Author: forex24pro

The quotes of XAG/USD continue to move as part of the development of a correction and the formation of a “Head and Shoulders” reversal pattern. At the time of publication of the forecast, prices for Silver are 23.06. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of price growth from current levels. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the support level near the area of 22.15.…

The quotes of the currency pair NZD/USD continue to move as part of the development of a bullish correction and a bearish channel. Moving averages indicate a short-term bearish trend for the pair. Prices have broken down the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the fall in the value of the instrument from current levels. At the time of publication of the Forex forecast, the exchange rate of the New Zealand Dollar to the US Dollar is 0.5822. At the moment, we should expect an attempt to…

The USD/CHF currency pair continues to move within the growth and bullish channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc rate is 0.9030. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of growth in the value of the asset from current levels. At the moment, we should expect an attempt to develop a fall in the US Dollar against the Swiss Franc and a test of the support area near…

The BTC/USD quotes are trading at the level of 34227 and continue to move as part of the correction and the formation of the “Triangle” pattern. The capitalization of the Bitcoin cryptocurrency at the time of publication of the forecast is $725,310,618,784. Moving averages indicate a short-term bullish trend for Bitcoin. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of Digital Gold and a potential continuation of the fall in the value of the asset from current levels. As part of the forecast for the cryptocurrency rate for tomorrow, October 31, 2023,…

The ETH/USD quotes are trading at 1793 and continue to move as part of the development of the correction and bullish channel. The capitalization of the Ethereum cryptocurrency at the time of publication of the forecast is $218,165,452,186. Moving averages indicate a short-term bearish trend for Ether. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of growth in the value of the asset from current levels. At the moment, we can expect an attempt to develop a correction in the value of the coin and a test of…

The Euro/Dollar currency pair EUR/USD ends the trading week with a correction near the 1.0553 area. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the European currency and a likely continuation of the fall from current levels. At the moment, we should expect an attempt to develop growth in the pair’s quotes and test the resistance area near the level of 1.0705. Where is the expected rebound downwards and the continuation of the fall of the Euro Dollar. A potential downward target is the area…

BRENT oil quotes end the trading week near the area of 87.99 dollars per barrel. The asset continues to move as part of the correction and formation of the “Triangle” pattern. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of raw materials and a potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a decline and test the support area near the level of 87.05. Then, it is worth considering a rebound upward and continued growth of oil…

The Pound/Dollar GBP/USD currency pair ends the trading week as part of the development of a correction and a bearish channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the fall of the British Pound against the US Dollar from current levels. At this point, we should expect an attempt to develop a rise and test the resistance area near the level of 1.2235. Next, a rebound downwards and a continuation of the fall of Pound/Dollar quotes to the area below…

The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6334 area. The pair continues to move as part of the development of the fall and the bearish channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the asset and a potential continuation of the fall in the value of the currency pair. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance area near the level of 0.6385. Then, a…

The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3821. The pair continues to move within the development of growth and a bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and potential continued growth in the near future. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the 1.3685 area. Then, a rebound upward and continued growth of quotes with…