Author: forex24pro

Bitcoin BTC/USD ends the trading week at the level of 34403 and continues to move as part of 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 asset and a potential continued growth in the asset’s quotes. At the moment, we should expect an attempt to develop a fall in the price of the coin and a test of the support area near the level of 31385. From where we can again expect a rebound upward and…

Ethereum ETH/USD ends the trading week at 1794 and continues to move within the growth and bullish channel. Moving averages indicate a bearish trend in ETH/USD. Prices have broken through the area between the signal lines upward, which indicates pressure from cryptocurrency buyers and potential continued growth from current levels. At the moment, we can expect an attempt to develop a price decline and a test of the support level near the 1590 area. From where we can again expect a rebound upward and continued growth in the rate and value of Ethereum with a potential target above the level…

Litecoin LTC/USD ends the trading week at 68.62 and continues to move as part of the correction and has left the bullish channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines. This indicates pressure from sellers of the digital asset and a potential continuation of the fall in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a bullish price correction and a test of the resistance area near the level of 77.85. Where again we can expect a downward rebound and an…

Quotes of Silver XAG/USD end the trading week near the 23.17 area. Quotes continue to move within the correction and bearish channel. Moving averages indicate a bearish trend for an asset. Prices have broken through the area between the signal lines upward, which indicates pressure from metal buyers and potential continued growth from current levels. At the moment, we should expect an attempt to develop a minor bearish correction in the value of the asset and a test of the support level near the area of 22.15. Next, the price of Silver will continue to rise with a potential target…

The Euro/Dollar currency pair EUR/USD continues to move as part of the development of a correction and a downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines downwards, which indicates pressure from sellers of the European currency and a potential continuation of the fall in quotes of the asset pair from current levels. At the time of publication of the forecast, the Euro to US Dollar exchange rate is 1.0548. As part of the Forex forecast for November 1, 2023, we should expect an attempt to develop…

The currency pair British Pound to US Dollar (GBP/USD) continues to move as part of the development of a correction and a downward channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2177. Moving averages indicate a short-term bearish 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 of the instrument. At the moment, we should expect an attempt to develop a slight bullish correction in the British Pound rate against the American Dollar…

The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the development of a correction and a bearish channel. Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal signals, 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 forecast, the Australian Dollar to US Dollar exchange rate is 0.6370. At the moment, we should expect an attempt to continue the development of the bullish correction…

The quotes of the USD/JPY currency pair continue to move as part of the development of a correction and a bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 150.44. Moving averages indicate a short-term bullish trend for the pair. Prices moved up from the area between the signal lines, which indicates pressure from sellers of the US Dollar and a potential continuation of the fall in prices from current levels. As part of the Japanese Yen exchange rate forecast for November 1, 2023, we should expect an attempt to…

The quotes for Brent crude oil continue to move as part of the correction and the formation of the “Triangle” pattern. At the time of publication of the forecast, the price of Brent oil is $86.89 per barrel. Moving averages indicate a short-term bearish trend in oil. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of Black Gold and a potential continuation of the fall in the value of the asset from current levels. At the moment, we should expect an attempt to develop a decline and test the support level near…

The currency pair USD/CAD continues to move within the correction and bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3819. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and the potential continued growth of the price pair in the near future. At the moment, it is worth considering an attempt to develop growth and test the resistance level near the 1.3865 area. Next, a rebound downwards and a continuation of the…