Dogecoin ends the trading week at 0.0872 and continues to move as part of the fall and the downward channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the coin and a potential continuation of growth in the near future. As part of the DOGE/USD rate forecast for the next trading week, we should expect an attempt to develop a correction in the value of the digital asset and a test of the support area near the level of 0.1475. From where a rebound down…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
Currency pair Euro/Dollar EUR/USD continues to move within the framework of strong growth and is testing the resistance area. The potential for the formation of a bearish “Wolfe Wave” pattern remains. Moving averages indicate the presence of a short-term side trend for the pair. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the European currency and a potential continuation of the growth of asset quotes already from current levels. At the time of the publication of the forecast, the EUR/USD exchange rate is 1.0078. As part of the Forex forecast for…
Currency pair Pound/Dollar GBP/USD continues to move as part of the development of a bullish correction and the formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.1552. Moving averages indicate the presence of a short-term bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the currency pair and a potential continuation of the growth of the instrument. At the moment, we should expect an attempt to develop a rise in…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move in a strong bullish correction and a downward channel. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continued growth in the value of the instrument already from current levels. At the time of the publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.6512. At the moment, we should expect an attempt to develop a bullish correction of the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of a strong downward correction and a bullish channel. At the time of publication of the forecast, the US Dollar to the Japanese Yen is 145.34. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the US Dollar and a potential continuation of price growth already from current levels. As part of the forecast for the Japanese Yen on November 10, 2022, we should…
Brent continue to move within the correction and the bullish channel. At the time of the publication of the forecast, the price of Brent crude oil is $94.94 per barrel. Moving averages indicate the presence of a short-term bullish trend in oil. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of “Black Gold” and a potential continuation of the fall in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the area of 92.05…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of a bearish correction and a bullish channel. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.3422. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers and a potential continuation of the pair’s fall in the near future. At the moment, it is worth considering an attempt to develop a bearish price correction and a test of the support…
GOLD continue to move within the framework of strong growth and have left the limits of the downward channel. The potential for the formation of a “Double Bottom” reversal pattern remains. At the time of the publication of the forecast, the price of Gold is 1714 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the asset and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a…
Silver continue to move as part of a strong growth and a bullish channel. At the time of the publication of the forecast, the price of Silver is 21.51. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the asset and a potential continuation of the growth in value already from current levels. At the moment, we should expect an attempt to continue the development of a downward correction in the value of the metal and a test of the support level near the 20.95 area.…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the price increase and have left the descending channel. Moving averages indicate the presence of a short-term side trend for the pair. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the currency pair and a potential continuation of the fall in the value of the instrument already 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 0.5947.…