Currency pair Dollar Franc USD/CHF continues to move within the correction and the bullish channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9996. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have gone up from the area between the signal lines, which indicates pressure from buyers and a potential continued growth in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a correction in the US Dollar against the…
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 US Dollar/Russian Ruble USD/RUB continues to move within the correction and the bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 59.27. Moving averages indicate the presence of a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the US currency and a potential continuation of the growth of the US Dollar against the Russian Ruble. As part of the USD exchange rate forecast for November 1, 2022, we should expect an attempt to…
BTC/USD are trading at 20677 and continue to move as part of the development of growth and the formation of the “Triangle” model. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $390,531,568,404. Moving averages indicate a short-term bullish trend for Bitcoin. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of Digital Gold and a potential continuation of the growth in the value of the asset already from current levels. As part of the cryptocurrency exchange rate forecast for tomorrow, November 1, 2022, we should…
Ethereum are trading at 1618 and continue to move as part of a strong growth and a downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $191,687,143,046. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a potential continued growth in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a rise in the value of the coin and a test…
XRP/USD are trading at 0.4522 and continue to move within the correction and left the limits of the “Triangle” model. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $22,648,532,360. Moving averages indicate the presence of a short-term bullish trend for Ripple. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth of the XRP rate on the market already from current levels. At the moment, we should expect an attempt to develop a rise in the asset…
LTC/USD are trading at 55.81 and continue to move within the correction and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $3,896,535,864. Moving averages indicate the presence of a short-term bullish trend for Litecoin. 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 bullish correction in the value of the digital asset and a test of the resistance…
Currency pair US Dollar to Polish Zloty USD/PLN continues to move as part of a correction after a strong fall and a bullish channel. Moving averages indicate the presence of a short-term downward trend in the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the currency pair. At the time of publication of the forecast, the exchange rate of the US Dollar to the Polish Zloty is 4.74. At the moment, we should expect an attempt to develop a correction and test the support level near the 4.70 area. Then,…
Currency pair Euro Dollar EUR/USD completes the trading week near the area of 0.9956 and continues to move as part of the development of a bullish correction and a downward channel. Moving averages indicate a bearish trend. Prices broke down the area between the signal lines, 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 a slight bullish correction and a test of the resistance area near the level of 0.9975. Where is the expected rebound and continued fall of…
BRENT complete the trading week near the area of 94.60 dollars per barrel. And it continues to move within the framework of a slight growth and the formation of a “Head and Shoulders” reversal pattern. Moving averages indicate an uptrend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of raw materials and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a correction and test the support area near the level of 89.25. Then, it is worth considering a rebound upwards and continued…
Currency pair Pound Dollar GBP/USD completes the trading week as part of the development of a correction near the area of 1.1549. The potential for the formation of a reversal pattern “Wedge” remains. The pair continues to move within the descending channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall of the British Pound against the US Dollar already from current levels. At this point, we should expect an attempt to develop a bullish correction and test the resistance area…