Author: forex24pro

Brent continue to move as part of the correction and the formation of the “Triangle” model. At the time of the publication of the forecast, the price of Brent oil is $93.83 per barrel. Moving averages indicate the presence of a short-term bullish trend in oil. Prices are again pushing the area between the signal lines, which indicates pressure from buyers 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…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the framework of a slight correction and the formation of a “Wedge” reversal pattern. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.3279. Moving averages indicate the presence of a short-term bearish 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…

GOLD continue to move as part of strong growth and the beginning of the development of the “Double Bottom” reversal pattern. At the time of the publication of the forecast, the price of Gold is 1779 USD 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 bearish correction and test the support level near the area…

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 21.78. 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 20.90 area.…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the price rise and have left the bullish channel. Moving averages indicate the presence of a short-term bullish 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 rate of the New Zealand Dollar to the US Dollar is 0.6170. At…

Currency pair Dollar Franc USD/CHF continues to move within the correction and the downward channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9395. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from selling 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 depreciation of the US Dollar…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move within the correction and left the limits of the bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 58.11. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the US currency and a potential continuation of the decline of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for November 17, 2022, we…

BTC/USD are trading at 16541 and continue to move as part of the development of the correction and the downward channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $318,301,617,187. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines down, which indicates pressure from the sellers of Digital Gold and a potential continuation of the decline in the value of the asset already from current levels. As part of the cryptocurrency rate forecast for tomorrow, November 17, 2022, we should expect an…

Ethereum are trading at 1215 and continue to move as part of the correction and the formation of the “Triangle” model, which is likely to be broken down by sellers. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $148,934,121,480. Moving averages indicate the presence of a short-term bearish trend for Ethereum. Prices have gone down from the area between the signal lines, which indicates pressure from sellers 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…

XRP/USD are trading at 0.3680 and continue to move as part of the fall and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $18,775,927,799. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the asset and a potential continuation of the fall in the XRP rate on the market already from current levels. At the moment, we should expect an attempt to develop a bullish correction of the asset…