Author: forex24pro

Currency pair US Dollar to Polish Zloty USD/PLN continues to move as part of a strong fall and a 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 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 4.71. At the moment, we should expect an attempt to develop a correction and test the support level near the 4.70 area. Then, the continued growth…

Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and the downward channel. Moving averages indicate the presence of a short-term bearish 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 1.0028. As part of the Forex forecast for October 27, 2022, we should expect an attempt to develop a slight price increase and…

Currency pair Pound/Dollar GBP/USD continues to move as part of the development of growth and a bullish channel. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.1573. Moving averages indicate the presence of a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt to develop a bullish price correction of the British Pound against the US Dollar…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the development of a strong bullish correction and a downward channel. Moving averages indicate the presence of a short-term bearish trend. Prices are again testing 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 already from current levels. At the time of publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.6475. At the moment, we should expect an attempt to develop a bullish…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the correction and the bullish channel. At the time of publication of the forecast, the US dollar to the Japanese Yen is 146.96. 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 Japanese Yen exchange rate forecast for October 27, 2022, we should expect an attempt to…

Brent continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the price of Brent oil is $92.17 per barrel. Moving averages indicate a short-term bearish 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…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the correction and the bullish channel. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.3525. 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 and a potential continuation of the price pair growth in the near future. At the moment, we should expect an attempt to develop a bearish price correction and a test of the support level near the area…

GOLD continue to move as part of the development of the correction and the downward channel. The potential for the formation of the “Triangle” model remains. At the time of the publication of the forecast, the price of Gold is 1670 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 down, which indicates pressure from sellers of the asset and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop a correction and test the…

Silver continue to move as part of the fall and the formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the price of Silver is 19.57. Moving averages indicate a 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 the growth in value already 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 resistance level near the area…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of a strong correction and a downward channel. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are again testing 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 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 0.5799. At the moment,…