Author: forex24pro

Currency pair US Dollar to Swedish Krona USD/SEK continues to move as part of the correction and the formation of a large “Triangle” pattern, a breakdown of which will indicate a strong growth of the pair to new highs. At the time of publication of the forecast, the exchange rate of the US Dollar to the Swedish Krona is 10.90. 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 the sellers of the pair. At the moment, we should expect an…

The US Dollar to Norwegian Krone USD/NOK continues to move as part of a correction and a long-term bullish channel. At the time of publication of the forecast, the exchange rate of the US Dollar to the Norwegian krone is 10.34. 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 the sellers of the pair and a potential continuation of the fall in the near future. At the moment, we should expect an attempt to develop a correction and test the…

Currency pair Dollar Chinese Yuan USD/CNY continues to move as part of a strong fall and a long-term bullish channel. At the time of publication of the forecast, the exchange rate of the US Dollar to the Chinese Yuan is 7.19. Moving averages indicate the presence of a short-term bullish 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 fall of the US Dollar against the Chinese Yuan. As part of the USD exchange rate forecast for October 27, 2022, we should…

Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and the formation of the “Triangle” model. 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 European currency and a potential continuation of the fall in asset quotes already from current levels. At the time of the publication of the forecast, the EUR/USD exchange rate is 0.9870. As part of the Forex forecast for October 26, 2022, we should expect an attempt to develop a slight rise…

Currency pair Pound/Dollar GBP/USD continues to move as part of the development of the correction and the formation of the “Triangle” model. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.1325. 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…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the development of a correction and a downward channel. Moving averages indicate the presence of a short-term bearish trend. Prices bounced off 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 the publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.6317. At the moment, we should expect an attempt to develop a bullish correction of…

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 the publication of the forecast, the US Dollar to the Japanese Yen is 148.89. 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 US Dollar and a potential continuation of price growth already from current levels. As part of the forecast for the Japanese Yen on October 26, 2022, we should expect an…

Brent continue to move as part of the fall and the downward channel. At the time of the publication of the forecast, the price of Brent oil is $90.21 per barrel. Moving averages indicate a short-term bearish trend in oil. Prices have broken through the area between the signal lines down, 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 growth and test the resistance level near the area of ​​94.35 dollars per…

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 1.3722. 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. At the time of publication of the forecast, the price of Gold is 1643 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 resistance level near the area of ​​1685. Where should we expect…