Author: forex24pro

Dogecoin ends the trading week at 0.0585 and continues to move within the correction 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 rise in the value of the digital asset and test the resistance area near the level of 0.0695. From where a downward rebound is again expected and…

Currency pair Euro/Dollar EUR/USD continues to move as part of the beginning of the fall and the formation of a large “Triangle” model. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices bounced off 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 0.9771. As part of the Forex forecast for October 20, 20222, we should expect an attempt to develop…

Currency pair Pound/Dollar GBP/USD continues to move as part of the development of the correction and the downward channel. The potential for the formation of the “Double top” reversal pattern remains, with the breakdown of the level of 1.0345 we should expect the beginning of this pattern to be worked out with targets below. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.1233. 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…

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 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 the publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.6281. At the moment, we should expect an attempt to develop a bullish correction…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of growth and a bullish channel, despite interventions from the Bank of Japan. At the time of the publication of the forecast, the US Dollar to the Japanese Yen is 149.68. 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 Japanese Yen exchange rate forecast…

Brent continue to move as part of a downward correction and the formation of a “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the price of Brent oil is $90.87 per barrel. Moving averages indicate the presence of a short-term bullish 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 a correction and…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within a slight increase and a bullish channel. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.3784. 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 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…

GOLD continue to move as part of the development of the correction and the downward channel. At the time of the publication of the forecast, the price of Gold is 1633 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 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 ​​1645. Where should we…

Silver continue to move as part of the fall and the downward channel. At the time of the publication of the forecast, the price of Silver is 18.41. Moving averages indicate a 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 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 of ​​18.55. Where should we expect…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the 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 0.5664. At the moment, we…