The currency pair of the US Dollar to Mexican Peso USD/MXN continues to move as part of the fall and the long-term downward channel. At the time of publication of the forecast, the exchange rate of the US Dollar to the Mexican Peso is 19.82. At the moment, we should expect an attempt to develop a bullish correction and test the resistance level near the 19.95 area. Then, as part of the forecast for the pair, the pair is expected to continue falling to the area below the level of 19.35. Mexican Peso Forecast October 27, 2022 In favor of…
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.
The US Dollar to Turkish Lira USD/TRY continues to move as part of the growth of the bullish channel. At the time of publication of the forecast, the exchange rate of the US Dollar to the Turkish Lira is 18.60. 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 currency pair. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 18.35 area and the pair’s continued…
Currency pair US Dollar to Polish Zloty USD/PLN continues to move within the correction and 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 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 4.45 area. Then, the continued growth of USD/PLN quotes…
Currency pair US Dollar to South African Rand USD/ZAR 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 are again testing the area between the signal lines, which indicates pressure from the sellers of the pair. At the time of publication of the forecast, the exchange rate of the US Dollar to the South African Rand is 17.70. At the moment, we should expect an attempt to fall and a test of the support level near the 17.75 area. Further, the continuation…
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…