Author: forex24pro

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and left the descending channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2421. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the price pair in the near future. At the moment, we should expect an attempt to develop a fall and a test of the support…

GOLD continue to move as part of the correction and the formation of a large “Triangle” reversal pattern. At the time of the publication of the forecast, the price of GOLD is 1787 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1765 area. Where can we expect a rebound and…

Silver continue to move within the correction and left the descending channel. An inverted “Head and Shoulders” reversal pattern is also formed here. At the time of the forecast release, Silver prices are at 23.92. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of the rise in value already from the current levels. At the moment, we should expect an attempt to develop a decrease in the value of the metal and a test of the support level near the…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the bullish channel. Moving averages indicate a short-term bullish trend for the pair. Prices are again pushing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the rise in the value of the instrument from the current levels. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.7132. At the moment, we should expect an…

Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the formation of the ”Wolfe Wave” model. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9175. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through testing the area between the signal lines downward, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset already from the current levels. At the moment, we should expect an attempt to develop a depreciation…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 70.04. Moving averages indicate a short-term bearish trend. Prices moved down from the area between the signal lines, which indicates pressure from the sellers of the US currency and a potential continuation of the fall of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for October 28, 2021, we should expect an attempt to…

BTC/USD are traded at the level of 59081 and continue to move as part of the fall and the beginning of the development of the “Head and Shoulders” reversal pattern. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $1,110,600,717,848. Moving averages indicate a short-term bullish trend for Bitcoin. Prices are again testing the area between the signal lines, which indicates pressure from buyers of ”Digital Gold” and a potential continuation of the rise in the value of the asset from the current levels. As part of the cryptocurrency rate forecast for tomorrow,…

Ethereum are trading at 4023 and continue to move as part of the fall and the bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $474,506,793,719. Moving averages indicate a short-term bullish trend for Ethereum. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the asset value from the current levels. At the moment, we should expect an attempt to develop a rise in the value of the coin and a test of the resistance level near…

XRP/USD are trading at 1.0172 and continue to move within the fall and bearish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $ 47,603,755,543. Moving averages indicate a short-term bullish trend for Ripple. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the XRP rate decline in the market already from current levels. At the moment, we should expect an attempt to develop an asset correction and test the resistance level near the 1.0905 area. Further,…

Stock index S&P 500 continue to move within the correction and the bullish channel. Moving averages indicate a short-term bullish trend. Prices broke up the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of the rise of the stock index in the market from the current levels. At the time of the publication of the forecast, the index is trading at the level of 4560. At the moment, we should expect an attempt to develop a fall and test the support level near the 4475 area. Where can we expect…