Author: forex24pro

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…

LTC/USD are trading at 183.82 and continue to move within the fall and the bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $12,680,831,738. Moving averages indicate a short-term bullish trend for Litecoin. Prices are again pushing the area between the signal lines, 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 rise in the value of a digital asset and a test of the resistance level near the 195.05 area.…

DOGE/USD are traded at 0.2349 and continue to move within the fall and the downward channel. Moving averages indicate a short-term bullish trend for Dogecoin. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of a digital asset and a test of the resistance level near the 0.2445 area. Where can we expect a rebound again and the continuation of the fall in…

Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and left the bullish correction channel. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the European currency and a potential continuation of the fall in the asset quotes from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1607. As part of the Forex forecast October 27, 2021 we should expect an attempt to develop a price correction and a test…

Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of an inverted ”Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3790. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt to raise the price of the British Pound against…