Silver continue to move as part of the rise and completion of the inverted “Head and Shoulders” reversal pattern. At the time of publication of the forecast, Silver prices are at 23.11. Moving averages indicate a bearish trend. 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 fall in value 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 22.25 area. Where…
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.
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the formation of the ”Triangle” pattern. Moving averages indicate a short-term bearish trend for the pair. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall in the value of the instrument already 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 0.6957. At the…
Currency pair Dollar Franc USD/CHF continues to move as part of the fall and completion of the formation of the ”Head and Shoulders” reversal pattern. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9253. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the areas between the signal lines again, 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…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall and left the descending channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 71.98. Moving averages indicate a short-term bearish trend. Prices are again testing 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 14, 2021, we should expect an attempt…
BTC/USD are trading at 56666 and continue to move as part of the rise and the bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $1,073,193,474,665. Moving averages indicate a short-term sideways trend in Bitcoin. Prices went up from 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 already from the current levels. As part of the cryptocurrency rate forecast for tomorrow, October 13, 2021, we should expect an attempt to develop a…
Ethereum are trading at 3500 and continue to move as part of the rise and the downtrend channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $412,118,518,373. 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 correction in the value of the coin and a test of the resistance level near…
XRP/USD are trading at 1.1036 and continue to move as part of the correction and the bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $51,888,966,069. Moving averages indicate a short-term bearish trend for Ripple. Prices are again testing the areas between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the rise in the XRP rate in the market already from current levels. At the moment, we should expect an attempt to develop a decline in the asset and a test of the…
Stock index S&P 500 continue to move as part of the correction and the beginning of the development of the bullish ”Wolfe Wave” pattern. Moving averages indicate a short-term bearish trend. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the asset and the potential continuation of the fall 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 4344. At the moment, we should expect an attempt to develop a fall and test the support level…
LTC/USD are trading at 174.66 and continue to move as part of the correction and the bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $11,998,553,563. Moving averages indicate a short-term bullish trend for Litecoin. Prices broke up 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 decrease in the value of a digital asset and a test of the support level near the area…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the downward 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 1.1572. As part of the Forex forecast for October 12, 2021, we should expect an attempt to develop a price correction and a test of…