Silver continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. At the time of the forecast release, Silver prices are at 22.46. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines upward, which indicates pressure from the 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 21.75 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 downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices are testing 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 0.6936. At the moment, we should expect…
Currency pair Dollar Franc USD/CHF continues to move as part of the fall and the bullish channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9302. Moving averages indicate a short-term bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the value of the asset from the current levels. At the moment, we should expect an attempt to develop a fall in the US Dollar rate against the…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the formation of the ”Triangle” model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 72.89. Moving averages indicate a short-term bearish trend. Prices have broken down 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 forecast of the Dollar exchange rate for October 5, 2021, we…
BTC/USD are trading at 47724 and continue to move as part of the decline and the formation of the “Head and Shoulders” reversal pattern. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $898,019,170,564. Moving averages indicate a short-term sideways trend in Bitcoin. Prices have broken through the area between the signal lines up, 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 5, 2021, we…
Ethereum are trading at 3345 and continue to move as part of the correction and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $395,078,514,525. Moving averages indicate a short-term bearish trend for Ethereum. Prices have broken through the areas between the signal lines upward, which indicates pressure from buyers and a potential continuation of the rise in the value of the asset 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…
XRP/USD are trading at 1.0270 and continue to move as part of the correction and the formation of the ”Triangle” pattern. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $48,202,645,564. Moving averages indicate a short-term bearish trend for Ripple. Prices have broken through the area between the signal lines upward, 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 an asset rise and a test…
Stock index S&P 500 continue to move within the fall and the downward channel. Moving averages indicate a short-term 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 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 4321. At the moment, we should expect an attempt to develop a fall and a test of the support level near the 4295 area. Where…
LTC/USD are traded at the level of 166.00 and continue to move as part of the rise and the downtrend channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $11,428,119,677. Moving averages indicate a short-term bearish trend for Litecoin. Prices have broken the area between the signal lines upwards, which indicates pressure from the buyers of the asset and a potential continuation of the rise from the current levels. At the moment, we should expect an attempt to develop the growth in the value of a digital asset and a test of…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1577 area. The pair continues to move as part of the fall and the beginning of the development of the large ”Head and Shoulders” reversal pattern. Moving averages indicate a bearish trend. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the European currency and the likely continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance area near the level of 1.1830. Where…