Author: forex24pro

BTC/USD are trading at 61034 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 $1,149,912,441,519. Moving averages indicate a short-term sideways trend in Bitcoin. Prices went up from 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 19, 2021, we should expect an attempt to develop…

Ethereum are trading at 3808 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 $ 449,369,451,688. 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…

XRP/USD are trading at 1.1161 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 $52,492,759,857. Moving averages indicate a short-term bullish trend for Ripple. Prices are again testing the area 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…

Stock index S&P 500 continue to move as part of the growth and development of the bullish ”Wolfe Wave” pattern. Moving averages indicate a short-term bullish trend. Prices have broken 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 exchange index in the market from the current levels. At the time of the publication of the forecast, the index is trading at 4462. At the moment, we should expect an attempt to develop a fall and a test of the support level near…

LTC/USD are trading at the level of 184.17 and continue to move as part of the rise and the bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $12,694,175,590. Moving averages indicate a short-term bullish trend for Litecoin. Prices have broken 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…

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1603 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 1.1775. Where…

BRENT finish the finish the trading week near the area of ​​$ 84.70 per barrel. And it continues to move within the framework of the rise and the bullish channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from buyers of raw materials and a potential continuation of the rise. At the moment, we should expect an attempt to develop a downward correction and a test of the support area near the level of 74.65. Then, a rebound and continued rise in oil to the area above the level…

Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3745 area. The pair continues to move within the bullish correction and the downtrend channel. Prices have broken the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the rise in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to rise and test the resistance area near the level of 1.3925. Further, a rebound down and the beginning of the fall in the Pound/Dollar quotes to the area below the level of…

Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 70.98 Rubles per US Dollar. The pair continues to move as part of the correction and the beginning of the ”Triangle” pattern. Moving averages indicate a downtrend. The prices broke through the area between the signal lines downward, which indicates pressure from the US dollar sellers and the likely continuation of the pair’s fall from these levels. In the current trading week, October 18 – 22, 2021, we should expect an attempt to develop a correction and a test of the resistance area near…

Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7419 area. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish 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 growth in the value of the currency pair. At the moment, we should expect an attempt to continue the development of a bullish correction and test the resistance area near the level of 0.7535. Then, the rebound and the continuation of the…