Currency pair Dollar Franc USD/CHF continues to move as part of the growth and the formation of an inverted “Head and Shoulders” reversal pattern. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9146. Moving averages indicate a short-term bearish trend for the pair. However, prices have broken through the areas between the signal lines upwards, 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…
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.
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 76.50. Moving averages indicate a short-term sideways trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the US currency and a potential continued growth of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for November 17, 2020, we should expect an attempt to develop growth and…
BTC/USD are trading at 15710 and continue to move as part of the growth and the ascending channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $ 303,302,700,022. Moving averages indicate a short-term bullish trend for Bitcoin. Prices went up from the area between the lines, which indicates pressure from buyers of Digital Gold and a potential continuation of the growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, November 17, 2020, we should expect an attempt to develop a downward correction in…
Ethereum are trading at 455.49 and continue to move as part of the growth and the ascending channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $ 51,874,526,638. Moving averages indicate a short-term bullish trend for Ethereum. Prices went up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the asset’s value growth from the current levels. At the moment, we should expect an attempt at a bearish correction in the value of the coin and a test of the support level near the…
LTC/USD are trading at 69.24 and continue to move as part of the growth and the ascending channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 4,625,669,451. Moving averages indicate a short-term bullish trend for Litecoin. Prices went up from 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 correction in the value of a digital asset and a test of the support level near…
XRP/USD are trading at 0.2738 and continue to move within a strong growth and an upward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $ 12,804,100,762. Moving averages indicate a short-term bullish trend for Ripple. Prices have broken up 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 downward correction of a digital asset and a test of the support level near…
Stock index S&P 500 continue to move as part of the growth and the formation of the next “Triangle” pattern. At the time of the publication of the forecast, the index is trading at the level of 3612. At the moment, we should expect an attempt to develop a correction and test the support level near the 3515 area. Where can we expect a rebound and a continued rise in the S&P 500 quotes to the area above the 3815 level. S&P 500 Forecast and Analysis November 17, 2020 An additional signal in favor of the growth of the stock…
Every trader is a trend hunter. They look in the tune of the market and carefully analyze all the upbeats and low beats to find a way to join the song. The Forex market has introduced different instruments to enable investors to comprehend and to explain market behavior. Among all these instruments, price charts are regarded the best. Those are the main focus of various technical analyses. They explain the price movement in terms of it. How to Recognize Uptrends and Downtrends A trend is usually the representation of different phases of the index movement. As long as, any of…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1820 area. The pair continues to move within the framework of the growth and the rising channel. Moving averages indicate a bullish trend for the pair. Prices again bounced off the area between the signal lines, which indicates pressure from buyers of the European currency and the likely continuation of growth from the current levels. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level of 1.1695. Where is the rebound and continued growth expected from the…
BRENT finish the trading week near the area of $ 43.05 per barrel. And it continues to move within the framework of strong growth and a downward channel. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines again, which indicates pressure from sellers of raw materials and a potential continuation of the decline. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level of 39.25. Then, a rebound and continued growth of oil to the area above the level of $ 65.05…