Author: forex24pro

Currency pair Dollar Franc USD/CHF continues to move as part of a strong fall and an upward ascending channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9121. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the areas between the signal lines, which indicates pressure from buyers and a potential continuation of the asset’s price growth from the current levels. At the moment, we should expect an attempt to develop a fall in the US Dollar rate against the Swiss Franc…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the upward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 79.24. Moving averages indicate a short-term bullish trend. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers of the US currency and a potential continuation of the growth of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for November 4, 2020, we should expect an attempt to develop…

BTC/USD are trading at 13748 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 $ 254,221,954,765. 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 4, 2020, we should expect an attempt to develop a downward correction in…

Ethereum are traded at 381.43 and continue to move within the correction and the ascending channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $ 43,185,317,837. Moving averages indicate a short-term bullish trend for Ethereum. Prices are testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the asset’s price 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 375.05 area. Where…

LTC/USD are traded at 52.72 and continue to move within the correction and the upward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 3,476,766,458. Moving averages indicate a short-term bullish trend for Litecoin. Prices are testing the area between the signal lines again, 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 the 50.05…

XRP/USD are trading at 0.2361 and continue to move within the fall and the downward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $ 10,734,549,217. Moving averages indicate a short-term bearish trend for Ripple. Prices have broken down between the signal lines, 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 a downward correction of a digital asset and a test of the support level near the 0.2265…

Stock index S&P 500 continue to move in the framework of strong growth and were able to leave the descending channel. At the time of the publication of the forecast, the index is trading at 3375. At the moment, we should expect an attempt to develop a correction and test the support level near the 3305 area. Where can we expect a rebound and a continued rise in the S&P 500 quotes to the area above the 3535 level. S&P 500 Forecast and Analysis November 4, 2020 An additional signal in favor of the growth of the stock exchange index…

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 from the current levels. At the time of the publication of the forecast, the EUR/USD rate is 1.1625. As part of the Forex forecast for November 3, 2020, we should expect an attempt of a downward correction and a test of the resistance level near the 1.1695…

Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the upward channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.2865. Moving averages indicate a short-term bearish trend. However, prices broke through the area between the signal lines downward, 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 at a bullish correction of the British Pound against the US Dollar and a test of…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and the downward channel. 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 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 forecast, the rate of the Australian Dollar to the US Dollar is 0.6995. At the moment, we should expect an attempt to continue the development of a…