Author: forex24pro

Ethereum are traded at 388.17 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 $ 43,301,261,110. 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 growth of the asset value 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 383.05…

LTC/USD are traded at 54.80 and continue to move within the correction and the ascending channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 3,531,132,972. 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 area…

Stock index S&P 500 continue to move within the fall and the descending channel. At the time of the publication of the forecast, the index is trading at 3237. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 3345 area. Where can we expect a rebound and the continuation of the fall of the S&P 500 quotes to the area below the level of 3125. S&P 500 Forecast and Analysis October 30, 2020 An additional signal in favor of falling stock index quotes will be a test…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the framework of a strong growth and an upward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3281. 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 growth of the price pair in the near future. At the moment, we should expect an attempt to develop a decline and test the support level…

Currency pair Euro/Dollar EUR/USD continues to move within the framework of a slight fall and the beginning of the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a short-term bullish trend for the pair. However, 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 1.1735. As part of the Forex forecast for October 29, 2020, we should expect an attempt of a…

Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the Pound/US Dollar rate on Forex is 1.2946. Moving averages indicate a short-term bullish trend. However, prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the currency pair and the 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…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and the development of the downward 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 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 0.7063. At the moment, we should expect an attempt to…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the correction and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 104.33. 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 US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast for the Japanese Yen exchange rate for October 29, 2020,…

Brent continue to move as part of the fall and the formation of an inverted “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the price of Brent crude oil is $ 40.42 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices have broken the area between the signal lines down, which indicates pressure from sellers of “Black Gold” and a potential continuation of the fall in the value of the asset already from the current levels. At the moment, we should expect an attempt to continue the correction and test the…

GOLD continue to move within the framework of a strong fall and the beginning of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the price of GOLD is 1880 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices went far down from the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop growth and test the resistance level near the 1905 area. Where can…