Author: forex24pro

Silver continue to move within the framework of a strong fall and the beginning of the development of the “Head and Shoulders” reversal pattern. At the time of the release of the forecast, Silver prices are at $ 23.40. Moving averages indicate a bearish trend. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall in value from the current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of the metal and a test of…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the fall and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continued growth of the instrument. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6643. At the moment, we should expect an attempt to continue…

Currency pair Dollar Franc USD/CHF continues to move as part of the growth and the downward ascending channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9108. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the asset value 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 growth and the ascending channel. At the time of publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 78.57. Moving averages indicate a short-term sideways trend. Prices have broken the area between the signal lines upward, 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 October 29, 2020, we should expect an attempt to develop a…

BTC/USD are trading at 13226 and continue to move within the framework of a strong growth and an upward channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $ 242,016,528,209. 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, October 29, 2020, we should expect an attempt to develop a downward…

Ethereum are trading at 387.51 and continue to move within the correction and the upward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $ 43,695,854,093. 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 382.55…

LTC/USD are traded at 56.14 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 $ 3,688,477,399. Moving averages indicate a short-term bullish trend for Litecoin. Prices moved 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 0.2456 and continue to move within a strong correction and an upward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $ 11,122,944,593. Moving averages indicate a short-term bullish trend for Ripple. Prices broke up between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the XRP rate growth in the market already from the 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 0.2435…

Stock index S&P 500 continue to move within the framework of the fall and the descending channel, moreover, the quotes were able to break through the lower border of the channel, which indicates a strong pressure from the bears. At the time of the publication of the forecast, the index is trading at the level of 3319. At the moment, we should expect an attempt to develop a bullish correction and test the resistance level near the 3345 area. Where can we expect a rebound and the continuation of the fall in the S&P 500 quotes to the area below…

Currency pair Euro/Dollar EUR/USD continues to move within the framework of a slight correction and the formation of the “Triangle” model. Moving averages indicate a short-term bullish trend for the pair. Prices are again pushing the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continuation of growth from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1823. As part of the Forex forecast for October 28, 2020, we should expect an attempt of a downward correction and a test of the support…