Author: forex24pro

BTC/USD are trading at 13421 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 $ 248,106,230,755. 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 asset’s value growth from the current levels. As part of the cryptocurrency rate forecast for tomorrow, October 28, 2020, we should expect an attempt to develop a downward correction in…

Ethereum are traded at 400.99 and continue to move within the growth and ascending channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $ 45,623,224,709. 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 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 385.05 area. Where…

LTC/USD are traded at 57.52 and continue to move within the growth and ascending channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 3,801,132,919. 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 the area of…

XRP/USD are trading at 0.2491 and continue to move as part of the correction and the upward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $ 11,431,834,727. 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 XRP rate growth in the market 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 0.2465…

Stock index S&P 500 continue to move within the fall and the downtrend channel. At the time of the publication of the forecast, the index is trading at 3418. At the moment, we should expect an attempt to develop a bullish correction and test the resistance level near the 3435 area. Where can we expect a rebound and the continuation of the fall in the S&P 500 quotes to the area below the level of 3305. S&P 500 Forecast and Analysis October 28, 2020 An additional signal in favor of falling stock index quotes will be a test of the…

Currency pair Euro/Dollar EUR/USD continues to move within the framework of a slight correction and bullish channel. Moving averages indicate a short-term bullish trend for the pair. Prices broke through the area between the signal lines upward, 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 1.1832. As part of the Forex forecast for October 27, 2020, we should expect an attempt of a downward correction and a test of the support level near the 1.1775…

Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and formation of the “Wolfe Wave” model. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3002. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines again, which indicates pressure from buyers of the currency pair and a potential continued growth 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 the…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the downward channel. Moving averages indicate a short-term bearish trend. Prices are again testing 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 from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.71125.At the moment, we should expect an attempt to continue the development of a bullish correction…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of 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 104.87. 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 rate for October 27,…

Brent continue 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 price of Brent crude oil is $ 40.42 per barrel. Moving averages indicate a short-term sideways trend in 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 support…