Author: forex24pro

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the beginning of the development of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3173. Moving averages indicate a short-term bearish trend for the pair. However, prices have broken through the areas between the signal lines upward, 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…

GOLD 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 GOLD is 1899 Dollars per Troy Oz. 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 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 we expect a…

Silver continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. At the time of the release of the forecast, Silver prices are at $ 24.24. Moving averages indicate a bearish trend. Prices are testing 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 the resistance level near the area…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the growth and formation of the “Head and Shoulders” reversal pattern. 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 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 0.6678. At the moment, we should expect an attempt to continue the…

Currency pair Dollar Franc USD/CHF continues to move as part of the fall and the downward channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9052. Moving averages indicate a short-term bearish trend for the pair. Prices bounced off the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the asset value from current levels. At the moment, we should expect an attempt to develop the growth of the US Dollar against the Swiss Franc and test…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall and the beginning of the development of the “Triangle” model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 76.40. Moving averages indicate a short-term bullish trend. However, prices have broken down the area between the signal lines, which indicates pressure from the sellers of the US currency and a potential continuation of the fall of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for October 27,…

BTC/USD are trading at 13036 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 $ 242,235,668,214. 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 27, 2020, we should expect an attempt to develop a downward correction in the value…

Ethereum are trading at the level of 403.79 and continue to move within the framework of the growth and the ascending channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $ 45,981,787,593. 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 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…

LTC/USD are traded at 57.26 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 $ 3,813,739,100. 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 0.2521 and continue to move within the correction and the upward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $ 11,523,439,720. 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 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 0.2455 area. Further,…