Author: forex24pro

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and formation of the “Head and Shoulders” reversal pattern. Moving averages indicate the presence of a short-term sideways trend in the pair. 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 time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6556. At the moment, we…

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 0.9075. 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 growth and the ascending channel. Here the “Triangle” model is formed. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 77.89. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the US currency and a potential continued growth of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for October 21, 2020, we should expect…

BTC/USD are trading at 11858 and continue to move as part of the growth and the ascending channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $220,883,002,379. 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 21, 2020, we should expect an attempt to develop a downward correction in the value of a…

Ethereum are traded at 366.89 and continue to move as part of the growth and the beginning of the development of the ”Triangle” model. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $41,856,229,046. Moving averages indicate a short-term bullish trend for Ethereum. Prices are again 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…

LTC/USD are traded at 46.63 and continue to move within the fall and the ascending channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $3,112,726,559. Moving averages indicate a short-term bearish trend for Litecoin. Prices returned below 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 a correction in the value of a digital asset and a test of the resistance level near the area…

XRP/USD are trading at 0.2399 and continue to move as part of the correction after the price drop. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $11,092,739,720. Moving averages indicate a short-term bearish trend for Ripple. However, 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…

Stock index S&P 500 continue to move within the correction and the upward channel. The “Wedge” reversal pattern is also formed here. At the time of the publication of the forecast, the index is trading at 3405. At the moment, we should expect an attempt to develop a downward correction and test the support level near the 3405 area. Where can we expect a rebound and continued growth in the S&P 500 quotes to the area above the level of 3645. S&P 500 Forecast and Analysis October 21, 2020 An additional signal in favor of raising the stock index quotes…

Currency pair Euro/Dollar EUR/USD continues to move as part of another growth and an upward channel. Moving averages indicate a short-term bearish trend for the pair. However, prices have broken 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 1.1783. There is potential for an inverted head and shoulders pattern to be formed in favor of the pair continuing to rise. As part of the Forex forecast for…

Currency pair Pound/Dollar GBP/USD continues to move as part of the next bullish correction and the formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.2998, sellers did not manage to break through the “Neck” line of the reversal pattern. Moving averages indicate a short-term sideways trend. Prices have broken the area between the signal lines up, which indicates pressure from buyers of the currency pair and a potential continuation of the asset’s growth. At the moment, we should expect…