Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the fall and the downward channel. Moving averages indicate a short-term bearish trend. 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 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 0.7097. At the moment, we should expect an attempt to continue the development of a bullish correction…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of the “Triangle” model. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 105.41. Moving averages indicate a short-term bearish trend for the pair. Prices broke the area between the signal lines downward, 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…
Brent continue to move as part of the correction and the formation of the “Triangle” pattern. At the time of the publication of the forecast, the price of Brent crude oil is $ 42.93 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken the area between the signal lines up, which indicates pressure from buyers of “Black Gold” and a potential continuation of the growth of the asset value already from the current levels. At the moment, we should expect an attempt to correct and test the support level near the area of $ 42.05…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the fall and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3159. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the areas between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the price pair in the near future. At the moment, we should expect an attempt to develop growth and test the resistance level near the 1.3230 area. Further,…
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 1909 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 area of 1920. Where can we expect…
Silver continue to move as part of the growth and the downward channel. At the time of the publication of the forecast, Silver prices are at $ 24.64. Moving averages indicate a bearish trend. Prices are again repelled from 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 bullish correction in the value of the metal and test the resistance level near the area of 24.75. Where can we expect a rebound…
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 upward, which indicates pressure from buyers of the currency pair and a potential continuation of the instrument’s growth. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6636. At the moment, we should expect an…
Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the downward channel. Here, too, an inverted head and shoulders pattern forms. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9096. 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…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the growth and the ascending channel. The “Triangle” model is also formed here. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 77.56. 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 20, 2020, we should…
BTC/USD are trading at the level of 11643 and continue to move within the growth and ascending channel. The capitalization of the cryptocurrency Bitcoin at the time of the publication of the forecast is $215,867,368,809. 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 16, 2020, we should expect an attempt to develop a downward correction in the…