Author: forex24pro

Ethereum are trading at 378.59 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 $42,939,278,504. Moving averages indicate a short-term bullish trend for Ethereum. Prices broke through the area between the signal lines upward, 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 the level of 47.64 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 $3,162,044,716. 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 decrease in the value of a digital asset and a test of the support level near…

XRP/USD are trading at 0.2450 and continue to move as part of the correction after a strong fall in prices. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $11,203,536,383. Moving averages indicate a short-term bearish trend for Ripple. However, 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 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…

Stock index S&P 500 continue to move within the correction and the upward channel. At the time of the publication of the forecast, the index is trading at 3480. At the moment, we should expect an attempt to develop a downward correction and test the support level near the 3425 area. Where can we expect a rebound and continued growth in the S&P 500 quotes to the area above the level of 3655. S&P 500 Forecast and Analysis October 20, 2020 An additional signal in favor of raising the stock index quotes will be a test of the support line…

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1721 area. The pair continues to move within the correction and the upward channel. Moving averages indicate a bullish trend for the pair. Prices are repelled from the area between the signal lines, which indicates pressure from buyers of the European currency and the likely continuation of growth from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near the level of 1.1675. Where is the rebound and continued growth expected from the Euro Dollar. The…

BRENT finish the trading week near the area of ​​$ 42.62 per barrel. And it continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from commodity sellers and a potential continuation of the decline. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level of 38.35. Then, a rebound and continued growth of oil to the area above the level of $ 57.75 per barrel.…

Currency pair Pound Dollar GBP/USD ends the trading week near the area of ​​1.2956. The pair continues to move within the framework of growth after the fall. Moving averages indicate a bullish trend. Prices are bouncing again from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to grow and test the resistance area near the level of 1.3175. Further, the rebound and the beginning of the fall in the Pound/Dollar quotes…

Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 78.08 Rubles per US Dollar. The pair continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from US dollar buyers. In the current trading week, October 19 — 23, 2020 we should expect an attempt to develop growth and test the resistance area near the level of 79.75. Where can we expect a rebound and the beginning of a fall in…

Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7083 area. The pair continues to move within the framework of growth and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend. Prices bounced off the area between the signal lines, which indicates pressure from buyers of the asset and a potential continued growth in the value of the currency pair. At the moment, we should expect an attempt to continue the development of growth and test the resistance area near the level of 0.7165. Then, the rebound and the…

The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3199. The pair continues to move within the correction after strong growth and the beginning of the formation of the ”Wedge” pattern. Moving averages indicate a bearish trend. Prices moved down from the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the 1.3035 area. Then, the continued growth of…