Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the European currency and a potential continuation of the fall from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1701. There is the potential for a head and shoulders pattern to be molded in favor of a continued fall. As part of the Forex forecast for October 16,…
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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.
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall 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 1.2918. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the seller of the currency pair and a potential continuation of the fall of the asset. At the moment, we should expect an attempt at a bullish correction of the British Pound against the US…
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 buyers of the currency pair and a potential continued growth in the value of the instrument. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7183. At the moment, we should expect an attempt to continue the development of a bullish correction and test the resistance area near the level…
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 “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 105.23. 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…
Brent continue to move as part of the correction. At the time of the publication of the forecast, the price of Brent crude oil is $ 41.88 per barrel. Moving averages indicate a short-term bearish trend for 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 at correction and a test of the support level near the area of $ 39.95 per barrel. Further,…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the framework of strong growth and a downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3211. 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 a decline and test the support level near…
XRP/USD are trading at 0.2427 and continue to move as part of the correction after the growth. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $11,125,891,210. Moving averages indicate a short-term bullish trend for Ripple. However, prices have broken through between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the XRP rate decline in the market. 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 0.2375 area. Further, an upward…
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 1894 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices broke the area between the signal lines downward, 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 a…
Silver continue to move within the growth and the ascending channel. At the time of the publication of the forecast, Silver prices are $ 23.73. 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 a test of the resistance level near the area of 24.65. Where can we expect a rebound and…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and formation of another “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 0.6585. At the moment, we…