Author: forex24pro

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 rate of the US Dollar to the Swiss Franc is 0.9140. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the asset value already from current levels. At the moment, we should expect an attempt to develop a depreciation…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the growth and the ascending channel. At the time of publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 78.10. 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 American currency and a potential continuation of the growth of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for October 16, 2020, we should expect an attempt to develop a…

BTC/USD are trading at 11328 and continue to move as part of the growth and the beginning of the development of the “Triangle” model. The capitalization of Bitcoin cryptocurrency at the time of the publication of the forecast is $210,753,647,206. 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 16, 2020, we should expect an attempt to develop a downward…

Ethereum are trading at 371.97 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 $42,428,351,662. 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 49.05 and continue to move as part of the growth and the beginning of the development of the “Triangle” model. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $3,271,024,666. Moving averages indicate a short-term bearish trend for Litecoin. However, prices broke through the area between the signal lines upward, 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 decrease in the value of a digital asset and a…

Stock index S&P 500 continue to move within the fall and the ascending channel. At the time of the publication of the forecast, the index is trading at 3439. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 3475 area. Where can we expect a rebound and the continuation of the fall in the S&P 500 quotes to the area below the level of 3345. S&P 500 Forecast and Analysis October 16, 2020 An additional signal in favor of falling stock index quotes will be a test…

The retail forex market has become so competitive that only thinking about sifting through all the brokers available can give anyone a major headache. It can be an overwhelming task to choose a forex broker to trade with, especially if you’re new to forex trading and still don’t have an idea what you should exactly be looking for. In this post, you’ll discover the important things to consider when choosing a forex broker. Read on below to learn more. Services Offered Not all forex brokers provide their clients with the same services and information. You need to look at each…

Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the downward channel. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines again, 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 1.1763. 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 15, 2020, we…

Currency pair Pound/Dollar GBP/USD continues 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 Pound to the US Dollar on Forex is 1.3035. Moving averages indicate a short-term bearish 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 an attempt to correct the British Pound against the US Dollar and test the resistance area…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the “Wedge” reversal pattern. Moving averages indicate a short-term bearish trend. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the 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…