LTC/USD are traded at 49.60 and continue to move as part of the growth and the start of the “Triangle” pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $3,274,569,437. 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 test of the…
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.
XRP/USD are trading at 0.2490 and continue to move as part of the correction after a strong increase. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $11,268,773,846. Moving averages indicate a short-term bullish trend for Ripple. Prices pushed up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continued growth in the XRP rate 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 0.2425 area. Further,…
Stock index S&P 500 continue to move within the framework of the growth and the ascending channel. At the time of the publication of the forecast, the index is trading at 3500. At the moment, we should expect an attempt to develop a downward correction and test the support level near the 3465 area. Where can we expect a rebound and continued growth in the S&P 500 quotes to the area above the level of 3635. S&P 500 Forecast and Analysis October 15, 2020 An additional signal in favor of raising the stock index quotes will be a test of…
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 again testing the area between the signal lines, 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 1.1784. As part of the Forex forecast for October 14, 2020, we should expect an attempt to grow and test the resistance level near the 1.1800 area. Further, the rebound and…
Currency pair Pound/Dollar GBP/USD continues to move as part of a bullish correction. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3026. 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 near the level of 1.3105. Where again should we…
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 bullish 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 0.7186. At the moment, we should expect an attempt to develop a bullish correction and test the…
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 105.48. 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 within the correction. At the time of the publication of the forecast, the price of Brent crude oil is $ 42.51 per barrel. Moving averages indicate a short-term bearish 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 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 $ 39.65 per barrel. Further, the continued growth of the…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of a strong fall and a downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3108. Moving averages indicate a short-term bearish trend for the pair. Prices went down from the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall of the pair in the near future. At the moment, we should expect an attempt to develop growth and test the resistance level near the…
GOLD continue to move within the correction and the downward channel. At the time of the publication of the forecast, the price of GOLD is 1919 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines upwards, 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 correction and test the support level near the 1890 area. Where can we expect a rebound and continued growth in the price of GOLD…