Silver continue to move within the framework of strong growth and were able to leave the descending channel. At the time of the publication of the forecast, Silver prices are at $ 24.89. Moving averages indicate a bearish trend. Prices broke up the area between the signal lines, 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 to develop a correction in the value of the metal and a test of the support level near the 24.20 area. Where can we expect a…
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.
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and formation of a large reversal pattern “Head and Shoulders”. Moving averages indicate a short-term sideways trend in the pair. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continued growth 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 0.6653. At the moment, we should expect an attempt to develop…
Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the downward channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9108. 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 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 a depreciation of the US Dollar against the Swiss Franc and…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall and the rising channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 76.88. 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 14, 2020, we should expect an attempt to develop growth and…
BTC/USD are trading at 11505 and continue to move as part of the growth and the beginning of the development of the “Triangle” model. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $210 538 053 461. 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 14, 2020, we should expect an attempt to…
Ethereum are trading at 383.23 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 $42 857 370 366. Moving averages indicate the presence of a short-term sideways trend in 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…
LTC/USD are traded at 49.85 and continue to move as part of the growth. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 255 616 489. Moving averages indicate a short-term bearish trend for Litecoin. However, prices have broken 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 decrease in the value of a digital asset and a test of the support level near the 45.95 area.…
XRP/USD are trading at 0.2564 and continue to move as part of the growth. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $11 524 106 802. Moving averages indicate the presence of a short-term sideways trend in 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 0.2435…
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 the level of 3528. At the moment, we should expect an attempt to develop a downward correction and test the support level near the 3485 area. Where can we expect a rebound and continued growth of the S&P 500 quotes to the area above the level of 3665. S&P 500 Forecast and Analysis October 14, 2020 An additional signal in favor of raising the stock index quotes will be…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the downward channel. The “Wedge” reversal pattern is also formed here. Moving averages indicate a short-term bullish trend for the pair. Prices went up from 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 1.1813. As part of the Forex forecast for October 13, 2020, we should expect an attempt to grow and test the resistance level…