Author: forex24pro

Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the upward channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9180. Moving averages indicate a short-term bullish trend for the pair. However, 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 already from current levels. At the moment, we should expect an attempt to develop a correction in the US Dollar rate against the Swiss…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the upward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 77.43. Moving averages indicate a short-term bullish trend. Prices moved up from 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 9, 2020, we should expect an attempt to develop a downward…

BTC/USD are traded at 10599 and continue to move as part of the correction and the formation of the “Triangle” pattern, which market participants cannot break through. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $ 196 446 404 491. Moving averages indicate a short-term bearish trend for Bitcoin. Prices are again testing the area between the lines, which indicates pressure from the sellers of Digital Gold and a potential continuation of the fall in the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, October 9, 2020, we…

ETH/USD are traded at 336.00 and continue to move as part of the correction and the formation of the “Triangle” pattern. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $38 156 406 061. Moving averages indicate a short-term bearish trend for Ethereum. Prices are testing 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 at a bearish correction in the value of the coin and a test of the support…

LTC/USD are traded at 45.56 and continue to move as part of the correction and the formation of another “Triangle” pattern. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 016 202 507. Moving averages indicate a short-term bearish trend for Litecoin. Prices are testing the area between the signal lines, 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…

XRP/USD are trading at 0.2417 and continue to move within the correction and the upward channel. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $11 048 768 719. 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 0.2355 area.…

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 3419. At the moment, we should expect an attempt to develop a downward correction and test the support level near the 3385 area. Where can we expect a rebound and continued growth in the S&P 500 quotes to the area above the level of 3505. S&P 500 Forecast and Analysis October 9, 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 within the framework of a strong bullish correction and a downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, 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 1.1778. As part of the Forex forecast for October 7, 2020, we should expect an attempt to grow and test the resistance level near the 1.1835 area.…

Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the “Triangle” model. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.2974. Moving averages indicate a short-term bearish trend. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall of the asset. At the moment, we should expect an attempt to correct the British Pound against the US Dollar and test the resistance area near…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the downward channel. Moving averages indicate a short-term bearish trend. Prices slightly broke the area between the signal lines upwards, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall 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 0.7175. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near…