Author: forex24pro

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the bullish correction and the downward channel, here the “Triangle” model is being formed. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 105.68. 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 US Dollar buyers and a potential continuation of price growth from current levels. As part of the forecast for the Japanese Yen rate for…

Brent continue to move within the framework of growth after a strong downward correction. At the time of the publication of the forecast, the price of Brent crude oil is $ 41.57 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices are again testing the area between the signal lines, which indicates pressure from the 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…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the upward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3276. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the price pair growth in the near future. At the moment, we should expect an attempt to develop a decline and test the support level near the 1.3205 area. Further,…

GOLD continue to move as part of the growth. At the time of the publication of the forecast, the price of GOLD is 1913 Dollars per Troy Oz. Moving averages indicate a short-term sideways trend. Prices broke through the area between the signal lines upwards, which indicates pressure from the 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 decline and test the support level near the 1890 area. Where can we expect a rebound and continued growth in the price of GOLD with…

Silver continue to move within the correction and the downward channel. At the time of the release of the forecast, Silver prices are at $ 24.30. Moving averages indicate a bearish trend. 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 from the current levels. At the moment, we should expect an attempt to develop a fall in the value of the metal and a test of the support level near the 22.95 area. Where can we expect a rebound and continued growth…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a short-term sideways trend in the pair. Prices broke through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and the potential continued growth of the instrument in the near future. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6633. At the moment, we should expect an…

Currency pair Dollar Franc USD/CHF continues to move as part of the fall and the rising channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9156. Moving averages indicate a short-term bullish trend for the pair. Prices slightly broke through the area between the signal lines, which indicates pressure from buyers and a potential continuation of the asset’s value growth from the current levels. At the moment, we should expect an attempt to develop a correction in the US Dollar rate against the Swiss Franc and…

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 78.05. Moving averages indicate a short-term bullish trend. Prices are again pushing 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 6, 2020, we should expect an attempt to develop…

BTC/USD are traded at 10696 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 $198 656 162 851. 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 7, 2020, we should…

ETH/USD are traded at 349.90 and continue to move as part of the correction and the formation of the “Triangle” pattern. Cryptocurrency capitalization Ethereum at the time of the publication of the forecast is $39 776 914 360. 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…