BTC/USD are trading at 10593 and continue to move as part of the correction and the formation of the “Triangle” pattern. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $195 024 816 323. 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 2, 2020, we should expect an attempt to develop 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.
ETH/USD are trading at 352.33 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 $39 600 080 713. Moving averages indicate a short-term bearish trend for Ethereum. Prices are testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the fall in the value of the asset 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 46.06 and continue to move as part of the correction and the beginning of the “Wedge” model. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 011 796 187. Moving averages indicate a short-term bearish trend for Litecoin. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall 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…
XRP/USD are traded at 0.2343 and continue to move as part of the correction and the beginning of the development of the “Wedge” reversal pattern. here the “Head and Shoulders” reversal pattern is formed. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $10 664 765 130. Moving averages indicate a short-term bearish trend for Ripple. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall. At the moment, we should expect an attempt to develop a downward correction of a…
Stock index S&P 500 continue to move as part of the correction, strong growth has not yet taken place, however, the pressure from buyers does not decrease. At the time of the publication of the forecast, the index is trading at 3344. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 3315 area. Where can we expect a rebound and continued growth in the S&P 500 quotes to the area above the 3565 level. S&P 500 Forecast and Analysis October 2, 2020 An additional signal in favor…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the 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 EUR/USD rate is 1.1715. As part of the Forex forecast for October 1, 2020, we should expect an attempt to grow and test the resistance level near the 1.1755 area. Further, the rebound and…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction. At the time of the publication of the forecast, the Pound to US Dollar rate on Forex is 1.2900. 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 the level of 1.2955. Where again should we expect a…
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 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 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 0.7154. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of a bullish correction and a downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 105.49. 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 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 Yen rate for October…
Brent continue to move as part of the correction. At the time of the publication of the forecast, the price of Brent crude oil is $ 42.05 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 sellers of “Black Gold” and a potential continuation of the fall in the value of the asset already from current levels. At the moment, we should expect an attempt at correction and a test of the support level near the area of $ 41.15 per barrel. Further, the…