Author: forex24pro

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the fall and the formation of the “Head and Shoulders” reversal pattern. 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 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 0.6643. At the moment, we should expect an attempt to continue…

Currency pair Dollar Franc USD/CHF continues to move as part of the growth and the upward ascending channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9153. Moving averages indicate a short-term bullish trend for the pair. Prices have gone up again from 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 fall in the US Dollar rate against the Swiss…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the growth and the ascending channel. At the time of publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 79.01. Moving averages indicate a short-term sideways trend. Prices have broken the area between the signal lines upward, 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 30, 2020, we should expect an attempt to develop a correction and…

BTC/USD are trading at 13510 and continue to move within the framework of a strong growth and an upward channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $ 245,314,639,425. 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 30, 2020, we should expect an attempt to develop a downward…

Ethereum are traded at 388.17 and continue to move within the correction and the ascending channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $ 43,301,261,110. Moving averages indicate a short-term bullish trend for Ethereum. Prices are testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of 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 level near the 383.05…

LTC/USD are traded at 54.80 and continue to move within the correction and the ascending channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 3,531,132,972. Moving averages indicate a short-term bullish trend for Litecoin. Prices are testing the area between the signal lines again, 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 in the value of a digital asset and a test of the support level near the area…

Stock index S&P 500 continue to move within the fall and the descending channel. At the time of the publication of the forecast, the index is trading at 3237. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 3345 area. Where can we expect a rebound and the continuation of the fall of the S&P 500 quotes to the area below the level of 3125. S&P 500 Forecast and Analysis October 30, 2020 An additional signal in favor of falling stock index quotes will be a test…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the framework of a strong growth and an upward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3281. 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 and a potential continuation of the growth of the price pair in the near future. At the moment, we should expect an attempt to develop a decline and test the support level…

Currency pair Euro/Dollar EUR/USD continues to move within the framework of a slight fall and the beginning of the formation of the “Head and Shoulders” reversal pattern. 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 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 1.1735. As part of the Forex forecast for October 29, 2020, we should expect an attempt of a…

Currency pair Pound/Dollar GBP/USD continues 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 Pound/US Dollar rate on Forex is 1.2946. Moving averages indicate a short-term bullish trend. However, prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the currency pair and the potential continuation of the fall of the instrument. At the moment, we should expect an attempt at a bullish correction of the British Pound against the US Dollar and a test…