Author: forex24pro

LTC/USD are traded at 56.14 and continue to move as part of the growth and the ascending channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 3,688,477,399. Moving averages indicate a short-term bullish trend for Litecoin. Prices moved up from 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 correction in the value of a digital asset and a test of the support level near…

XRP/USD are trading at 0.2456 and continue to move within a strong correction and an upward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $ 11,122,944,593. Moving averages indicate a short-term bullish trend for Ripple. Prices broke up between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the XRP rate growth in the market already from the current levels. 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 fall and the descending channel, moreover, the quotes were able to break through the lower border of the channel, which indicates a strong pressure from the bears. At the time of the publication of the forecast, the index is trading at the level of 3319. At the moment, we should expect an attempt to develop a bullish correction and test the resistance level near the 3345 area. Where can we expect a rebound and the continuation of the fall in the S&P 500 quotes to the area below…

Currency pair Euro/Dollar EUR/USD continues to move within the framework of a slight correction and the formation of the “Triangle” model. Moving averages indicate a short-term bullish trend for the pair. Prices are again pushing 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 1.1823. As part of the Forex forecast for October 28, 2020, we should expect an attempt of a downward correction and a test of the support…

Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the “Wolfe Wave” model. At the time of the publication of the forecast, the Pound/Dollar rate on Forex is 1.3039. Moving averages indicate a short-term bullish trend. Prices are bouncing again from the area between the signal lines, which indicates pressure from buyers of the currency pair and the potential continued growth 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 of the resistance area near the…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the downward “Wolfe Wave” pattern. 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 currency pair and a potential continuation of the growth in the value of the instrument from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7133. At the moment, we should expect an attempt to continue the…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 104.63. 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 28,…

Brent continue to move as part of the fall and the beginning of the formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the price of Brent crude oil is $ 40.42 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices have broken the area between the signal lines down, which indicates pressure from 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 to continue the correction and…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of a strong fall and the beginning of the formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3163. Moving averages indicate a short-term bearish trend for the pair. Prices returned below the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the pair in the near future. At the moment, we should expect an attempt to develop a…

GOLD continue 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 price of GOLD is 1902 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices are again 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 growth and test the resistance level near the 1905 area. Where can we expect a…