Author: forex24pro

Silver continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. At the time of the forecast publication, Silver prices are at $ 24.34. Moving averages indicate a bearish trend. 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 in value from the current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of the metal and a test of the resistance level near the area of ​​24.70.…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of a slight growth and the formation of a “Head and Shoulders” reversal pattern. Moving averages indicate a short-term bullish trend for the pair. Prices broke through the area between the signal lines upward, 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 0.6701. At the moment, we should expect an attempt to…

Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the downward channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9081. Moving averages indicate a short-term bearish trend for the pair. 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 already from current levels. At the moment, we should expect an attempt to develop the growth of the US Dollar against the Swiss Franc and…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall and the beginning of the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 76.27. Moving averages indicate a short-term bullish trend. Prices have broken down the area between the signal lines, which indicates pressure from the sellers of the US currency and a potential continuation of the fall of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for October 28, 2020, we should expect…

BTC/USD are trading at 13421 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 $ 248,106,230,755. 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 asset’s value growth from the current levels. As part of the cryptocurrency rate forecast for tomorrow, October 28, 2020, we should expect an attempt to develop a downward correction in…

Ethereum are traded at 400.99 and continue to move within the growth and ascending channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $ 45,623,224,709. Moving averages indicate a short-term bullish trend for Ethereum. Prices went up 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 at a bearish correction in the value of the coin and a test of the support level near the 385.05 area. Where…

LTC/USD are traded at 57.52 and continue to move within the growth and ascending channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 3,801,132,919. Moving averages indicate a short-term bullish trend for Litecoin. Prices went 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 the area of…

XRP/USD are trading at 0.2491 and continue to move as part of the correction and the upward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $ 11,431,834,727. Moving averages indicate a short-term bullish trend for Ripple. Prices have broken 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 from 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 0.2465…

Stock index S&P 500 continue to move within the fall and the downtrend channel. At the time of the publication of the forecast, the index is trading at 3418. At the moment, we should expect an attempt to develop a bullish correction and test the resistance level near the 3435 area. Where can we expect a rebound and the continuation of the fall in the S&P 500 quotes to the area below the level of 3305. S&P 500 Forecast and Analysis October 28, 2020 An additional signal in favor of falling stock index quotes will be a test of the…

Currency pair Euro/Dollar EUR/USD continues to move within the framework of a slight correction and bullish channel. Moving averages indicate a short-term bullish trend for the pair. Prices broke through the area between the signal lines upward, 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 1.1832. As part of the Forex forecast for October 27, 2020, we should expect an attempt of a downward correction and a test of the support level near the 1.1775…