Author: forex24pro

BTC/USD are trading at 13036 and continue to move as part of the growth and the ascending channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $ 242,235,668,214. 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 27, 2020, we should expect an attempt to develop a downward correction in the value…

Ethereum are trading at the level of 403.79 and continue to move within the framework of the growth and the ascending channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $ 45,981,787,593. 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 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…

LTC/USD are traded at 57.26 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 $ 3,813,739,100. 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 0.2521 and continue to move within the correction and the upward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $ 11,523,439,720. 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 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 0.2455 area. Further,…

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1854 area. The pair continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend for the pair. Prices are repelled from the area between the signal lines, which indicates pressure from buyers of the European currency and the likely continuation of growth from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near the level of 1.1765. Where is the rebound and continued growth expected from the…

BRENT finish the trading week near the area of ​​$ 41.56 per barrel. And it continues to move within the correction and the upward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from commodity sellers and a potential continuation of the decline. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level of 38.55. Then, a rebound and continued growth of oil to the area above the level of $ 58.25 per barrel. BRENT crude oil…

Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3025 area. The pair continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices have pushed up again from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to grow and test the resistance area near the level of 1.3305. Further, the rebound and the beginning of the fall in the…

Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 76.27 Rubles per US Dollar. The pair continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from US Dollar buyers. In the current trading week of October 26 — 30, 2020 we should expect an attempt to develop growth and test the resistance area near the level of 78.55. Where can we expect a rebound and the beginning of a fall in the dollar…

Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7126 area. The pair continues to move within the framework of growth and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend. Prices bounced off the area between the signal lines, which indicates pressure from buyers of the asset and a potential continued growth in the value of the currency pair. At the moment, we should expect an attempt to continue the development of growth and test the resistance area near the level of 0.7315. Then, the rebound and the…

The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3146. The pair continues to move within the correction after the growth. Moving averages indicate a bearish trend. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the 1.3025 area. Then, the continued growth of quotations with a target above the level of 1.3525. USD/CAD…