Author: forex24pro

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the growth and the ascending channel. Here the “Triangle” model is formed. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 76.72. Moving averages indicate a short-term bullish trend. However, 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 22,…

BTC/USD are trading at the level of 12697 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 $237,915,693,758. 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 22, 2020, we should expect an attempt to develop a downward…

Ethereum are trading at 387.10 and continue to move as part of the growth and the beginning of the development of the “Triangle” model. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $45,037,488,198. 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…

LTC/USD are trading at 51.79 and continue to move within the framework of a strong growth and an upward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $3,478,378,856. 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…

XRP/USD are trading at 0.2499 and continue to move as part of the growth and the ascending channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $11,513,837,756. Moving averages indicate a short-term bearish trend for Ripple. However, 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…

Stock index S&P 500 continue to move within the correction and the upward channel. Here the “Triangle” model is formed. At the time of the publication of the forecast, the index is trading at the level of 3437. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 3415 area. Where can we expect a rebound and continued growth of the S&P 500 quotes to the area above the level of 3655. S&P 500 Forecast and Analysis October 22, 2020 An additional signal in favor of raising the…

Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and the ascending channel. Moving averages indicate a short-term bearish trend for the pair. However, prices have broken 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 EUR/USD rate is 1.1812. There is potential for the formation of an inverted ”Head and Shoulders” pattern in favor of continued aggressive growth. As part of the Forex forecast for October 21, 2020,…

Currency pair Pound/Dollar GBP/USD continues to move as part of the bullish 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 1.2926. Moving averages indicate a short-term sideways trend. Prices broke through the area between the signal lines downward, 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 at a bullish correction of the British Pound against the US Dollar and a test…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the fall and the downward channel. Moving averages indicate a short-term bearish trend. Prices down from the area between the signal lines, which indicates pressure from the sellers of the currency pair and the potential continuation of the fall in the value of the instrument already from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7022. At the moment, we should expect an attempt to continue the development of a bullish correction and…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of the “Head and Shoulders” model. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 105.68. 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 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…