Author: forex24pro

XRP/USD are trading at 0.2399 and continue to move as part of the correction after the price drop. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $11,092,739,720. Moving averages indicate a short-term bearish trend for Ripple. However, prices have broken down between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the XRP rate decline 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…

Stock index S&P 500 continue to move within the correction and the upward channel. The “Wedge” reversal pattern is also formed here. At the time of the publication of the forecast, the index is trading at 3405. At the moment, we should expect an attempt to develop a downward correction and test the support level near the 3405 area. Where can we expect a rebound and continued growth in the S&P 500 quotes to the area above the level of 3645. S&P 500 Forecast and Analysis October 21, 2020 An additional signal in favor of raising the stock index quotes…

Currency pair Euro/Dollar EUR/USD continues to move as part of another growth and an upward 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 Euro/US Dollar rate is 1.1783. There is potential for an inverted head and shoulders pattern to be formed in favor of the pair continuing to rise. As part of the Forex forecast for…

Currency pair Pound/Dollar GBP/USD continues to move as part of the next bullish correction and the formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.2998, sellers did not manage to break through the “Neck” line of the reversal pattern. Moving averages indicate a short-term sideways trend. Prices have broken the area between the signal lines up, which indicates pressure from buyers of the currency pair and a potential continuation of the asset’s growth. At the moment, we should expect…

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 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 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 0.7097. At the moment, we should expect an attempt to continue the development of a bullish correction…

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 “Triangle” model. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 105.41. Moving averages indicate a short-term bearish trend for the pair. Prices broke the area between the signal lines downward, 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…

Brent continue to move as part of the correction and the formation of the “Triangle” pattern. At the time of the publication of the forecast, the price of Brent crude oil is $ 42.93 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken the area between the signal lines up, which indicates pressure from buyers of “Black Gold” and a potential continuation of the growth of the asset value already from the current levels. At the moment, we should expect an attempt to correct and test the support level near the area of ​​$ 42.05…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the fall and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3159. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the areas between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the price pair in the near future. At the moment, we should expect an attempt to develop growth and test the resistance level near the 1.3230 area. Further,…

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 1909 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 area of ​​1920. Where can we expect…

Silver continue to move as part of the growth and the downward channel. At the time of the publication of the forecast, Silver prices are at $ 24.64. Moving averages indicate a bearish trend. Prices are again repelled from the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the asset 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 test the resistance level near the area of ​​24.75. Where can we expect a rebound…