Author: forex24pro

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and formation of the “Head and Shoulders” reversal pattern. Moving averages indicate the presence of a short-term sideways trend in the pair. However, prices broke through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continuation of the instrument’s growth. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6636. At the moment, we should expect an…

Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the downward channel. Here, too, an inverted head and shoulders pattern forms. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9096. Moving averages indicate a short-term bearish trend for the pair. Prices bounced off the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the asset value from current levels. At the moment, we should expect an attempt to develop the growth of…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the growth and the ascending channel. The “Triangle” model is also formed here. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 77.56. 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 US currency and a potential continued growth of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for October 20, 2020, we should…

BTC/USD are trading at the level of 11643 and continue to move within the growth and ascending channel. The capitalization of the cryptocurrency Bitcoin at the time of the publication of the forecast is $215,867,368,809. 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 16, 2020, we should expect an attempt to develop a downward correction in the…

Ethereum are trading at 378.59 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 $42,939,278,504. Moving averages indicate a short-term bullish trend for Ethereum. Prices broke through the area between the signal lines upward, 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 traded at the level of 47.64 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 $3,162,044,716. Moving averages indicate a short-term bearish trend for Litecoin. Prices returned below 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 a decrease in the value of a digital asset and a test of the support level near…

XRP/USD are trading at 0.2450 and continue to move as part of the correction after a strong fall in prices. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $11,203,536,383. Moving averages indicate a short-term bearish trend for Ripple. However, 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 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. At the time of the publication of the forecast, the index is trading at 3480. At the moment, we should expect an attempt to develop a downward correction and test the support level near the 3425 area. Where can we expect a rebound and continued growth in the S&P 500 quotes to the area above the level of 3655. S&P 500 Forecast and Analysis October 20, 2020 An additional signal in favor of raising the stock index quotes will be a test of the support line…

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1721 area. The pair continues to move within the correction and the upward 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 1.1675. Where is the rebound and continued growth expected from the Euro Dollar. The…

BRENT finish the trading week near the area of ​​$ 42.62 per barrel. And it continues to move within the framework of the growth and the ascending 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 38.35. Then, a rebound and continued growth of oil to the area above the level of $ 57.75 per barrel.…