LTC/USD are traded at 52.72 and continue to move within the correction and the upward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 3,476,766,458. Moving averages indicate a short-term bullish trend for Litecoin. Prices are testing the area between the signal lines again, 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 50.05…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
XRP/USD are trading at 0.2361 and continue to move within the fall and the downward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $ 10,734,549,217. Moving averages indicate a short-term bearish trend for Ripple. 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 the 0.2265…
Stock index S&P 500 continue to move in the framework of strong growth and were able to leave the descending channel. At the time of the publication of the forecast, the index is trading at 3375. At the moment, we should expect an attempt to develop a correction and test the support level near the 3305 area. Where can we expect a rebound and a continued rise in the S&P 500 quotes to the area above the 3535 level. S&P 500 Forecast and Analysis November 4, 2020 An additional signal in favor of the growth of the stock exchange index…
Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the European currency and a potential continuation of the fall from the current levels. At the time of the publication of the forecast, the EUR/USD rate is 1.1625. As part of the Forex forecast for November 3, 2020, we should expect an attempt of a downward correction and a test of the resistance level near the 1.1695…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the upward channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.2865. Moving averages indicate a short-term bearish trend. However, 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 instrument. At the moment, we should expect an attempt at a bullish correction of the British Pound against the US Dollar and a test of…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and the downward channel. Moving averages indicate a short-term 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 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 0.6995. At the moment, we should expect an attempt to continue the development of a…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 104.93. Moving averages indicate a short-term bearish trend for the pair. Prices are 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 Yen rate for November 3, 2020,…
Brent continue to move within the fall and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 36.74 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices went down from the area between the signal lines, which indicates pressure from the sellers of “Black Gold” and the potential continuation of the fall in the value of the asset already from the current levels. At the moment, we should expect an attempt to continue the correction and test the support level near the area of $ 38.05…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and formation of the “Triangle” model. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3341. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the price pair in the near future. At the moment, we should expect an attempt to develop a decline and a test of the support…
GOLD continue to move within the correction and the downward channel. At the time of the publication of the forecast, the price of GOLD is 1883 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 1890 area. Where can we expect a rebound and the continuation of the fall in…