Author: forex24pro

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” reversal pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 105.48. 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…

Brent continue to move within the correction. At the time of the publication of the forecast, the price of Brent crude oil is $ 42.51 per barrel. Moving averages indicate a short-term bearish 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 from the current levels. At the moment, we should expect an attempt at correction and a test of the support level near the area of ​​$ 39.65 per barrel. Further, the continued growth of the…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of a strong fall and a downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3108. Moving averages indicate a short-term bearish trend for the pair. Prices went down from the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall of the pair in the near future. At the moment, we should expect an attempt to develop growth and test the resistance level near the…

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 1919 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines upwards, 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 and test the support level near the 1890 area. Where can we expect a rebound and continued growth in the price of GOLD…

Silver continue to move within the framework of strong growth and were able to leave the descending channel. At the time of the publication of the forecast, Silver prices are at $ 24.89. Moving averages indicate a bearish trend. Prices broke up 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 to develop a correction in the value of the metal and a test of the support level near the 24.20 area. Where can we expect a…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and formation of a large reversal pattern “Head and Shoulders”. Moving averages indicate a short-term sideways trend in the pair. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continued growth of the instrument. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6653. At the moment, we should expect an attempt to develop…

Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the downward channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9108. 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 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 a depreciation of the US Dollar against the Swiss Franc and…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall and the rising channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 76.88. 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 14, 2020, we should expect an attempt to develop growth and…

BTC/USD are trading at 11505 and continue to move as part of the growth and the beginning of the development of the “Triangle” model. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $210 538 053 461. 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 14, 2020, we should expect an attempt to…

Ethereum are trading at 383.23 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 $42 857 370 366. Moving averages indicate the presence of a short-term sideways trend in 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…