Author: forex24pro

Silver continue to move within the framework of strong growth and were able to leave the descending channel. At the time of the forecast publication, Silver prices are at $ 23.38. 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 24.05 area. Where can we expect a rebound and…

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 a short-term bearish trend for 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 0.6659. At the moment, we should expect an attempt to develop a…

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 0.9103. Moving averages indicate a short-term bearish trend for the pair. However, 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 already from current levels. At the moment, we should expect an attempt to develop a depreciation of the US Dollar against the Swiss…

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 76.80. 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 American currency and a potential continuation of the growth of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for October 13, 2020, we should expect an attempt to develop…

BTC/USD are traded at 11356 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 $210 773 118 740. Moving averages indicate the presence of 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 13, 2020, we should expect…

are trading at 371.94 and continue to move as part of the growth and the beginning of the development of the “Triangle” model. Cryptocurrency capitalization Ethereum at the time of the publication of the forecast is $42 248 246 791. Moving averages indicate a short-term bearish 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 the…

LTC/USD are traded at 49.66 and continue to move as part of the growth and the beginning of the development of the “Triangle” model. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 301 547 738. Moving averages indicate a short-term bearish trend for Litecoin. However, prices have broken 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 decrease in the value of a digital asset and…

XRP/USD are trading at 0.2521 and continue to move as part of the growth and the beginning of the development of the ”Triangle” model. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $11 506 353 043. Moving averages indicate the presence of a short-term sideways trend in Ripple. Prices pushed up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continued growth in the XRP rate in the market. At the moment, we should expect an attempt to develop a downward correction of a digital asset…

Stock index S&P 500 continue to move within the framework of the growth and the ascending 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 3435 area. Where can we expect a rebound and continued growth in the S&P 500 quotes to the area above the level of 3615. S&P 500 Forecast and Analysis October 13, 2020 An additional signal in favor of raising the stock index quotes will be a test of…

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1820 area. The pair continues to move within the framework of the fall and the beginning of the development of the “Head and Shoulders” reversal pattern. 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 growth and test the resistance area near the level of 1.2040. Where is the rebound…