Author: forex24pro

LTC/USD are traded at 45.56 and continue to move as part of the correction and the formation of another “Triangle” pattern. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 016 202 507. Moving averages indicate a short-term bearish trend for Litecoin. Prices are testing the area between the signal lines, 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 a test of the support level…

XRP/USD are trading at 0.2417 and continue to move within the correction and the upward channel. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $11 048 768 719. Moving averages indicate a short-term bullish trend for 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 and a test of the support level near the 0.2355 area.…

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 3419. At the moment, we should expect an attempt to develop a downward correction and test the support level near the 3385 area. Where can we expect a rebound and continued growth in the S&P 500 quotes to the area above the level of 3505. S&P 500 Forecast and Analysis October 9, 2020 An additional signal in favor of raising the stock index quotes will be a test of…

Currency pair Euro/Dollar EUR/USD continues to move within the framework of a strong bullish correction and a downward channel. 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 European currency and a potential continuation of the fall from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1778. As part of the Forex forecast for October 7, 2020, we should expect an attempt to grow and test the resistance level near the 1.1835 area.…

Currency pair Pound/Dollar GBP/USD continues 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 Pound to the US Dollar on Forex is 1.2974. Moving averages indicate a short-term bearish trend. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall of the asset. At the moment, we should expect an attempt to correct the British Pound against the US Dollar and test the resistance area near…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the downward channel. Moving averages indicate a short-term bearish trend. Prices slightly broke the area between the signal lines upwards, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall in the value of the instrument. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7175. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the bullish correction and the downward channel, here the “Triangle” model is being formed. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 105.68. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines again, which indicates pressure from US Dollar buyers and a potential continuation of price growth from current levels. As part of the forecast for the Japanese Yen rate for…

Brent continue to move within the framework of growth after a strong downward correction. At the time of the publication of the forecast, the price of Brent crude oil is $ 41.57 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of “Black Gold” and a potential continuation of the fall in the value of the asset already from the current levels. At the moment, we should expect an attempt at correction and a test of the support level near the area…

Currency pair US Dollar to Canadian Dollar USD/CAD 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 US Dollar to the Canadian Dollar is 1.3276. 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 price pair growth in the near future. At the moment, we should expect an attempt to develop a decline and test the support level near the 1.3205 area. Further,…

GOLD continue to move as part of the growth. At the time of the publication of the forecast, the price of GOLD is 1913 Dollars per Troy Oz. Moving averages indicate a short-term sideways trend. Prices broke through the area between the signal lines upwards, which indicates pressure from the 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 decline and test the support level near the 1890 area. Where can we expect a rebound and continued growth in the price of GOLD with…