Author: forex24pro

Silver continue to move within the correction and the downward channel. At the time of the release of the forecast, Silver prices are at $ 24.30. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the asset value from the current levels. At the moment, we should expect an attempt to develop a fall in the value of the metal and a test of the support level near the 22.95 area. Where can we expect a rebound and continued growth…

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 sideways trend in the pair. Prices broke through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and the potential continued growth of the instrument in the near future. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6633. At the moment, we should expect an…

Currency pair Dollar Franc USD/CHF continues to move as part of the fall and the rising channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9156. Moving averages indicate a short-term bullish trend for the pair. Prices slightly broke through the area between the signal lines, which indicates pressure from buyers and a potential continuation of the asset’s value growth from the current levels. At the moment, we should expect an attempt to develop a correction in the US Dollar rate against the Swiss Franc and…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the upward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 78.05. Moving averages indicate a short-term bullish trend. Prices are again pushing 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 6, 2020, we should expect an attempt to develop…

BTC/USD are traded at 10696 and continue to move as part of the correction and the formation of the “Triangle” pattern, which market participants cannot break through. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $198 656 162 851. Moving averages indicate a short-term bearish trend for Bitcoin. Prices are again testing the area between the lines, which indicates pressure from the sellers of Digital Gold and a potential continuation of the fall in the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, October 7, 2020, we should…

ETH/USD are traded at 349.90 and continue to move as part of the correction and the formation of the “Triangle” pattern. Cryptocurrency capitalization Ethereum at the time of the publication of the forecast is $39 776 914 360. Moving averages indicate a short-term bearish trend for Ethereum. Prices are testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the asset value 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 support…

LTC/USD are traded at 45.56 and continue to move as part of the correction and the beginning of the “Wedge” model. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 012 747 555. Moving averages indicate a short-term bearish trend for Litecoin. Prices are 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 a decrease in the value of a digital asset and a test of the…

XRP/USD are trading at 0.2461 and continue to move as part of a slight increase and the beginning of the development of the “Head and Shoulders” reversal pattern. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $11 281 863 012. Moving averages indicate a short-term bearish trend for Ripple. However, prices have broken the area between the signal lines upwards, which indicates pressure from buyers of the asset and a potential continuation of XRP growth 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 upward channel. At the time of the publication of the forecast, the index is trading at the level of 3378. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 3295 area. Where can we expect a rebound and continued growth in the S&P 500 quotes to the area above the 3535 level. S&P 500 Forecast and Analysis October 7, 2020 An additional signal in favor of raising the stock index quotes will…

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1714 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 again testing 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 1.1825. Where is the rebound…