Author: forex24pro

Ethereum ETH/USD ends the trading week at 343.42 and continues to move within the correction and the upward channel. Moving averages indicate a bullish trend for ETH/USD. Prices are again testing the area between the signal lines, which indicates pressure from cryptocurrency buyers and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a slight downward correction and a test of the support level near the 305.55 area. Where can we expect a rebound again and continued growth in the rate and value of Ethereum with a potential target above…

XRP/USD end the trading week at 0.2303 and continue to move as part of the correction and the formation of an inverted “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the cryptocurrency from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near 0.1765. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area…

Litecoin LTC/USD ends the trading week at 44.64 and continues to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bearish trend. Prices broke the area between the signal lines down. This indicates pressure from buyers of the digital asset and a potential continuation of the rise in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a minor correction and a test of the support area near the level of 40.05. Where can we expect a rebound again and an attempt to…

Bitcoin Cash completes the trading week at 218.26 and continues to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bearish trend. Prices broke the area between the signal lines downward, which indicates pressure from the coin’s sellers and a potential continuation of the fall. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to reduce the value of a digital asset and a test of the support area near the level of 210.55. From where a rebound is expected again and an attempt…

Silver is completing the trading week near the 23.84 area. Quotes continue to move within the fall and ascending channel. Moving averages indicate a bullish trend for the pair. Test prices are testing the area between the signal lines, which indicates pressure from metal buyers and a potential continuation of growth from current levels. At the moment, we should expect an attempt to develop an asset price correction and a test of the support level near the 19.75 area. Further, the continued growth in the price of Silver with a potential target above the level of 29.65. Silver Forecast and…

Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the 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 EUR/USD rate is 1.1739. As part of the Forex forecast for October 2, 2020, we should expect an attempt to grow and test the resistance level near the 1.1765 area. Further, the rebound and…

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 Pound/US Dollar rate on Forex is 1.2878. 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 the level of 1.2975. Where…

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 0.7183. 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 a bullish correction and a downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 105.54. 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 October 2, 2020, we should expect an…

Brent continue to move as part of a strong correction. At the time of the publication of the forecast, the price of Brent crude oil is $ 40.40 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices have broken the area between the signal lines down, which indicates pressure from 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 to correct and test the support level near the area of ​​$ 39.90 per barrel. Further, the…