Stock index S&P 500 continue to move as part of the correction, strong growth has not yet taken place, however, the pressure from buyers does not decrease. At the time of the publication of the forecast, the index is trading at 3344. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 3315 area. Where can we expect a rebound and continued growth in the S&P 500 quotes to the area above the 3565 level. S&P 500 Forecast and Analysis October 2, 2020 An additional signal in favor…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
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 1.1715. As part of the Forex forecast for October 1, 2020, we should expect an attempt to grow and test the resistance level near the 1.1755 area. Further, the rebound and…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction. At the time of the publication of the forecast, the Pound to US Dollar rate on Forex is 1.2900. 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 1.2955. Where again should we expect a…
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 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 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 0.7154. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near the…
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 105.49. 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 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 Yen rate for October…
Brent continue to move as part of the correction. At the time of the publication of the forecast, the price of Brent crude oil is $ 42.05 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 sellers of “Black Gold” and a potential continuation of the fall in the value of the asset already from current levels. At the moment, we should expect an attempt at correction and a test of the support level near the area of $ 41.15 per barrel. Further, the…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3316. 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’s growth in the near future. At the moment, we should expect an attempt to develop a decline and test the support level near the 1.3245 area. Further,…
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 1888 Dollars per Troy Oz. 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 asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop growth and test the resistance level near the 1895 area. Where can we expect a rebound and the continued fall in the price of…
Silver continue to move within the fall and the descending channel. At the time of the publication of the forecast, Silver prices are at $ 23.25. Moving averages indicate a bearish trend. 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 bullish correction in the value of the metal and a test of the resistance level near the area of 24.75. Where can we expect a rebound and the…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the fall and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate the presence of a short-term sideways trend in the pair. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and the potential continuation of the fall 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 0.6604. At…