Author: forex24pro

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the fall and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.3128. 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 sellers and a potential continuation of the fall of the price pair in the near future. At the moment, we should expect an attempt to develop growth and test the resistance level near the 1.3175 area. Further,…

GOLD continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the price of GOLD is 1911 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices broke 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 growth and test the resistance level near the area of ​​1920. Where can we expect a rebound…

Silver continue to move within the growth and the ascending channel. At the time of the publication of the forecast, Silver prices are at $ 24.48. Moving averages indicate a bullish trend. Prices are again repelled from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the asset value 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 continued…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the formation of a large reversal pattern “Head and Shoulders”. As you can see, there is still time to complete the formation of the right “Shoulder” of this pattern. Moving averages indicate the presence of a short-term sideways trend in 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,…

Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the downward channel. Here, too, an inverted head and shoulders pattern forms. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9119. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the area between the signal lines downward, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset from the current levels. At the moment, we should expect an attempt to develop…

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 76.88. 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 US Currency and a potential continued growth of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for October 15, 2020, we should expect an attempt to develop growth and…

BTC/USD are trading at 11401 and continue to move as part of the growth and the beginning of the development of the “Triangle” model. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $210,020,972,796. Moving averages indicate 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 15, 2020, we should expect an attempt to…

Ethereum are traded at 383.23 and continue to move as part of the growth and the beginning of the development of the “Triangle” model. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $ 42,576,780,838. Moving averages indicate a short-term bullish trend for Ethereum. Prices broke through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the growth of 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…

LTC/USD are traded at 49.60 and continue to move as part of the growth and the start of the “Triangle” pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $3,274,569,437. Moving averages indicate a short-term bearish trend for Litecoin. However, prices broke through the area between the signal lines upward, 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…

XRP/USD are trading at 0.2490 and continue to move as part of the correction after a strong increase. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $11,268,773,846. 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 0.2425 area. Further,…