Author: forex24pro

XRP/USD are trading at 0.2564 and continue to move as part of the growth. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $11 524 106 802. Moving averages indicate the presence of a short-term sideways trend in 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 0.2435…

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 the level of 3528. At the moment, we should expect an attempt to develop a downward correction and test the support level near the 3485 area. Where can we expect a rebound and continued growth of the S&P 500 quotes to the area above the level of 3665. S&P 500 Forecast and Analysis October 14, 2020 An additional signal in favor of raising the stock index quotes will be…

Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the downward channel. The “Wedge” reversal pattern is also formed here. Moving averages indicate a short-term bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continuation of growth from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1813. As part of the Forex forecast for October 13, 2020, we should expect an attempt to grow and test the resistance level…

Currency pair Pound/Dollar GBP/USD continues to move as part of a bullish correction. At the time of the publication of the forecast, the Pound/US Dollar rate on Forex is 1.3043. Moving averages indicate a short-term bearish trend. Prices have broken the area between the signal lines up, which indicates pressure from buyers of the currency pair and a potential continuation of the asset’s growth. 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 1.3120. Where again should we expect a rebound and the…

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 broke through the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continued growth 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 0.7265. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near the level of 0.7175.…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the beginning of the formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 105.47. Moving averages indicate a short-term bearish trend for the pair. Prices broke the area between the signal lines downward, 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…

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 $ 42.42 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are testing the area between the signal lines, which indicates pressure from buyers of “Black Gold” and a potential continuation of the growth of the asset value from the current levels. At the moment, we should expect an attempt to correct and test the support level near the area of ​​$ 41.45 per barrel. Further, the continued growth of the oil…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of 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 1.3124. Moving averages indicate a short-term bearish trend for the pair. Prices moved down from the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the pair of prices in the near future. At the moment, we should expect an attempt to develop growth and test the resistance level near the…

GOLD continue to move as part of the growth and the downward channel. At the time of the publication of the forecast, the price of GOLD is 1928 Dollars per Troy Oz. Moving averages indicate a short-term bearish 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 a correction and test the support level near the 1900 area. Where can we expect a rebound and continued growth in the price…

Silver continue to move within the framework of strong growth and were able to leave the descending channel. At the time of the forecast publication, Silver prices are at $ 23.38. Moving averages indicate a bearish trend. Prices broke up the area between the signal lines, which indicates pressure from buyers and a potential continuation of the asset’s price growth 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…