Author: forex24pro

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 1890 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines downward, 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 1905 area. Where can we expect a rebound and the continued fall in the price…

Silver continue to move within the fall and the descending channel. At the time of the publication of the forecast, Silver prices are at $ 23.90. Moving averages indicate a bearish trend. Prices went down the area between the signal lines, 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 the growth in the value of the metal and a test of the resistance level near the area of ​​24.45. Where can we expect a rebound and…

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 bearish trend for the pair. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall of the instrument. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6582. At the moment, we should expect an attempt…

Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the upward channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9180. Moving averages indicate a short-term bullish trend for the pair. However, 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 already from current levels. At the moment, we should expect an attempt to develop a correction in the US Dollar rate against the Swiss…

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 77.43. Moving averages indicate a short-term bullish trend. Prices moved up from 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 9, 2020, we should expect an attempt to develop a downward…

BTC/USD are traded at 10599 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 $ 196 446 404 491. 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 9, 2020, we…

ETH/USD are traded at 336.00 and continue to move as part of the correction and the formation of the “Triangle” pattern. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $38 156 406 061. 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 formation of another “Triangle” pattern. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 016 202 507. Moving averages indicate a short-term bearish trend for Litecoin. Prices are testing the area between the signal lines, 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 support level…

XRP/USD are trading at 0.2417 and continue to move within the correction and the upward channel. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $11 048 768 719. 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 0.2355 area.…

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 3419. At the moment, we should expect an attempt to develop a downward correction and test the support level near the 3385 area. Where can we expect a rebound and continued growth in the S&P 500 quotes to the area above the level of 3505. S&P 500 Forecast and Analysis October 9, 2020 An additional signal in favor of raising the stock index quotes will be a test of…