Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 63.70. Moving averages indicate the presence of a short-term downtrend, prices continue to push off from signal lines, which indicates pressure from sellers. As part of the USD/RUB forecast for tomorrow, November 8, 2019, we should expect an attempt to correct and test the resistance level near the area of 64.55 Rubles per US Dollar. Then, a rebound and continued fall…
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.
ETH/USD are trading at 184.62 and continue to move as part of the growth and downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $20 350 308 932. Moving averages indicate the presence of a short-term bullish trend for Ethereum. At the moment, we should expect an attempt to reduce the value of the coin and test the support level near the area of 172.55. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 230.05. Ethereum Forecast and…
LTC/USD are trading at 60.83 and continue to move as part of the correction. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $3 934 238 453. Moving averages indicate the presence of a short-term bullish trend in Litecoin. At the moment, we should expect an attempt to insignificant correction and a test of the support level near the area of 59.65. Where again we should expect a rebound and continued growth of the Litecoin rate with a potential target above the level of 77.75. Litecoin Forecast and LTC/USD Analysis November 8, 2019 In favor of…
XRP/USD are trading at 0.2859 and continue to move as part of the correction. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $12 533 191 942. Moving averages indicate the presence of a short-term bullish trend for Ripple. Prices fell below the level of signal lines, which indicates a pressure from sellers. At the moment, we should expect an attempt to correct the digital asset and a test of the support level near the 0.2615 area. Further, the continued growth of cryptocurrency in the region above the level of 0.3485. Ripple Forecast…
BCH/USD are trading at 288.73 and continue to move as part of the correction and the formation of the inverted «Head and Shoulders» model. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $5 298 632 784. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash, prices are above the level of signal lines, which indicates pressure from the bulls. As part of the cryptocurrency rate forecast for November 8, 2019, one should expect an attempt to correct the value of the asset and test the support level near the area…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the upward channel. Moving averages indicate the presence of a short-term bullish trend for the pair, prices again returned to the area between the signal lines, indicating a likely upward rebound from current levels. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1080. At the moment, we should expect an attempt to grow and test the resistance level near the 1.1135 area. Further, the rebound and continued fall of the Euro/Dollar currency pair. The potential target of this movement is the area…
Currency pair Pound/Dollar GBP/USD continues to move as part of a minor correction and an upward channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2878. Moving averages indicate a short-term bullish trend. At the moment, we should expect an attempt to develop the correction of the British Pound and a test of the support area near the level of 1.2765. Where again we should expect a rebound and the continuation of the rise in quotations of the British Pound currency pair against the US Dollar. The purpose of the…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth. Moving averages indicate a short-term bullish trend. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6897. At the moment, we should expect an attempt to continue growth and test the resistance area near the level of 0.6925. Further, the rebound and the beginning of the fall of quotations in the area below 0.6795. AUD/USD Forecast Australian Dollar November 7, 2019 An additional signal in favor of the fall of the AUD/USD pair will be a…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of growth and a bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 109.02. Moving averages indicate the presence of a short-term bullish trend for the pair, prices pushed from the area between the signal lines, which indicates pressure from buyers. As part of the forecast for the Japanese Yen on November 7, 2019, we should expect an attempt to reduce and test the support area near the level of…
Brent continue to move as part of the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 62.61 per barrel. Moving averages indicate a short-term bullish trend for oil. However, prices have gone far from the signal lines, which indicates pressure from the bulls. At the moment, we should expect an attempt to correct and test the support level near the area of 60.55 dollars per barrel. Further, the continued growth of the oil rate in the region above the level of 69.85. Brent Crude Oil Forecast and…