GOLD continue to move as part of a downward correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the price of GOLD is 1491 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. At the moment, we should expect an attempt to reduce and test the support level near the area of 1485. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of 1565. XAU/USD Forecast and GOLD analysis October 31, 2019 In favor of the rise in XAU/USD…
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.
Silver continue to move as part of the correction and the bullish channel. At the time of the publication of the forecast, the price of Silver is 17.81 Dollars. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to develop a decrease in the cost of metal and a test of the support level near the area of 17.50. Where can we expect a rebound and continued growth in the price of Silver with a target above the level of 18.65. XAG/USD Forecast Silver and Analysis October 31, 2019 In favor of the growth of…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction. Moving averages indicate the presence of a short-term bullish trend for the pair, however, prices have fixed below the level of signal lines, which indicates pressure from the bears. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6352. At the moment, we should expect an attempt to reduce and test the support level near the area of 0.6315. Further, within the framework of the forecast and…
Currency pair Dollar Franc USD/CHF continues to move as part of the correction and formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9926. Moving averages indicate the presence of a short-term bullish trend for the pair, prices returned to the area between the signal lines. At the moment, we should expect an attempt to continue the growth of the Dollar against the Franc and test the resistance area near the level of 0.9965. Then, a rebound and continued depreciation…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the formation of the «Double Bottom» reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 63.94. Moving averages indicate the presence of a short-term downtrend, prices continue to push off from signal lines, which indicates pressure from the bears. As part of the USD/RUB forecast for tomorrow, October 31, 2019, we should expect an attempt to lower and test the support level near the area of 63.35 Rubles per US Dollar.…
BTC/USD are trading at 9079 and continue to move as part of the growth. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $164 585 697 879. Moving averages indicate the presence of a short-term lateral trend for Bitcoin, prices are above the level of signal lines, which indicates pressure from the bulls. As part of the cryptocurrency rate forecast for tomorrow, October 31, 2019, we should expect an attempt to correct the asset and test the support level near the area of 8705. Where again we should expect a rebound and an attempt to continue…
ETH/USD are trading at 179.90 and continue to move as part of the correction and the downward channel. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $19 802 583 342. Moving averages indicate the presence of a short-term downward trend in Ethereum, however, prices are located above the level of signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to fall in the value of the digital asset and a test of the support level near the 160.55 area. Where again we should expect a rebound and continued growth…
LTC/USD are trading at 57.02 and continue to move as part of the correction, but remain below the upper border of the downward channel, which indicates pressure from the bears. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $3 682 635 450. Moving averages indicate the presence of a short-term bearish trend for Litecoin. At the moment, we should expect an attempt to reduce and test the support level near the area of 52.25. Where again we should expect a rebound and continued growth of the Litecoin rate with a potential target…
XRP/USD are trading at 0.2890 and continue to move as part of the growth. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $12 658 182 924. Moving averages indicate the presence of a short-term bullish trend in Ripple, which is still strong, as you can see, prices are repelled from the level of signal lines. At the moment, we should expect an attempt to reduce the digital asset and a test of the support level near the 0.2695 area. Further, the continued growth of cryptocurrency in the region above the level of…
BCH/USD are trading at 287.82 and continue to move as part of strong growth. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $5 229 823 747. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash, but the lines only crossed. As part of the cryptocurrency forecast for October 31, 2019, we should expect an attempt to correct the asset value and test the support level near the area of 260.05. Where again we should expect a rebound and continued growth of the digital asset Bitcoin Cash with a potential target…