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 $ 61.52 per barrel. Moving averages indicate a short-term downward trend in oil, but prices have broken through the signal line area, which indicates pressure from the bulls. At the moment, we should expect an attempt to grow and test the resistance level near the area of 62.15 dollars per barrel. Further, the continuation of the fall in the oil rate to the area below the level of 54.05. Brent Crude Oil Forecast and analysis…
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.
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the bearish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3059. Moving averages indicate the presence of a short-term bearish trend for the pair. At the moment, we should expect an attempt to grow and test the resistance level near the area of 1.3095. Further, the rebound and continued growth of the currency pair. A potential target of this movement of quotes is the area below the level of…
GOLD continue to move as part of the growth and upward channel. At the time of the publication of the forecast, the price of GOLD is 1506 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 29, 2019 In favor of raising the XAU/USD quotes, a test of the broken…
Silver continue to move as part of the growth and bullish channel. At the time of the publication of the forecast, the price of Silver is 18.03 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 17.65. Where can we expect a rebound and continued growth in Silver prices with a target above the level of 19.65. XAG/USD Forecast Silver and Analysis October 29, 2019 In favor of the growth of quotes and prices…
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. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6354. At the moment, we should expect an attempt to reduce and test the support level near the area of 0.6305. Further, within the framework of the forecast and FOREX analysis for tomorrow, a rebound…
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 0.9954. Moving averages indicate the presence of a short-term bullish trend for the pair, prices managed to return above the signal lines, which indicates pressure from the bulls. At the moment, we should expect an attempt to increase the dollar against the Franc and test the resistance area near the level of 0.9975. Then, a rebound and…
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 63.56. Moving averages indicate a short-term downtrend. As part of the USD/RUB forecast for tomorrow, October 29, 2019, we should expect an attempt to reduce and test the support level near the area of 63.45 Rubles per US Dollar. Then, a rebound and continued growth of the currency pair in the region above the level of…
BTC/USD are trading at 9411 and continue to move as part of the growth. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $169 751 003 117. Moving averages indicate the presence of a short-term downward trend for Bitcoin, prices rose above the level of signal lines, which indicates pressure from buyers. As part of the cryptocurrency rate forecast for October 29, 2019, we should expect an attempt to correct the asset and test the support level near the area of 8795. Where again we should expect a rebound and an attempt to continue the growth…
ETH/USD are trading at 180.93 and continue to move as part of strong growth and a bearish channel. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $20 074 475 825. Moving averages indicate the presence of a short-term downward trend in Ethereum, but prices were able to rise above the level of signal lines, indicating pressure from the bulls. At the moment, we should expect an attempt to correct the value of the digital asset and a test of the support level near the area of 165.05. Where again we should expect a rebound and…
LTC/USD are trading at 58.46 and continue to move as part of the correction and the bearish channel. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $3 784 592 229. Moving averages indicate the presence of a short-term bearish trend in Litecoin, but prices have risen above signal lines, indicating pressure from buyers. At the moment, we should expect an attempt to fall and test the support level near the area of 53.45. Where again we should expect a rebound and continued growth of the Litecoin rate with a potential target above the level of…