Currency pair Dollar Franc USD/CHF continues to move as part of the decline and the formation of the Triangle model. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9879. Moving averages indicate the presence of a short-term bearish trend for the pair. However, prices broke through the area between the signal lines, indicating strong pressure from sellers. At the moment, we should expect an attempt to develop the correction of the Dollar against the Franc and test the resistance area near the level of 0.9920. Then, a…
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/Russian Ruble USD/RUB 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 Russian Ruble is 63.73. 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 November 5, 2019, we should expect an attempt to correct and test the resistance level near the area of 63.70 Rubles per US Dollar. Then, the rebound and continued…
BTC/USD are trading at 9244 and continue to move as part of the correction. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $166 807 436 606. Moving averages indicate the presence of a short-term upward trend in Bitcoin, prices are above the level of signal lines, which indicates pressure from buyers. As part of the cryptocurrency rate forecast for tomorrow, November 5, 2019, we should expect an attempt to drop a digital asset and test the support level near the area of 8775. Where again we should expect a rebound and an attempt to continue…
ETH/USD are trading at 182.99 and continue to move as part of the correction and the bearish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $20 090 574 256. Moving averages indicate the presence of a short-term flat trend for 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 reduce the value of the digital asset and test the support level near the area of 170.05. Where again we should expect a rebound and continued…
LTC/USD are trading at 59.40 and continue to move as part of the growth, but remain below the upper border of the bearish channel, which indicates slight pressure from the bears. A good signal to continue the upward movement will be a breakdown of the upper boundary of the channel and closing above 64.05. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $3 842 650 598. 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…
XRP/USD are trading at 0.2903 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 $12 720 652 156. 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 between the signal lines. At the moment, we should expect an attempt to correct the digital asset and a test of the support level near the 0.2795 area. Further, the continued growth of cryptocurrency in the region above the level…
BCH/USD are trading at 290.61 and continue to move as part of the growth. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $5 267 845 046. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash, prices are above the level of signal lines, which indicates the strength of the bulls. As part of the cryptocurrency rate forecast for November 5, 2019, one should expect an attempt to correct the asset value and test the support level near the area of 265.05. Where again we should expect a rebound and continued…
Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.1168. The pair continues to move within the correction and the bearish channel. The pair was able to update another local maximum, which indicates pressure from buyers. Moving averages indicate a bearish trend, prices are still testing the area between the signal lines. At the moment, we should expect an attempt to grow and test the resistance area near the level of 1.1215. Where is the rebound expected and the continuation of the fall of the Euro/Dollar. A potential reduction target is the area below the level…
BRENT complete the trading week near the area of 60.71 dollars per barrel. And it continues to move within the correction and the bearish channel. Moving averages indicate a downward trend; prices have repelled several times from signal lines, which indicates pressure from sellers. At the moment, we should expect an attempt to continue the development of the upward correction and test the resistance area near the level of 62.05. Then a rebound and continued fall of oil to the area below the level of 50.35 dollars per barrel. BRENT oil Forecast and Analysis November 4 — 8, 2019 An…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.2946. The pair continues to move in the framework of growth and a bearish channel. Moving averages indicate a bearish trend. At this, we should expect an attempt to develop a decline and test the support area near the level of 1.2705. Further, the rebound and the beginning of the growth of the Pound/Dollar quotes to the area above the level of 1.3805. GBP/USD Forecast and Analysis November 4 — 8, 2019 In favor of the growth of the British Pound, a test of a downward trend…