Litecoin LTC/USD ends the trading week at 57.04 and continues to move as part of the correction and the downward channel. Moving averages indicate a bearish trend, which remains quite strong. At the moment, we should expect an attempt to grow and test the resistance area near the level of 62.45. Where again we should expect a rebound and an attempt to continue the fall of Litecoin with a potential target below the level of 21.65. Litecoin Forecast and Analysis November 4 — 8, 2019 An additional signal in favor of a drop in LTC/USD quotes in the current trading…
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.
Bitcoin Cash closes the trading week at 271.95 and continues to move as part of the growth and downward channel. Moving averages indicate the presence of a bearish trend, which remains quite strong, as we see prices repel from the area between the signal lines. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to reduce the value of the digital asset and test the support area near the level of 235.05. Where again, a rebound is expected and an attempt to continue the growth of Bitcoin Cash with a…
Currency pair Euro/Dollar EUR/USD continues to move as part of a slight increase. Moving averages indicate a short-term bullish trend for the pair, prices were able to push off the signal lines, which indicates pressure from buyers of the Euro. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1161. At the moment, we should expect an attempt to reduce and test the support level near the 1.1115 area. Further, the rebound and continued growth of the Euro/Dollar currency pair. The potential target of this movement is the area above the level of 1.1345. EUR/USD Forecast…
Currency pair Pound/Dollar GBP/USD continues to move as part of growth and the rising channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2941. Moving averages indicate a short-term bullish trend. At the moment, we should expect an attempt to depreciate the British Pound and test the support area near the level of 1.2635. 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 target of the upward movement of the currency pair, in…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth. Moving averages indicate the presence of a short-term bullish trend, prices have once again been able to push from the area between the signal lines, which indicates pressure from buyers. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6918. At the moment, we should expect an attempt to fall and test the support area near the level of 0.6845. Further, a rebound from the lower border of the channel and continued growth of quotations to…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the beginning of the development of the inverted «Head and Shoulders» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 108.56. Moving averages indicate the presence of a short-term bullish trend for the pair, prices are located above the signal lines, which indicates pressure from buyers. As part of the forecast of the Japanese Yen rate on November 1, 2019, we should expect an attempt to reduce…
Brent continue to move as part of the correction and formation of the «Wedge» model. At the time of the publication of the forecast, the price of Brent crude oil is $ 60.56 per barrel. Moving averages indicate a short-term lateral oil trend. However, prices broke through the area of signal lines, which indicates pressure from oil buyers. 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 53.65. Brent…
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 1.3154. Moving averages indicate the presence of a short-term bearish trend for the pair. At the moment, we should expect an attempt to continue growth and test the resistance level near the area of 1.3185. Further, the rebound and continued fall of the currency pair. The potential target of such a movement of the instrument on Forex quotes is…
GOLD continue to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the price of GOLD is 1500 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 1487. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of 1575. XAU/USD Forecast and GOLD analysis November 1, 2019 In favor of the rise in XAU/USD quotes,…
Silver continue to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the price of Silver is $17.97. 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 the price of Silver with a target above the level of 19.95. XAG/USD Forecast Silver and Analysis November 1, 2019 In favor of the…