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…
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.
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…
XRP/USD are trading at 0.2939 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 $12 939 526 389. Moving averages indicate the presence of a short-term bullish trend for Ripple, which is still strong, as we see, the bulls managed to push the price back above the level of signal lines. At the moment, we should expect an attempt to increase the fall of the digital asset and test the support level near the 0.2645 area. Further, the continued growth of cryptocurrency in the…
BCH/USD are trading at 262.20 and continue to move as part of strong growth and a bearish channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 913 986 289. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash, but prices have broken signal lines, indicating strong pressure from the bulls. As part of the cryptocurrency forecast for October 29, 2019, one should expect an attempt to correct the value of the asset and test the support level near the area of 235.05. Where again we should expect a rebound…
Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.1090. The pair continues to move within the upward correction and the bearish channel. The pair was able to update the next minimum. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to grow and test the resistance area near the level of 1.1165. 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 of 1.0810. EUR/USD Forecast and Analysis October 28 — November 1, 2019 In favor…
BRENT complete the trading week near the area of 61.37 dollars per barrel. And it continues to move within the correction and the downward channel. Moving averages indicate the presence of a downward trend, prices several times repelled from the signal lines, which indicates the strength of 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 62.25. Then a rebound and continued fall of oil to the area below the level of 50.05 dollars per barrel. BRENT oil Forecast and Analysis October 28…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.2835. The pair continues to move in the growth and downward 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 1.2665. Further, the rebound and the beginning of the growth of the Pound/Dollar quotes to the area above the level of 1.3755. GBP/USD Forecast and Analysis October 28 — November 1, 2019 In favor of the growth of the British Pound, a test of the ascending trend line on…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 63.63 Rubles per US Dollar. The pair continues to move within the correction and the bearish channel. Moving averages indicate a lateral trend. In the current trading week October 28 — November 1, 2019 we should expect an attempt to reduce and test the support area near the level of 62.45. Where can we expect a rebound and continued growth of the dollar above the level of 68.65. USD/RUB Forecast and Analysis October 28 — November 1, 2019 A rebound from the support area…