Bitcoin Cash ends the trading week at 224.05 and continues to move as part of the fall and the beginning of the development of the «Head and Shoulders» reversal pattern. Moving averages indicate a bearish trend, which remains quite strong, as we see prices remain below the signal lines. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to raise the value of the digital asset and test the resistance area near the level of 240.05. Where again, a rebound is expected and an attempt to continue the fall 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.
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction. Moving averages indicate a short-term bullish trend for the pair. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1104. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.1045. 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 1.1275. EUR/USD Forecast Euro Dollar October 25, 2019 An additional signal in favor of raising the EUR/USD quotes will be…
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 1.2856. 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 correction. Moving averages indicate a short-term bullish trend. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6818. At the moment, we should expect an attempt to fall and test the support area near the level of 0.6785. Further, a rebound from the lower border of the channel and continued growth of quotations to the area above 0.6925. AUD/USD Forecast Australian Dollar October 25, 2019 An additional signal in favor of raising the AUD/USD pair will be…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of growth and an upward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 108.58. Moving averages indicate a short-term bullish trend for the pair. As part of the forecast for the Japanese Yen on October 25, 2019, we should expect an attempt to reduce and test the support area near the level of 107.95. Further, the rebound and continued growth of the USD/JPY pair to the area above the level…
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 $ 61.23 per barrel. Moving averages indicate a short-term downward trend in oil. 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 53.25. Brent Crude Oil Forecast and analysis October 25, 2019 In favor of falling quotes and Brent oil prices, a test of…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3071. 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 1.3135. 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 a slight growth and the formation of an inverted «Head and Shoulders» model. At the time of the publication of the forecast, the price of GOLD is 1503 Dollars per Troy Oz. Moving averages indicate the presence of a short-term lateral 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 1555. XAU/USD Forecast and GOLD analysis October 25, 2019 In…
Silver continue to move as part of the correction and formation of the «Triangle» model. At the time of the publication of the forecast, the price of Silver is 17.81 Dollars. Moving averages indicate a flat 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 25, 2019 In favor of the…
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. At the time of the publication of the FOREX forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6377. At the moment, we should expect an attempt to reduce and test the support level near the area of 0.6335. Further, within the framework of the forecast and Forex analysis for tomorrow, a rebound is expected and an attempt to continue the growth of…