Author: forex24pro

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 63.68. Moving averages indicate a short-term downtrend. As part of the USD/RUB forecast for tomorrow, October 22, 2019, we should expect an attempt to lower and test the support level near the area of ​​63.35 Rubles per US Dollar. Then, a rebound and continued growth of the currency pair in the area above the level of…

BTC/USD are trading at 8272 and continue to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $148 934 281 022. Moving averages indicate the presence of a short-term downward trend for Bitcoin. As part of the cryptocurrency forecast for tomorrow, October 22, 2019, we should expect an attempt to increase the asset quotes and test the resistance level near the area of ​​8345. Where again we should expect a rebound and an attempt to continue the fall of the…

ETH/USD are trading at 175.56 and continue to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $19 190 674 397. Moving averages indicate the presence of a short-term downward trend in Ethereum. At the moment, we should expect an attempt to increase the value of the digital asset and test the resistance level near the area of ​​185.05. Where again we should expect a rebound and the continuation of the Ethereum rate drop with a potential…

LTC/USD are trading at 54.79 and continue to move as part of the decline and the bearish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $3 508 928 194. Moving averages indicate the presence of a short-term bearish trend for Litecoin. At the moment, we should expect an attempt to grow and test the resistance level near the area of ​​57.75. Where again we should expect a rebound and continued decline in the rate of Litecoin with a potential target below the level of 43.55. Litecoin Forecast and LTC/USD Analysis October…

XRP/USD are trading at 0.2902 and continue to move as part of the correction and the formation of the «Triangle» model. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $12 665 158 421. Moving averages indicate the presence of a short-term bullish trend for Ripple. At the moment, we should expect an attempt to depreciate the digital asset and a test of the support level near the 0.2805 area. Further, the continued growth of cryptocurrency in the region above the level of 0.3235. Ripple Forecast and XRP/USD Analysis October 22, 2019 In…

BCH/USD are trading at 233.30 and continue to move as part of the correction and the bearish channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 202 623 918. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. As part of the cryptocurrency forecast for October 22, 2019, one should expect an attempt to increase the value of the asset and test the resistance level near the area of ​​245.05. Where again we should expect a rebound and continued fall of the digital asset Bitcoin Cash with a potential…

The world’s first and only cryptocurrency exchange with the Any2Any technology has successfully completed beta testing of the third version of the quantum trading core with a built-in liquidity flow that will completely change the notion of exchange trading. Surprisingly, all modern exchanges, like hundreds of years ago, still use fixed trading pairs, which are in no way connected at the level of the trading core and the order matching system. Each orderbook only contains orders placed in a specific pair. Although hundreds of cryptocurrencies have emerged, you won’t be able to directly exchange one for another on an exchange,…

Currency pair Euro Dollar EUR/USD completes the trading week near the area of ​​1.1125. The pair continues to move within the 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 1.0545. EUR/USD Forecast and Analysis October 21 — 25, 2019 In favor of the…

BRENT complete the trading week near the area of ​​60.10 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 61.85. 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 21…

Currency pair Pound Dollar GBP/USD completes the trading week near the area of ​​1.2896. The pair continues to move in strong 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 1.2625. Further, the rebound and the beginning of the growth of the Pound/Dollar quotes to the area above the level of 1.3535. In favor of the growth of the British Pound, a test of the broken trend line on the relative strength index (RSI) will come out. The…