Litecoin LTC/USD closes the trading week at 52.22 and continues to move as part of the fall and the bearish channel. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to rise and test the resistance area near the level of 62.45. Where again we should expect a rebound and an attempt to start falling in Litecoin with a potential target below the level of 25.05. Litecoin Forecast and Analysis October 21 — 25, 2019 An additional signal in favor of falling LTC/USD quotes in the current trading week on October 21 — 25, 2019…
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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 ends the trading week at the level of 211.01 and continues to move as part of a slight 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 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 235.05. Where again, a rebound is expected and an attempt to continue the fall of Bitcoin Cash with a potential…
Currency pair Euro/Dollar EUR/USD continues to move in the framework of strong growth. Moving averages indicate the presence of a short-term downtrend for the pair. Prices are already trading above the level of signal lines, indicating strong pressure from the bulls. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1073. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.1050. 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.…
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 1.2864. 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 1.2765. 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 strong growth. Buyers managed to cancel the formation of the head and shoulders reversal pattern. Moving averages indicate a short-term bearish trend. However, prices have already broken through 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 0.6825. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6860. Further, the rebound from the upper border of the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of growth and a bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 108.52. Moving averages indicate a short-term bullish trend for the pair. As part of the forecast for the Japanese Yen on October 18, 2019, we should expect an attempt to reduce and test the support area near the level of 107.55. 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 and formation of the head and shoulders reversal pattern. At the time of the publication of the forecast, the price of Brent crude oil is $ 58.96 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 59.90 dollars per barrel. Further, the continuation of the fall in the oil rate to the area below the level of 52.85. Brent Crude Oil Forecast and analysis October 18, 2019 In favor of…
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 1.3199. 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 1.3175. 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 the correction and the formation of the inverted «Head and Shoulders» model. At the time of the publication of the forecast, the price of GOLD is 1,495 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend that is nearing completion. At the moment, we should expect an attempt to reduce and test the support level near the area of 1475. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of 1585. XAU/USD Forecast and GOLD analysis October 18, 2019 In…
Silver continue to move as part of the correction and the bearish channel. At the time of the publication of the forecast, the price of Silver is 17.59 Dollars. Moving averages indicate a downward trend. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the resistance level near the area of 17.70. Where can we expect a rebound and the continuation of the fall in the price of Silver with a target below the level of 16.25. XAG/USD Forecast Silver and Analysis October 18, 2019 In favor…