ETH/USD are trading at 172.20 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 $18 941 323 499. 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 190.05. Where again we should expect a rebound and a continuation of the Ethereum rate drop with a potential…
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.
LTC/USD are trading at 51.42 and continue to move as part of the decline and the downward channel. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $3 343 920 981. 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 53.75. Where again we should expect a rebound and continued decline in the rate of Litecoin with a potential target below the level of 44.75. Litecoin Forecast and LTC/USD Analysis October 17, 2019 In…
XRP/USD are trading at 0.2790 and continue to move as part of the growth and upward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $12 209 205 529. 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 0.2655 area. Further, the continued growth of cryptocurrency in the region above the level of 0.3255. Ripple Forecast and XRP/USD Analysis October 17, 2019 In favor of reducing the…
BCH/USD are trading at 216.25 and continue to move as part of the fall and the bearish channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $3 922 898 405. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. As part of the cryptocurrency rate forecast for October 17, 2019, one should expect an attempt to correct the asset value and test the resistance level near the area of 220.05. Where again we should expect a rebound and the continued fall of the digital asset Bitcoin Cash with a potential…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the downward channel. Moving averages indicate a short-term bullish trend for the pair. Bulls managed to push prices just above the final lines, but it’s premature to talk about the formation of a reversal. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1034. At the moment, we should expect an attempt to continue the upward correction and test the resistance level near the area of 1.1060. Further, the rebound and continued fall of the Euro/Dollar currency pair. The potential target of this…
Currency pair Pound/Dollar GBP/USD continues to move as part of strong growth and an upward channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2735. 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 1.2485. 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,…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the bearish channel. Moving averages indicate a short-term bearish trend. Sellers again managed to push prices further down. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6754. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6775. Further, the rebound from the upper border of the channel and the continuation of the fall of quotations in the area below 0.6625. AUD/USD Forecast Australian Dollar…
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 108.82. Moving averages indicate a short-term bullish trend for the pair. As part of the forecast for the Japanese Yen on October 16, 2019, we should expect an attempt to reduce and test the support area near the level of 108.35. 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 $ 59.35 per barrel. Moving averages indicate a short-term downtrend for oil, which is nearing completion. The pressure from the bulls is increasing. At the moment, we should expect an attempt to grow and test the resistance level near the area of 60.15 dollars per barrel. Further, the continuation of the fall in the oil rate to the area below the level of 53.75. Brent Crude…
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 1.3197. 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 1.3215. Further, the rebound and continued growth of the currency pair. The potential target of this movement of quotes is the area below the level of…