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 1,481 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 1465. Where can we expect a rebound and continued growth in the price of Gold with a target above the level of 1565. XAU/USD Forecast and GOLD analysis October 16, 2019 In…
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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.
Silver continue to move as part of the correction and the downward channel. A «Head and Shoulders» reversal pattern is also being formed here. At the time of the publication of the forecast, the price of Silver is 17.38 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 17.65. Where can we expect a rebound and the continuation of the fall in the price of Silver with a target below the level of…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the fall. Moving averages indicate the presence of a short-term downtrend 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 0.6280. At the moment, we should expect an attempt to continue the development of the correction and test the resistance level near the area of 0.6315. Further, within the framework of the forecast and Forex analysis for tomorrow, a rebound is expected and an attempt to…
Currency pair Dollar Franc USD/CHF continues to move as part of the growth and formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the FOREX forecast, the rate of the US Dollar to the Swiss Franc is 0.9981. Moving averages indicate the presence of a short-term bullish trend for the pair, prices continue to push off from signal lines, pressure from the bulls continues. At the moment, we should expect an attempt to continue slight growth and test the resistance area near the level of 1.0010. Then, a rebound and continued depreciation of the…
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 64.21. Moving averages indicate a short-term downtrend. As part of the USD/RUB forecast for tomorrow, October 16, 2019, we should expect an attempt to lower and test the support level near the area of 63.85 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 8304 and continue to move as part of the growth and bullish channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $148 296 759 093. Moving averages indicate the presence of a short-term bearish trend in Bitcoin. As part of the forecast for the cryptocurrency rate for October 16, 2019, we should expect an attempt to increase the asset quotes and test the resistance level near the area of 8565. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin rate with a target…
ETH/USD are trading at 181.55 and continue to move as part of the correction. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $19 618 282 962. Moving averages indicate the presence of a short-term bullish trend for Ethereum, however, pressure from sellers is growing. At the moment, we should expect an attempt to reduce the value of the digital asset and test the support level near the area of 177.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of…
LTC/USD are trading at 54.63 and continue to move as part of the decline and the rising channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $3 495 858 984. 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 59.55. Where again we should expect a rebound and a continued fall in the rate of Litecoin with a potential target below 42.65. Litecoin Forecast and LTC/USD Analysis October 16, 2019…
XRP/USD are trading at 0.2885 and continue to move as part of the growth and bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $12 409 697 972. 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 0.2785 area. Further, the continued growth of cryptocurrency in the region above the level of 0.3165. Ripple Forecast and XRP/USD Analysis October 16, 2019 In favor of reducing the…
BCH/USD are trading at 224.78 and continue to move as part of the correction and the downward channel. Here the «Head and Shoulders» model is formed, as a pattern of trend continuation. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 024 016 109. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. As part of the cryptocurrency rate forecast for October 16, 2019, we should expect an attempt to correct the asset value and test the resistance level near the area of 230.05. Where again we should expect a…