Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and upward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3309. Moving averages indicate the presence of a short-term lateral trend for the pair. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.3270. Further, the rebound and continued growth of the currency pair. The potential target of this movement of quotes is the area above the level of 1.3435.…
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.
GOLD continue to move as part of the correction and the downward channel. At the time of the publication of the forecast, the price of GOLD is 1505 Dollars per Troy Oz. Moving averages indicate a short-term downtrend. At the moment, we should expect an attempt to grow and test the resistance level near the area of 1515. Where can we expect a rebound and the continuation of the fall in the price of GOLD with a target below the level of 1440. XAU/USD Forecast and GOLD analysis October 8, 2019 In favor of reducing the XAU/USD quotes, a test…
Silver continue to move as part of a strong upward correction and a bearish channel. At the time of the publication of the forecast, the price of Silver is 17.53 Dollars. Moving averages indicate a short-term bearish trend. At the moment, we should expect an attempt to continue the growth in the value of the metal and test 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 8, 2019 In…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the downward channel. Moving averages indicate the presence of a short-term bearish 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 0.6314. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the area of 0.6365. Further, within the framework of the forecast and Forex analysis for tomorrow, a rebound is…
Currency pair Dollar Franc USD/CHF continues to move as part of the growth and upward channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9945. Moving averages indicate a short-term bullish trend for the pair. At the moment, we should expect an attempt to reduce and test the support area near the level of 0.9905. Then, a rebound and continued growth of the US Dollar against the Swiss Franc with a potential target above the level of 1.0105. USD/CHF Forecast Dollar Franc October 8, 2019 An additional…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the upward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 64.67. Moving averages indicate a bearish trend. As part of the USD/RUB forecast for tomorrow, October 8, 2019, we should expect an attempt to reduce and test the support level near the area of 64.55 Rubles per US Dollar. Then, a rebound and continued growth of the currency pair in the region above the level of 66.70. USD/RUB Forecast Russian Ruble…
BTC/USD are trading at 8002 and continue to move as part of the correction and the downward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $144 662 516 415. Moving averages indicate the presence of a short-term downward trend for Bitcoin. As part of the cryptocurrency rate forecast for tomorrow, October 8, 2019, we should expect an attempt to raise the asset quotes and test the resistance level near the area of 8505. 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 171.13 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 $18 801 286 057. Moving averages indicate the presence of a short-term downward trend in Ethereum. At the moment, we should expect an attempt to continue the correction of the digital asset and a test of the resistance level near the area of 180.05. Where again we should expect a rebound and the continuation of the Ethereum rate drop with a potential target below the level of 145.05. Ethereum Forecast…
LTC/USD are trading at 54.86 and continue to move as part of the correction and the upward channel. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $3 540 617 299. Moving averages indicate the presence of a short-term downward trend in Litecoin. At the moment, we should expect an attempt to correct and test the resistance level near the area of 57.95. 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 8, 2019 In…
XRP/USD are trading at 0.2525 and continue to move as part of the correction and the upward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $11 049 433 868. 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 test the support level near the 0.2455 area. Further, the continued growth of cryptocurrency in the region above the level of 0.2965. Ripple Forecast and XRP/USD Analysis October 8, 2019 In favor of the rise in…