Brent continue to move as part of the correction and formation of the «Wedge» model. At the time of the publication of the forecast, the price of Brent crude oil is $ 60.94 per barrel. Moving averages indicate a short-term downward trend in oil. However, prices broke through the area of signal lines, which indicates pressure from the bulls. At the moment, we should expect an attempt to grow and test the resistance level near the area of 62.15 dollars per barrel. Further, the continuation of the fall in the oil rate to the area below the level of 53.65.…
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.
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 1.3066. 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 1.3125. Further, the rebound and continued fall of the currency pair. The potential target of such a movement of the instrument on Forex quotes is the…
GOLD continue to move as part of a downward correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the price of GOLD is 1487 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. At the moment, we should expect an attempt to reduce and test the support level near the area of 1480. Where can we expect a rebound and continued growth in the price of GOLD with a target above the level of 1570. XAU/USD Forecast and GOLD analysis October 30, 2019 In favor of the rise in XAU/USD…
Silver continue to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the price of Silver is 17.76 Dollars. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to develop a decrease in the cost of metal and a test of the support level near the area of 17.55. Where can we expect a rebound and continued growth in the price of Silver with a target above the level of 20.05. XAG/USD Forecast Silver and Analysis October 30, 2019 In favor of…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of a bearish correction. Moving averages indicate the presence of a short-term bullish trend for the pair, however, prices have fixed below the level of signal lines, which indicates pressure from sellers. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6354. At the moment, we should expect an attempt to reduce and test the support level near the area of 0.6305. Further, within the framework of the forecast and…
Currency pair Dollar Franc USD/CHF continues to move as part of the correction 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 0.9940. Moving averages indicate a short-term bullish trend for the pair; prices managed to return above the signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to continue the growth of the Dollar against the Franc and test the resistance area near the level of 0.9975. Then, a rebound and continued…
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 63.85. Moving averages indicate a short-term downtrend. As part of the USD/RUB forecast for tomorrow, October 30, 2019, we should expect an attempt to lower and test the support level near the area of 63.55 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 9350 and continue to move as part of the growth. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $168 398 544 102. Moving averages indicate the presence of a short-term downward trend for Bitcoin, prices are above the level of signal lines, which indicates pressure from the bulls. As part of the cryptocurrency rate forecast for tomorrow, October 30, 2019, we should expect an attempt to correct the asset and test the support level near the area of 8735. Where again we should expect a rebound and an attempt to continue…
ETH/USD are trading at 184.24 and continue to move as part of the correction and the bearish channel. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $20 158 457 852. Moving averages indicate the presence of a short-term downward trend in Ethereum, however, prices are located above the level of signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to correct the value of the digital asset and a test of the support level near the area of 165.05. Where again we should expect a rebound and continued growth…
LTC/USD are trading at 58.53 and continue to move as part of the growth, but remain below the upper limit of the bearish channel. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $3 772 602 681. Moving averages indicate the presence of a short-term bearish trend in Litecoin, however, prices have risen above signal lines, indicating bullish pressure. At the moment, we should expect an attempt to reduce and test the support level near the area of 54.55. Where again we should expect a rebound and continued growth of the Litecoin rate with a potential…