Ethereum ETH/USD closes the trading week at 169.51 and continues to move as part of the correction and the bearish channel. Moving averages indicate a bearish trend for ETH/USD. At the moment, we should expect an attempt to continue growth and test the resistance level near the area of 185.05. Where again we should expect a rebound and the continuation of the Ethereum rate drop with a potential target below the level of 100.05. Ethereum Forecast and Analysis October 21 — 25, 2019 An additional signal in favor of a drop in ETH/USD quotes in the current trading week October…
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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.
Ripple XRP/USD end the trading week at 0.2871 and continue to move as part of a slight growth and a downward channel. Moving averages indicate the presence of a bearish trend, prices have already repelled twice from signal lines. At the moment, we should expect an attempt to continue the development of the upward correction and test the resistance area near 0.3105. Where again we should expect a rebound and continued fall of the cryptocurrency to the area below the level of 0.1535. Ripple Forecast and Analysis October 21 — 25, 2019 In favor of the fall in XRP/USD quotes…
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…
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…