BCH/USD are trading at 231.83 and continue to move as part of the growth and upward channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 166 751 407. Moving averages indicate the presence of a short-term bearish trend for Bitcoin Cash. As part of the cryptocurrency rate forecast for October 9, 2019, one should expect an attempt to increase the value of the asset and test the resistance level near the area of 240.05. Where again we should expect a rebound and continued fall of the digital asset Bitcoin Cash 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.
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the bearish channel. Moving averages indicate the presence of a short-term bearish trend for the pair, prices continue to push from the area between the lines, which indicates pressure from the bears. In general, the current trend continues for quite some time and remains strong. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0981. At the moment, we should expect an attempt to correct and test the resistance level near the area of 1.1030. Further, the rebound and continued fall of the…
Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the bullish channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2336. 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 1.2220. Where again we should expect a rebound and continued growth of quotations of the British Pound currency pair against the US Dollar. The purpose of the upward movement of the currency pair, in the framework…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the bullish correction and the downward channel. Moving averages indicate a short-term bearish trend. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6769. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6795. Further, a rebound from the upper border of the channel and continued decline in quotations to the area below 0.6585. AUD/USD Forecast Australian Dollar October 8, 2019 An additional signal in favor of reducing…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 106.83. Moving averages indicate a short-term bullish trend for the pair. Prices are still below the signal lines, indicating bearish pressure. As part of the forecast of the Japanese Yen rate on October 8, 2019, we should expect an attempt to correct and test the resistance area near the level…
Brent continue to move as part of the correction and the bearish channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 58.37 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 59.30 dollars per barrel. Further, the continuation of the fall in the oil rate to the area below the level of 51.35. Brent Crude Oil Forecast and analysis October 8, 2019 In favor of falling quotes and Brent oil…
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.…
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…