USD/BRL Price Forecast Q4 2020: The Crash Is Not Over For the BRL

Brazil is one of the BRICK emerging economies and as such, its currency has been on a constant decline, comparable to the decline in the Russian Ruble or the Indian Rupee. USD/BRL was trading at around $ 1.50 a decade ago, but in May this year it reached $ 6, after surging $ 2 in the first several months of this year, as increasing global tensions and the covid situation turned the sentiment massively negative.

Risk sentiment took a big hit, sending emerging market currencies diving lower. The risk sentiment improved somewhat during summer and this pair retreated lower below $ 5, but buyers have come back into play and the price in USD/BRL is heading back up for $ 6, so we think that we will see record highs again in USD/BRL. Continue reading “USD/BRL Price Forecast Q4 2020: The Crash Is Not Over For the BRL” →

Corn Price Forecast: In-Depth Technical Analysis & Trends

Daily Price Prediction: $438.25

Weekly Price Prediction: $442.08

Prices Forecast: Technical Analysis

For the daily forecast, Corn is expected to close around $438.25, with a potential range between $431.42 and $445.92. The weekly forecast suggests a closing price near $442.08, with a range from $427.58 to $449.33. The RSI at 37.3989 indicates a bearish trend, suggesting potential downward pressure. The ATR of 8.8373 reflects moderate volatility, while the ADX at 17.5573 suggests a weak trend. The MACD line is below the signal line, reinforcing bearish sentiment. These indicators, combined with the pivot point at $438.67, suggest Corn may face resistance in moving higher, with potential support around $434.83.

Fundamental Overview and Analysis

Corn’s recent price trends show a slight decline, influenced by macroeconomic factors such as global demand and supply chain disruptions. The Caixin Manufacturing PMI in China, a major consumer of corn, indicates a slight improvement, which could support demand. However, the Eurozone’s stable unemployment rate and inflation suggest limited economic growth, potentially affecting corn prices. Investor sentiment appears cautious, with traders closely monitoring economic indicators. Opportunities for growth exist in expanding markets and technological advancements in agriculture. However, risks include market volatility and regulatory changes. Currently, Corn seems fairly priced, with potential for both upward and downward movements depending on economic developments.

Outlook for Corn

The future outlook for Corn is mixed, with short-term price movements likely influenced by economic conditions and supply-demand dynamics. Historical price movements show moderate volatility, with recent declines suggesting caution. In the short term (1 to 6 months), Corn may experience slight fluctuations, with potential support from improving manufacturing indices. Long-term forecasts (1 to 5 years) depend on global economic recovery and technological advancements in agriculture. External factors such as geopolitical tensions or climate change could significantly impact prices. Overall, Corn’s outlook remains uncertain, with potential for both growth and challenges.

Technical Analysis

Current Price Overview: The current price of Corn is $438.25, slightly below the previous close of $440.25. Over the last 24 hours, prices have shown a downward trend with moderate volatility. Support and Resistance Levels: Key support levels are at $434.83, $431.42, and $427.58, while resistance levels are at $442.08, $445.92, and $449.33. The pivot point is $438.67, with Corn trading slightly below it, indicating potential bearish sentiment. Technical Indicators Analysis: The RSI at 37.3989 suggests a bearish trend. The ATR of 8.8373 indicates moderate volatility. The ADX at 17.5573 shows a weak trend. The 50-day SMA and 200-day EMA do not show a crossover, suggesting no significant trend change. Market Sentiment & Outlook: Sentiment is currently bearish, with prices below the pivot and RSI indicating downward pressure. The lack of moving average crossover and moderate ATR-based volatility support this view.

Forecasting Returns: $1,000 Across Market Conditions

Investing $1,000 in Corn under different market scenarios can yield varying returns. In a Bullish Breakout scenario, a 10% price increase could raise the investment to approximately $1,100. In a Sideways Range, with a 0% change, the investment remains at $1,000. In a Bearish Dip, a 10% decrease could reduce the investment to around $900. These scenarios highlight the importance of market conditions on investment outcomes. Investors should consider current market sentiment and technical indicators before making decisions. Practical steps include monitoring economic indicators and adjusting positions based on market trends.

Scenario	Price Change	Value After 1 Month
Bullish Breakout	+10% to ~$482.08	~$1,100
Sideways Range	0% to ~$438.25	~$1,000
Bearish Dip	-10% to ~$394.43	~$900

FAQs

What are the predicted price forecasts for the asset?

The daily forecast for Corn suggests a closing price around $438.25, with a range between $431.42 and $445.92. The weekly forecast indicates a closing price near $442.08, with a range from $427.58 to $449.33.

What are the key support and resistance levels for the asset?

Key support levels for Corn are at $434.83, $431.42, and $427.58. Resistance levels are at $442.08, $445.92, and $449.33. The pivot point is $438.67, with Corn trading slightly below it.

Disclaimer

In conclusion, while the analysis provides a structured outlook on the asset’s potential price movements, it is essential to remember that financial markets are inherently unpredictable. Conducting thorough research and staying informed about market trends and economic indicators is crucial for making informed investment decisions.

Tezos Price Prediction Q4 2020: Missing Out on Recent Demand in Cryptos

Tezos (XTZ), which ranks 18th by market capitalization, at around $ 1.55 billion as of November 15th 2020, started life in the middle of 2018, which was not the best time for cryptocurrencies, since the digital currency market was in the middle of a major pullback, after the surge at the end of 2017. As a result, it followed the main cryptos down in the first few months of its life, losing more than 90% of its value until December of that year.

But, it came back to life in 2019, as its use increased and the cryptocurrency market started to revive once again, and in August 2020, it reached $ 4.38. However, it didn’t benefit from the surge in the digital currency market during October and November, when Bitcoin and other cryptos surged higher, which raises questions. But the 20 SMA is holding as support on the monthly chart, and there are some fundamental developments going on for Tezos, so hopefully the bullish momentum will resume, although it’s not all that certain right now.

Read the latest Update at the Tezos (XTZ/USD) Price 2021 Forecast

Where to buy Tezos Click Here

Recent Changes in the Tezos Price

Period	Change ($)	Change %
30 Days	+0.44	+19.9%
3 Months	-0.92	-25.8%
6 Months	-0.16	-5.7%
1 Year	+1.32	+100%
3 Years	-1.36	-0.34%

Factors Affecting Tezos

As with all other cryptocurrencies, Tezos is affected by the sentiment in the crypto market, although, in recent months, it has fallen behind other major altcoins, which have been surging higher, while the XTZ/USD has pulled back lower, trading at around $ 2. Besides that, the fundamentals behind the network are a bit brighter, as Tezos is partnering with certain banks in Europe, with the aim of becoming the blockchain of choice for major European central banks. But, it remains to be seen how that will go, because the reaction of the markets to the news wasn’t too optimistic.

Tezos Forecast: Q4 2020

Tezos Forecast: 1 Year

Tezos Forecast: 3 Years

Price: $ 2.80

Price drivers: Crypto market sentiment, Technicals

Price: $ 3.40-3.60

Price drivers: Entering the central banks market, Tezos development, Crypto market

Price: $ 8-10

Price drivers: Evolving in Tezos, Crypto market sentiment

Tezos Live Chart

[[Tezos-graph]]

Tezos Price Prediction for the Next 5 Years

Recent Developments for Tezos

The Tezos network uses a Proof-of-Stake (POS) mechanism, which Ethereum is also adopting now, since it is simpler to use than the Proof-of-Work (PoW) and requires less energy. The Tezos network is a decentralized smart contract and application network. It has an on-chain governance layer, in order to enable efficient network upgrades and provide a transparent stakeholder community.

But Tezos might have fallen out of demand to some degree, as the DeFi coins have become more widespread. However, there are some developments, which might make the Tezos network pretty popular in Europe. Earlier in 2020, Banque de France announced that French investment bank Societe Generale as well as other organizations, will be working on a project to conduct interbank settlements in Europe, using a Central Bank Digital Currency. This could be big news if it materializes, although the reaction so far has been minimal, as we saw back then, which suggests that traders are not very optimistic about it, although it is still a bit early to tell.

Technical Analysis – Will Moving Averages Keep Pushing the XTZ/USD Down?

Tezos started life at a bad time, at the end of June 2018, when the cryptocurrency market was making its great descent, after the major surge in late 2017. It started off at around $ 4 and climbed to $ 4.38, but then started to decline, falling to $ 0.325 by December of that year, where it remained for a few months, forming several small doji candlesticks, which are bullish reversing signals, after the decline. The price reversed higher at the beginning of 2019 and has been on a bullish trend since then.

The bullish trend is resuming again in Tezos

The 20 SMA (gray) provided resistance for a month in December 2019, but it was broken in January 2020, turning into support immediately. It held for a second time in March, when the coronavirus broke out, which sent the crypto market diving lower, due to the uncertainty. But later, the global uncertainty turned out to be positive for digital currencies, and the XTZ/USD climbed to $ 4.33 by August. However, the increase didn’t follow the rest of the market in the following months, and the price reversed lower, falling to the 20 SMA on the monthly chart once again. The 20 SMA is still holding, which is a good sign for buyers.

November’s bullish move still look pretty weak

On the weekly chart we see that the 20 SMA was providing resistance when the price was declining, but it was broken in early 2019, soon before the 50 SMA (yellow). The 50 SMA turned into support, and it held after the big decline in March 2020. It held again for several weeks in September/October but was eventually broken, although the 100 SMA (green) turned into support. But, the bounce doesn’t seem too convincing, since the 50 SMA has turned into resistance on this chart, so according to the weekly chart, the future is not very certain right now, as the price is stuck between these 2 MAs at the moment.

USD/NGN Price Forecast Q4 2020: The CBN Expected to Raise the Peg Again

Daily Price Prediction: 1585 NGN

Weekly Price Prediction: 1583 NGN

Prices Forecast: Technical Analysis

For the USD/NGN, the daily closing price is predicted to be around 1585 NGN, with a range between 1576 NGN and 1592 NGN. The weekly closing price is expected to be approximately 1583 NGN, with a range from 1577 NGN to 1589 NGN. The RSI at 43.482 suggests a bearish trend, indicating potential downward pressure. The ATR of 8.6835 points to moderate volatility, which could lead to price fluctuations within the predicted range. The ADX at 26.2976 indicates a weak trend, suggesting that significant price movements are unlikely in the short term. The MACD line is negative, reinforcing the bearish sentiment. Overall, the technical indicators suggest a cautious outlook with potential for slight declines.

Fundamental Overview and Analysis

Recently, the USD/NGN has shown a downward trend, reflecting broader economic challenges. Factors such as Nigeria’s inflationary pressures and currency devaluation concerns are influencing the asset’s value. Market participants are wary, given the macroeconomic instability and regulatory uncertainties. Opportunities for growth may arise from potential economic reforms and increased foreign investment. However, risks include persistent inflation, regulatory hurdles, and geopolitical tensions. The current valuation appears slightly overvalued, considering the economic backdrop. Investors should remain cautious, as the asset faces significant headwinds that could impact its performance.

Outlook for USD/NGN

The future outlook for USD/NGN suggests a continuation of current trends, with potential for further depreciation. Historical price movements indicate a bearish trend, with volatility driven by economic data releases and geopolitical events. Key factors influencing the price include Nigeria’s economic policies, global oil prices, and US monetary policy. In the short term (1 to 6 months), the price may continue to decline, potentially reaching lower support levels. Long-term forecasts (1 to 5 years) depend on Nigeria’s economic reforms and global economic conditions. External factors such as geopolitical tensions or market crashes could significantly impact the asset’s price. Investors should monitor economic indicators and policy changes closely.

Technical Analysis

Current Price Overview: The current price of USD/NGN is 1585.15 NGN, slightly lower than the previous close of 1585.72 NGN. Over the last 24 hours, the price has shown a slight downward trend with moderate volatility. Support and Resistance Levels: Key support levels are at 1581.52 NGN, 1577.9 NGN, and 1576.08 NGN. Resistance levels are at 1586.96 NGN, 1588.78 NGN, and 1592.4 NGN. The pivot point is 1583.34 NGN, and the asset is trading slightly above it, indicating a neutral to bearish sentiment. Technical Indicators Analysis: The RSI at 43.482 suggests a bearish trend. The ATR of 8.6835 indicates moderate volatility. The ADX at 26.2976 shows a weak trend. The 50-day SMA and 200-day EMA do not show a crossover, suggesting no significant trend change. Market Sentiment & Outlook: Sentiment is currently bearish, as indicated by the price action relative to the pivot, the RSI, and the ADX. The lack of a moving average crossover and moderate ATR-based volatility further support this view.

Forecasting Returns: $1,000 Across Market Conditions

The table below outlines potential returns on a $1,000 investment in USD/NGN under different market scenarios. In a Bullish Breakout scenario, a 5% increase could raise the investment to approximately $1,050. In a Sideways Range scenario, the investment might remain around $1,000, reflecting minimal price change. In a Bearish Dip scenario, a 5% decrease could reduce the investment to about $950. These scenarios highlight the importance of market conditions in determining investment outcomes. Investors should consider their risk tolerance and market outlook when deciding to invest in USD/NGN.

Scenario	Price Change	Value After 1 Month
Bullish Breakout	+5% to ~$1,050	~$1,050
Sideways Range	0% to ~$1,000	~$1,000
Bearish Dip	-5% to ~$950	~$950

FAQs

What are the predicted price forecasts for the asset?

The daily closing price for USD/NGN is predicted to be around 1585 NGN, with a range between 1576 NGN and 1592 NGN. The weekly closing price is expected to be approximately 1583 NGN, with a range from 1577 NGN to 1589 NGN.

What are the key support and resistance levels for the asset?

Key support levels for USD/NGN are at 1581.52 NGN, 1577.9 NGN, and 1576.08 NGN. Resistance levels are at 1586.96 NGN, 1588.78 NGN, and 1592.4 NGN. The pivot point is 1583.34 NGN, with the asset trading slightly above it.

Disclaimer

Soybean Price Forecast Q4 2020: Buyers in Charge, as the 100 Monthly SMA Breaks

Soybeans, which are a commodity, like corn and wheat, were very volatile for about a decade, from 2003 until 2013. There were some massive surges, followed by major declines, for a number of reasons that we will explain below, as there were times in 2012 when US soybean futures reached the $ 1780s. The price action in soybean futures has been much calmer in the last decade, with a bias to the downside, as has been the case with most commodities.

The US-China trade war hasn’t helped the situation, but since June we have seen a surge in soybean prices, with soybean futures: ZS gaining around $ 350 and breaking above moving averages, which paints a really bullish picture for the near future, although there’s another major level to be breached at $ 1,200, if the bullish momentum is to continue.

Recent Changes in the Soybean Price

Period	Change ($)	Change %
30 Days	+111	+10.4%
3 Months	+348	+41.8%
6 Months	+283	+31.4%
1 Year	+318	+36.8%
3 Years	+712	+155%

Factors Affecting Soybean Prices

Supply and demand are the main factors that determine whether a commodity will appreciate or depreciate. The supply side is decided by production, mainly in the US and Brazil, and to a lesser degree in Argentina, China and India. Most of these countries are under the influence of El Nino/El Nina, so the weather conditions have a major impact on production and supply. The demand is usually driven by consumption in Chinese animal husbandry, as soya is used as both animal feed and biofuels.

Soybean Forecast: Q4 2020

Soybean Forecast: 1 Year

Soybean Forecast: 3 Years

Price: $ 84 – $ 1,200

Price drivers: Choppy Trading Range, Boosted safe-haven appeal in gold, Bullish Bitcoin (positive correlation).

Price: $ 1,000

Price drivers: Bullish Breakout, Double Bottom Support

Price: $ 1,300-1,400

Price drivers: Completion of W Pattern, ABCD Pattern completion, Bounce of Over Fibonacci 61.8% Support

Soybean Live Chart

[[Soybean-graph]]

Soybean Price Prediction for the Next 5 Years

Similar to corn and wheat, soybean production is dependent on weather. But the main producing countries are on the East Coast of the Americas, such as the US, Brazil and Argentina, making them subject to the effects of La Nina,which is similar to El Nino on the Pacific West Coast. This affects crop production. The predictions are that the Americas will have a cold dry season, due to these weather phenomena, which is one of the reasons for the soybean price turning really bullish in the last few months. But this is a seasonal factor rather than a long-lasting one.

The demand from China is another major factor, since meat production has surged in China in the past 3 decades and it will continue to do so, as the country develops further. The Chinese economy fell into recession in early 2020, due to the coronavirus, but it has been recuperating quite well since late Q2, meaning that the meat and soybean consumption has increased, leading to higher soybean prices since June. The pace of economic recovery is increasing, so the demand will be high from China.

Soybean is also used for biofuels, just like corn. This means that when the crude oil price increases, the demand for alternative fuels increases as well, as does the demand for soybeans, which leads to higher prices again. The increase in crude oil prices has pulled corn and soybean prices higher, although the new round of lock-downs in the fall might have a negative impact on the global economy and the fuel demand, but that won’t last forever, I hope. The US Dollar is also a factor, since soybeans are traded in USD, meaning that when the USD weakens, the soybean price increases. The USD has been quite weak since March, which is another reason for agricultural products, like soybeans, being bullish.

Technical Analysis – Will the Recent Surge End at the 50 SMA for Soybean Prices?

Judging from the monthly chart, US Soybean future prices traded sideways in the 1990s. This trend continued until 2006, but the bias was to the upside, as can be seen from the jumps in 1997 and 2003-04. But the price came back down eventually, since the reasons for the jumps didn’t have any long-lasting effects. But the real surge started in 2006, and Soybean prices increased to $ 1,660s. But the reversal back down came right before the global financial crisis in 2008, signaling that something big was coming. The decline ended at the moving average on the monthly chart, and the bullish momentum picked up again, sending US Soybean futures :ZS to $ 1,790 by 2012.

All moving averages have been broken now

The bullish times have been over for commodities since 2011-12, and we saw the price reversing in 2012. But the major decline came in 2014, as the USD turned bullish that year. But the 200 SMA (purple) held as support for soybean prices, at around $ 850, and the price bounced off that moving average on the monthly chart. The bounce stretched until $ 1,200 and stayed there, remaining bearish from then until Q2 of 2020. The 50 SMA (yellow) provided resistance in 2018, and throughout 2019 the 200 SMA acted as resistance. But, in H2 of 2020 the price turned bullish for the reasons mentioned above, and it has broken above the moving averages, although it is now facing the previous resistance at $ 1,200.

The bullish move is getting momentum

On the weekly chart, the 200 SMA has been keeping the pressure down for US soybean futures, providing resistance during pullbacks higher since 2018. At the bottom, a support area has formed around $ 800, where the price has held several times. However, since June, the price has surged, breaking all moving averages, and it is heading towards $ 1,200 at the moment. If soybean futures break that level, the bullish momentum will continue further. Otherwise, we might see a pullback to the 200 SMA.

USD/RUB Price Forecast Q4 2020: Is the Rubble Heading for Record Highs?

Daily Price Prediction: 79.10 RUB

Weekly Price Prediction: 79.00 RUB

Prices Forecast: Technical Analysis

For the USD/RUB, the daily closing price is predicted to be around 79.10 RUB, with a range between 78.55 RUB and 79.78 RUB. The weekly closing price is anticipated to be approximately 79.00 RUB, with a range from 78.50 RUB to 79.80 RUB. The RSI is currently at 44.81, indicating a neutral to slightly bearish sentiment. The ATR at 1.79 suggests moderate volatility, while the ADX at 32.31 shows a weak trend strength. The MACD line is below the signal line, reinforcing a bearish outlook. The economic calendar shows stable unemployment rates in the Eurozone and a slight decrease in job openings in the US, which could impact the USD/RUB pair. Overall, the technical indicators suggest a cautious approach, with potential for slight downward pressure.

Fundamental Overview and Analysis

Recently, the USD/RUB has shown a downward trend, reflecting broader market concerns and geopolitical tensions. The pair’s value is influenced by factors such as oil prices, given Russia’s significant role in global energy markets, and US economic indicators like job openings. Investor sentiment appears cautious, with a focus on macroeconomic stability and geopolitical developments. Opportunities for growth may arise from improved economic conditions in Russia or increased demand for the ruble. However, risks include potential sanctions, market volatility, and fluctuations in oil prices. Currently, the USD/RUB seems fairly priced, with no significant overvaluation or undervaluation detected.

Outlook for USD/RUB

The future outlook for USD/RUB suggests a continuation of current trends, with potential for moderate fluctuations. Historical price movements indicate a gradual decline, influenced by geopolitical events and economic data. Key factors likely to impact the pair include US economic performance, Russian economic policies, and global oil prices. In the short term (1 to 6 months), the pair may experience slight downward pressure, with potential stabilization if economic conditions improve. Long-term forecasts (1 to 5 years) depend on geopolitical stability and economic growth in both countries. External factors such as sanctions or major economic shifts could significantly alter the pair’s trajectory.

Technical Analysis

Current Price Overview: The current price of USD/RUB is 79.235, slightly above the previous close of 79.235. Over the last 24 hours, the price has shown limited movement, indicating low volatility.
Support and Resistance Levels: Key support levels are at 78.96, 78.69, and 78.55, while resistance levels are at 79.37, 79.51, and 79.78. The pivot point is at 79.1, with the asset trading slightly above it, suggesting a neutral to slightly bullish sentiment.
Technical Indicators Analysis: The RSI at 44.81 suggests a neutral trend. The ATR at 1.79 indicates moderate volatility. The ADX at 32.31 shows weak trend strength. The 50-day SMA is above the 200-day EMA, indicating a potential bullish crossover.
Market Sentiment & Outlook: Sentiment is currently neutral, with price action near the pivot, a neutral RSI, and weak ADX. The moving average crossover suggests potential bullish momentum, but ATR indicates moderate volatility.

Forecasting Returns: $1,000 Across Market Conditions

Investing $1,000 in USD/RUB under different market scenarios can yield varying returns. In a Bullish Breakout scenario, a 5% increase could raise the investment to ~$1,050. In a Sideways Range, the investment might remain around ~$1,000. In a Bearish Dip, a 5% decrease could lower the investment to ~$950. These scenarios highlight the importance of market conditions on investment outcomes. Investors should consider current trends and potential risks before making decisions. Diversification and risk management strategies are recommended to mitigate potential losses.

Scenario	Price Change	Value After 1 Month
Bullish Breakout	+5% to ~$83.20	~$1,050
Sideways Range	0% to ~$79.20	~$1,000
Bearish Dip	-5% to ~$75.20	~$950

FAQs

What are the predicted price forecasts for the asset?

The daily closing price for USD/RUB is predicted to be around 79.10 RUB, with a range between 78.55 RUB and 79.78 RUB. The weekly closing price is anticipated to be approximately 79.00 RUB, with a range from 78.50 RUB to 79.80 RUB.

What are the key support and resistance levels for the asset?

Key support levels for USD/RUB are at 78.96, 78.69, and 78.55, while resistance levels are at 79.37, 79.51, and 79.78. The pivot point is at 79.1, with the asset trading slightly above it.

What are the main factors influencing the asset’s price?

The main factors influencing USD/RUB include US economic performance, Russian economic policies, global oil prices, and geopolitical events. Economic indicators like job openings and unemployment rates also play a role.

What is the outlook for the asset in the next 1 to 6 months?

In the next 1 to 6 months, USD/RUB may experience slight downward pressure, with potential stabilization if economic conditions improve. Key influences include US economic data, Russian policies, and global oil prices.

Disclaimer

USD/CAD Price Forecast Q4 2020: Is the Uptrend Going to Resume Soon?

Trading in the [[USD/CAD]] was bullish during the first half of the past decade, but since 2016 this pair has been consolidating sideways. However, lows have been getting higher during this period, which indicates buying pressure in the long term. In Q1 of this year, buyers had a decent attempt at trying to resume the long-term bullish trend, pushing the price 17 cents higher, with some help from the coronavirus breakout as well, which gave the USD a massive push higher.

But the reversal in the USD, which turned massively bearish, sent this pair back down, and it lost all the gains of Q1. But the decline stopped at the 100 SMA on the monthly chart in September, which has been acting as support since 2017, and we have seen a bounce in the last two months. This suggests that the pullback is over and the bullish reversal is coming, but it remains to be seen whether buyers will be able to break above the range of the last 4 to 5 years.

Read the latest Update at the USD/CAD Price 2021 Forecast

Current [[USD/CAD-name]] Price: [[USD/CAD-price]]

Recent Changes in the USD/CAD Price

Period	Change ($)	Change %
30 Days	-$ 0.026	-1.9%
6 Months	–$ 0.195	-13.8%
1 Year	–$ 0.010	–1.0%
5 Years	–$ 0.022	-1.6%
Since 2000	-$ 0.140	-9.7%

USD/CAD Live Chart

[[USD/CAD-graph]]

Factors Affecting the USD/CAD

As with every forex pair, there are two sides to this coin when analyzing it. The USD is surely affected by fundamentals, which look positive right now, apart from the coronavirus issue. But restrictions there are light, compared to Canada which has closed certain services since early October. Crude oil is an important factor for the CAD, which has benefited from it, but the future is not co certain. The FED is not hiking interest rates soon, while the BOC might ease further. The technical analysis, which we will cover in-depth below, also points up for this pair, so the future looks bullish for the USD/CAD. Wed have had quite a few forex signals in this pair during this year.

USD/CAD Forecast Q4 2020: 1.35	USD/CAD Forecast 1 Year: 1.40	USD/CAD Forecast 3 Years: 1.40-45
Price Drivers: Post US elections, Risk sentiment, Oil price, Covid-19	Price Drivers: Global politics, Both Economies, Global economy, Technical analysis	Price Drivers: Oil price, Fundamentals in US and Canada, Global politics

The Canadian Dollar Price Prediction for the Next 5 Years

Will the USD Bullish Reversal Continue After the Elections?

The US Dollar was on a bullish trend for years, with the US economy growing at a decent pace, and it surged initially when the coronavirus broke out, but it has turned quite bearish since March, hence the reversal down in the USD/CAD, from 1.4670 to 1.30, by the end of August.

However the USD has reversed in the last week leading up to the US presidential elections, and the odds are that it might continue to climb higher after the elections, despite who wins. Nancy Pelosi is against raising corporate taxes, as Joe Biden mentioned before, which will be positive for the USD if he wins. Also, after comments from certain republicans, chances are high for a skinny government fiscal package. The elections which we covered in our economic calendar, are heading towards the next phase now.

Some economists predict that the FED is likely to stay on hold for a long time, but if there is a new wave of optimism after the elections, the economy will boom further, so I don’t agree with them. This means that the USD will continue its bullish reversal of the previous week and probably resume the decade-long bullish trend.

Canadian Economy Heading for Another Recession?

The US economy doesn’t seem much affected by the coronavirus anymore, but in Canada we have seen restrictions increasing in recent weeks, with bars, restaurants etc. shutting down again, which came after a weak rebound in summer. This will take its toll on the consumer sentiment, which will translate into a weaker economy.

Crude oil has been helping the CAD, as it has made a remarkable comeback since April, when US [[WTI]] tumbled to $ -37.50 and then climbed to $ 43.50 by the end of August. But, it turned bearish in September, and after consolidating for several weeks, it resumed the decline towards the end of October. This doesn’t help the CAD, and if the global economy turns softer again, due to coronavirus restrictions in winter, then the demand for oil will fall further, which will help the [[USD/CAD]] move higher.

The fundamentals were already showing a weakening of the economy in Canada in September, so the economy is likely to head into another recession. The winter is also coming, which is pretty harsh in Canada, and this will add further to the economic freeze. The Bank of Canada is pretty bearish, like most major central banks at this time, but unlike the FED, which will at least remain on hold, the BOC might even ease the monetary policy further. This also goes in favor of the USD/CAD bulls.

USD/CAD Technical Analysis – The Bounce off Moving Averages has Already Started

The 1.30 area is still holding as support for USD/CAD

In the early 2000s, the USD/CAD was trading at around 1.60, but that decade turned out to be quite bearish, with the price diving to 0.90. During the financial crisis in 2008-09 we saw a surge to 1.30s, but then the USD/CAD turned bearish again, falling below parity. The last decade started off bullishly for this pair, but the climb ended at around 1.47, and in the second half of the decade, we have mostly seen consolidation, although, the lows have been getting higher since 2017, when the 50 SMA (yellow) turned into support, pushing the lows up since then. At the top, the resistance at 1.47 remains though. In the last two months we have seen the price bounce off the 50 SMA, which indicates that the bearish move is over and buyers will take control in the coming months. The stochastic indicator also confirms this, since it is overbought and turning up now.

The 200 SMA is still holding for now, but let’s see if it lasts

On the weekly chart, the 50 SMA (yellow) and the 100 SMA (green) were providing support when the bullish trend was strong, then the 200 SMA (purple) took over when USD/CAD stopped making new highs. This moving average held as support in the first week of September, after the bearish trend since March, and then again in October. This suggests that the buying pressure is strong down at the 20 SMA, which stands at around 1.30, and sellers might have given up now, after the second failed attempt to break below it. This points to a bullish reversal, which had already started in the last week of October. So, everything is pointing up for the USD/CAD, and we expect it to head to 1.40 and possibly 1.45, towards the end of 2020 and the beginning of 2021.

EOS Price Prediction Q4 2020: EOS Trading on a Bearish Triangle

EOS is a block chain system similar to Ethereum. It was created in late 2017, and its market capitalization stood at $ 2.68 billion as of October 2020. It had a great run in the first months of its life. It came at the right time, just before the “Gold Rush” for cryptocurrencies started back then. As we know, Bitcoin surged close to $ 20, while the EOS/USD surged from below $ 3 to $ 18.50 in January 2018. Then the price pulled back below $ 4, but it surged once again during the first few months of that year, while the rest of the crypto market was pulling back lower. EOS reached its highest level in April 2018, topping out at $ 23.30, but it has been on a long term bearish trend since then, and the situation doesn’t look too promising, with a bearish triangle forming on larger time-frame charts.

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Recent Changes in the EOS/USD Price

Period	Change ($)	Change %
30 Days	+0.09	+3.4%
3 Months	-0.35	-11.7%
6 Months	-0.11	-4.0%
1 Year	-0.61	-18.7%
Since 2017	+2.23	+531.5%

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Factors Affecting EOS

The technical picture doesn’t seem too bright for EOS, as the trend has remained bearish since April 2018, with the highs getting lower and moving averages providing resistance during retraces up. The recent price action doesn’t look very optimistic for the EOS/USD either, as other major crypocurrencies are increasing at a considerable pace, while EOS has been declining since August. However, there are some positive developments going on for EOS, such as “EOSIO for Business,” which targets the enterprise world, but at the same time, there are also concerns about the decentralization of stakes, with the largest share of entities that govern the chain mostly being situated in China.

EOS/USD Forecast: Q4 2020

EOS/USD Forecast: 1 Year

EOS/USD Forecast: 3 Years

Price: $ 3 – $ 3.20

Price drivers: Technicals, Crypto market sentiment, EOS sentiment

Price: $ 4.50 – $ 5

Price drivers: Adaption of EOS for business, Crypto market sentiment

Price: $ 8 – $ 10

Price drivers: New developments from EOS, Shareholder issue, Crypto market

EOS/USD Live Chart

[[EOS/USD-graph]]

EOS Price Prediction for the Next 5 Years

Recent Developments for the EOS/USD

EOS runs on the EOS.IO system, which is a decentralized blockchain system that allows hosting and execution of decentralized applications, or Dapps, and the development of Dapps on its platform. As mentioned above, this network system is similar to that of Ethereum, but while Ethereum is looking to move from proof-of-work POW to proof-of-stake, EOS is already running on POS, which makes it cheaper than mining.

EOS doesn’t charge individual clients for transactions, and it has the ability to offer 1 million transactions per second (TPS) and great scalability. It uses inflation instead, which the EOC community voted to be reduced from 5% to 1%. But one issue for EOS currently, is the concentration of a large portion of its shareholders in China, which is making it less profitable for other participants, and also less democratic. EOS has now released “EOSIO for Business,” having modelled its software featuring Blockchain-as-a-Service (BaaS) to a version focused on enterprises. LimeChain created the EOSLIME tool after they received an EOS VC grant, to help customize an existing module of EOSIO or deploy an entire system.

Technical Analysis – Moving Averages Keep Pushing the EOS/USD Down?

The 20 SMA has been providing resistance for EOS in 2020

EOS was created at the right time, at the end of 2017, when the surge in cryptocurrencies was just starting. The EOS/USD pair surged during December that year and in January 2018, but pulled back lower in the following two months. In April, we saw another massive surge that took the price to $ 23.30. Since then, the pressure has been towards the downside, and the retraces higher have been getting weaker every time. However, a support zone formed around the $ 1.50 level, which has been holding since late 2018, and this has formed a descending triangle, together with the bearish trend line. The 20 SMA is also helping keep EOS down on the monthly chart, and it has been providing resistance on retraces recently, despite having been pierced a couple of times.

The stochastic is now oversold and turning up on the weekly chart

On the weekly chart, the bearish trend is visible as well, with highs getting lower each time, indicating selling pressure, although sellers haven’t managed to make new lows. In this time-frame, the 100 SMA has been the ultimate resistance for the EOS/USD, having provided resistance in February 2020, rejecting the price and reversing it down, after a doji candlestick below it, which is a bearish reversing signal after the retrace higher. The 100 SMA rejected the price again in August, as the stochastic indicator became overbought. But now, the stochastic is oversold and turning upwards, so we might see a retrace higher on the 100 SMA until the end of the year, and then another rejection and a bearish reversal.

ADA Price Prediction Q4 2020: Another Support Level Has Formed Higher Up

ADA, which is the native currency of the blockchain Cardano, was launched in 2015, and initially, it traded pretty low, at around $ 0.0007 cents, until early November 2017, when the “Gold Rush” for cryptocurrencies sent them surging higher. The digital currencies, which were priced very low, like [[ADA-name]], absolutely surged, and the ADA/USD increased 2,000 fold, to 1.38. But then the surge ended, and Cardano ended up back where it started at 0.0007. It formed a base there, which it tested in February for the last time, but now the base has moved higher to the 20 SMA (gray) on the monthly chart, as shown above.

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Recent Changes in the Cardano ADA Price

Period	Change ($)	Change %
30 Days	+0.033	+30.3%
3 Months	-0.023	-21.1%
6 Months	+0.069	+68.3%
1 Year	+0.07	+69.3%
Since 2017	+0.105	+95.5%

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Factors Affecting Cardano ADA/USD

The Cardano blockchain network was founded by a leading team of scientists and engineers, which makes it stand out from the crowd, as it leads the crypto market in terms of new developments. It is followed by [[Ethereum]] . This cryptocurrency is based on peer-review-research, which attempts to bring it closer to the public, by making it more adaptable. As a result, it undergoes small changes constantly. That is part of the reason why ADA has been among the bullish altcoins since April, having increased around 200 times, from its lowest level of 0.0007. The price retraced lower in August and September, but ADA held most of the gains, and the bullish momentum is resuming again.

ADA Forecast: Q4 2020	ADA Forecast: 1 Year	ADA Forecast: 3 Years
Price: $ 0.07 Price drivers: Technical indicators, crypto market sentiment, Voltaire development.	Price: $ 0.15 Price drivers: Release of Voltaire, ERC20 Token Converter, Technical charts	Price: $ 0.25 – $ 0.30 Price drivers: Cardano evolving, Crypto market sentiment, International legislation

ADA Live Chart

[[Ada-graph]]

Cardano ADA Price Prediction for the Next 5 Years

Recent Developments for Cardano

Cardano is a blockchain-based platform that doesn’t necessary need a wallet, competing against other similar platforms, like [[Ethereum]] and EOS, but Frederik Gregaard, the incoming CEO of the Cardano Foundation, made the following statement recently:

“I think the biggest competitors are really the largest technology companies that are around today, the large tech platforms such as Google, Amazon, Tencent, Alibaba, those kinds of players.”

He aims at bringing all these kinds of currencies together, in order to offer the full range of services to customers, rather than them competing against one another and missing the boat that the big companies will take.

Cardano’s team is working on a number of developments in all areas, one of which is Volatire. Voltaire’s aim, which involves the governance area of blockchain, is to evolve Cardano into an outstanding innovation management platform. Cardano will release Goguen as well – the initial feature of the metadata transactions is already out. The next phase of the transformation from a single-asset system to a multi-asset one will come early next year, enabling users to create their own tokens. Besides that, the team is also developing the ERC20 Token Converter feature, which will make it easy to migrate from Ethereum to Cardano.

Cardano ADA Technical Analysis – Will the 20 SMA on the Monthly ADA/USD Chart Send the Price Higher?

As mentioned above, Cardano (ADA) was trading close to $ 0 for a few years, until November 2017, when the demand for cryptocurrencies surged and Bitcoin shot up to $ 20,000, while ADA rose to 1.38. That doesn’t sound like much, but having come from close to $ 0.00, it’s almost an infinity. But, the price started coming down in January 2018, as the demand for cryptos faded, and by May that year, ADA had lost all the gains. Sellers tried the support level of 0.0007 in July and again in February this year, as the 20 SMA (gray) was pushing it lower. But that level held, and the 20 SMA was broken in May.

But the stochastic indicator is heading down

Buyers pushed the price to 0.1550s until July, but then came the retrace lower. However, ADA didn’t give back nearly all of its gains, as did some other cryptos. Instead, the retrace down stopped at the 20 SMA, which seems to have turned from resistance into support now. It has been holding since September, and the price is starting to bounce slightly off this moving average. But, the stochastic indicator became oversold in summer, and it is heading down now, so the monthly chart is a bit contradictory, but with a bullish bias.

The ADA price is starting to reverse higher now

On the weekly chart, we see that after the surge at the end of 2017 and the reversal back down in the first months of 2018, a retrace higher took place in April. But, the 20 SMA turned into resistance on this time-frame, and after a doji, which is a reversing signal, the decline continued. But, the previous low at 0.0007 held and has been holding since then. The 20 SMA kept pushing the price lower, but in March 2019 the ADA broke above it, although the 50 SMA has taken its place since then. Sellers tried the support once again in February this year, but the downtrend in cryptocurrencies ended and this altcoin broke above all moving averages. In September we saw a retrace lower, but the 50 SMA turned into support, and after a doji, the price started to reverse higher. Now buyers are trying to push above the 20 SMA, and if that happens soon, the August high of 1.1550 will be broken.

AUD/INR Price Forecast Q4 2020: Has Uptrend Resumed Again?

Daily Price Prediction: 55.20 INR

Weekly Price Prediction: 55.50 INR

Prices Forecast: Technical Analysis

For the daily forecast, the AUD/INR is expected to close around 55.20 INR, with a potential range between 54.80 INR and 55.60 INR. The weekly forecast suggests a closing price of approximately 55.50 INR, with a range from 54.90 INR to 55.90 INR. The RSI at 57.10 indicates a slightly bullish momentum, suggesting that the price might continue to rise. The ATR of 0.72 reflects moderate volatility, which supports the potential for price fluctuations within the predicted range. The MACD line is above the signal line, reinforcing a bullish outlook. However, the ADX at 12.05 suggests a weak trend, indicating that while there is upward momentum, it may not be strong. The pivot point at 55.28 is crucial; trading above it could confirm the bullish sentiment.

Fundamental Overview and Analysis

Recently, AUD/INR has shown a steady upward trend, driven by a combination of technical factors and macroeconomic influences. The Reserve Bank of Australia’s interest rate decisions and China’s manufacturing PMI are key drivers. The market views the asset positively, with investor sentiment leaning towards a bullish outlook due to Australia’s stable economic indicators. Opportunities for growth are present, particularly if Australia’s economic conditions remain favorable. However, risks include potential volatility from global economic uncertainties and regulatory changes. Currently, the asset appears fairly priced, with room for appreciation if positive economic data continues to emerge.

Outlook for AUD/INR

The future outlook for AUD/INR is cautiously optimistic. Short-term trends suggest a continuation of the current upward momentum, supported by technical indicators and stable economic conditions in Australia. Over the next 1 to 6 months, the price is likely to remain within the 54.90 INR to 55.90 INR range, barring any major economic disruptions. Long-term forecasts (1 to 5 years) depend on Australia’s economic growth and global market conditions. Potential risks include geopolitical tensions and shifts in global trade policies. Overall, the asset is expected to perform steadily, with moderate growth potential.

Technical Analysis

Current Price Overview: The current price of AUD/INR is 55.406 INR, slightly above the previous close of 55.406 INR. Over the last 24 hours, the price has shown a slight upward trend with moderate volatility. Support and Resistance Levels: Key support levels are at 55.11, 54.81, and 54.63 INR, while resistance levels are at 55.58, 55.76, and 56.06 INR. The pivot point is at 55.28 INR, and the asset is trading above it, indicating a bullish sentiment. Technical Indicators Analysis: The RSI at 57.10 suggests a bullish trend. The ATR of 0.72 indicates moderate volatility. The ADX at 12.05 shows a weak trend strength. The 50-day SMA and 200-day EMA do not show a crossover, suggesting no major trend reversal. Market Sentiment & Outlook: Sentiment is currently bullish, supported by the price action above the pivot, a positive RSI, and moderate ATR-based volatility.

Forecasting Returns: $1,000 Across Market Conditions

Investing $1,000 in AUD/INR could yield different outcomes based on market conditions. In a Bullish Breakout scenario, a 5% increase could raise the investment to approximately $1,050. In a Sideways Range, the investment might remain around $1,000 with minimal change. In a Bearish Dip, a 5% decrease could reduce the investment to about $950. These scenarios highlight the importance of market conditions on investment returns. Investors should consider current trends and technical indicators before making decisions. Diversifying investments and setting stop-loss orders can help manage risks effectively.

Scenario	Price Change	Value After 1 Month
Bullish Breakout	+5% to ~$58.18	~$1,050
Sideways Range	0% to ~$55.41	~$1,000
Bearish Dip	-5% to ~$52.64	~$950

FAQs

What are the predicted price forecasts for the asset?

The daily forecast for AUD/INR suggests a closing price around 55.20 INR, with a range between 54.80 INR and 55.60 INR. The weekly forecast anticipates a closing price of approximately 55.50 INR, with a range from 54.90 INR to 55.90 INR.

What are the key support and resistance levels for the asset?

Key support levels for AUD/INR are at 55.11, 54.81, and 54.63 INR. Resistance levels are identified at 55.58, 55.76, and 56.06 INR. The pivot point is at 55.28 INR, and the asset is currently trading above it, indicating a bullish sentiment.

What are the main factors influencing the asset’s price?

The main factors influencing AUD/INR include Australia’s economic indicators, such as interest rate decisions by the Reserve Bank of Australia, and China’s manufacturing PMI. Investor sentiment and global economic conditions also play significant roles in shaping the asset’s price.

What is the outlook for the asset in the next 1 to 6 months?

The outlook for AUD/INR over the next 1 to 6 months is cautiously optimistic, with the price likely to remain within the 54.90 INR to 55.90 INR range. This outlook is supported by stable economic conditions in Australia and positive technical indicators.