Author: forex24pro

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the formation of the Triangle pattern. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.2684. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers and a potential continuation of the pair’s fall in the near future. At the moment, we should expect an attempt to continue the development of price correction and a test of…

GOLD continue to move within the correction and the bullish channel. At the time of the publication of the forecast, the price of Gold is 1855 USD per Troy Ounce. Moving averages indicate the presence of a short-term bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the asset and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a correction and test the support level near the 1840 area. Where should we expect a rebound upwards and a continuation…

Silver continue to move as part of the growth and the bullish channel. At the time of the publication of the forecast, the price of Silver is 23.45. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the asset and a potential continuation of the growth in value already from current levels. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the support level near the area of ​​23.05. Where should we expect…

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. There is also the potential for the formation of a head and shoulders reversal pattern. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have gone down from the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the fall in the value of the instrument already from current levels. At the time of publication of the Forex forecast, the rate…

Currency pair Dollar Franc USD/CHF continues to move within the correction and the bullish channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9245. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continued growth in the value of the asset already from current levels. At the moment, we should expect an attempt to develop the development of a depreciation of the US Dollar…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 75.02. Moving averages indicate the presence of a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the US currency and a potential continuation of the growth of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for February 17, 2022, we should expect an…

BTC/USD are trading at 44032 and continue to move as part of the growth and the bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $826,641,645,948. Moving averages indicate the presence of a short-term upward trend in Bitcoin. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of Digital Gold and a potential continuation of the growth in the value of the asset already from current levels. As part of the cryptocurrency rate forecast for tomorrow, February 17, 2022, we should expect an attempt…

Ethereum are trading at 3124 and continue to move as part of the growth and the bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $367,077,750,715. Moving averages indicate a short-term bearish trend for Ethereum. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a potential continued growth in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a correction in the value of the coin and a test of the support level…

XRP/USD are trading at 0.8228 and continue to move as part of the growth and the bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $39,080,215,798. Moving averages indicate the presence of a short-term upward trend for Ripple. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth of the XRP rate on the market already from current levels. At the moment, we should expect an attempt to develop a correction of the asset and…

Stock index S&P 500 continue to move within the correction and the downward channel. Moving averages indicate the presence of a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall of the stock index on the market already from current levels. At the time of the publication of the forecast, the index is trading at 4456. At the moment, we should expect an attempt to develop growth and a test of the resistance level near the 4495 area. Where should we…