Author: forex24pro

BTC/USD are trading at 43451 and continue to move as part of the growth and the formation of the bearish ”Wolfe Wave” pattern. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $824,988,672,510. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines, which indicates pressure from the sellers of Digital Gold and a potential continuation of the fall in the value of the asset already from current levels. As part of the forecast for the cryptocurrency rate for tomorrow, March 4, 2022, we…

Ethereum are trading at 2904 and continue to move as part of the correction and the formation of the “Triangle” model. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $346,332,284,347. 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 rise in the value of the coin and a test of…

XRP/USD are trading at 0.7628 and continue to move within the correction and the bearish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $36,726,480,055. Moving averages indicate the presence of a short-term sideways trend for Ripple. 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 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 a test…

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 the level of 4375. At the moment, we should expect an attempt to develop growth and test the resistance level near the 4415 area. Where should…

LTC/USD are trading at 110.99 and continue to move within the correction and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $7,803,749,533. Moving averages indicate a short-term bearish trend for Litecoin. Prices are again testing the area between the signal lines, 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 bullish correction in the value of the digital asset and a test of the resistance level near the area…

DOGE/USD are trading at the level of 0.1321 and continue to move within the correction and left the limits of the downward channel. Moving averages indicate a short-term bearish trend for Dogecoin. Prices are again testing the area between the signal lines, 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 an increase in the value of the digital asset and a test of the support level near the 0.1325 area. Where can we expect a rebound again and the continued…

SHIBA INU is trading at the time of publication of the forecast at the level of 0.00002552, they continue to move within the framework of growth and left the limits of the downward channel. Moving averages indicate the presence of a short-term bullish trend for the coin. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the coin and a potential continuation of growth already from current levels. As part of the SHIB/USD rate forecast, it is not worth considering an attempt to develop a correction in the value of a digital asset…

Stock index Dow Jones continue to move within the correction and the downward channel. Moving averages indicate the presence of a short-term bearish trend. Prices are again pushing the area between the signal lines, which indicates pressure from the 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 33832. At the moment, we should expect an attempt to develop a correction and test the resistance level near the 34065 area. Where should we…

Currency pair Euro Pound EUR/GBP continues to move as part of the fall and the downward channel. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have gone down from the area between the signal lines, which indicates pressure from sellers of the European currency against the British pound and a potential continuation of the fall from current levels. At the time of the publication of the forecast, the Euro against the Pound is 0.8283. As part of the Forex forecast EUR/GBP for March 4, 2022, we should expect an attempt to develop a bullish…

Currency pair British Pound to Japanese Yen GBP/JPY continues to move within the correction and the downward channel. 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 the sellers of the British Pound against the Japanese Yen and a potential continuation of the fall from current levels. At the time of the publication of the forecast, the Pound to the Yen rate is 154.87. As part of the GBP/JPY Forex forecast for March 4, 2022, we should expect an attempt to…