Stock index S&P 500 continue to move within the framework of the growth and the bullish channel. There is also a potential for the formation of the ”Triangle” model. Moving averages indicate a short-term bullish trend. Prices are pushing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth of the stock exchange index in the market from the current levels. At the time of the publication of the forecast, the index is trading at 4699. At the moment, we should expect an attempt to develop a correction and…
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.
LTC/USD are traded at 156.67 and continue to move as part of the correction and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $10,879,558,987. Moving averages indicate a short-term bearish trend for Litecoin. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of a digital asset and a test of the resistance…
DOGE/USD are traded at the level of 0.1769 and continue to move as part of the correction and the formation of the “Head and Shoulders” pattern. Moving averages indicate a short-term bearish trend for Dogecoin. Prices have broken the area between the signal lines up, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of a digital asset and a test of the resistance level near the 0.1985 area. Where can we expect a rebound…
SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00003639, continues to move in line with the growth and left the descending channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the coin and a potential continuation of growth from the current levels. As part of the SHIB/USD rate forecast, one should not consider an attempt to develop a correction in the value of a digital asset and a test of the support area near the level of…
BNB/USD are traded at 529.70 and continue to move as part of the correction and the formation of the ”Triangle” pattern. Moving averages indicate a short-term bearish trend for Binance Coin. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a small correction in the value of a digital asset and a test of the resistance level near the 545.05 area. Where can we expect a rebound again and…
Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and the formation of a large ”Triangle” pattern. Once again, the test of the upper border of this model took place, but there was no breakdown yet. And since the trend is still downtrend, there is every chance to see a breakdown of the lower boundary of this model. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the European currency and a potential continuation of the fall in the…
Currency pair Pound/Dollar GBP/USD continues to move as part of an aggressive bullish correction, after another test of an important support area, which sellers cannot break down. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3307. Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt to correct the price of the…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the downward channel. Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall in the value of the instrument from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7160. At the moment, we should expect an attempt to develop a bullish correction and test…
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” pattern, which is clearly visible even from the daily chart of the pair. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 113.68. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the US Dollar buyers and a potential continuation of the price growth from the current…
Brent continue to move within the correction and the bullish channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 74.08 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices have broken the area between the signal lines up, which indicates pressure from buyers of ”Black Gold” and a potential continuation of the growth of the asset value from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support level near the area of $ 71.55 per barrel.…