Author: forex24pro

BTC/USD are trading at 44342 and continue to move as part of the correction and the bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $835,390,164,220. Moving averages indicate a short-term bullish trend for Bitcoin. Prices are again testing the area between the signal lines, which indicates pressure from buyers of ”Digital Gold” and a potential continuation of the growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow on August 20, 2021, we should expect an attempt to develop a correction in…

Ethereum are traded at the level of 2990.17 and continue to move as part of the correction and the bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $350,447,020,638. Moving averages indicate a short-term bullish trend for Ethereum. However, the area between the signal lines is being pushed around again, which indicates pressure from buyers and a potential continuation of the asset’s price growth from the current levels. At the moment, we should expect an attempt to develop a decrease in the value of the coin and a test of the…

XRP/USD are trading at 1.1429 and continue to move within the correction and the bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $51,615,397,119. Moving averages indicate a short-term uptrend in Ripple. Prices are still above the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the XRP rate growth in the market already from current levels. At the moment, we should expect an attempt to develop an asset correction and a test of the support level near the 1.0455 area. Further,…

Stock index S&P 500 continue to move within the framework of a strong fall and a bullish channel. Moving averages indicate a short-term uptrend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth of the stock index in the market from the current levels. At the time of the publication of the forecast, the index is trading at 4358. At the moment, we should expect an attempt to develop a decline and test the support level near the 4315 area. Where can we expect…

LTC/USD are traded at 172.90 and continue to move within the correction and the bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $11,579,912,881. Moving averages indicate a short-term bullish 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 the rise from the current levels. At the moment, we should expect an attempt to develop a correction in the value of a digital asset and a test of the support level near the 165.55…

Cardano are trading at 2.0912 and continue to move within the rally and the bullish channel. The capitalization of the Cardano cryptocurrency at the time of the publication of the forecast is $66,936,398,869. Moving averages indicate a short-term bullish trend for Cardano. Prices went up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the rise from the current levels. At the moment, we should expect an attempt to develop a rise in the value of a digital asset and a test of the resistance level near the 2.2150…

Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the “Wedge” model. Moving averages indicate a short-term bearish trend for the pair. Prices pushed away from the area between the signal lines, which indicates pressure from the sellers of the European currency and a potential continuation of the fall in quotations from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1698. As part of the Forex forecast for August 19, 2021, we should expect an attempt to develop a slight fall and a test…

Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3749. Moving averages indicate a short-term bearish trend. Prices went down from 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 British Pound against the US Dollar and test the resistance area near the level…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and the downward channel. Moving averages indicate a short-term bearish trend. Prices are again pushing the area between the signal lines, which indicates pressure from the sellers of the currency pair and the potential continuation of the fall in the value of the instrument already from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7232. At the moment, we should expect an attempt to develop a rise and test…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the fall and the bullish channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 109.98. Moving averages indicate a short-term bullish trend for the pair. However, prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the US Dollar and a potential continuation of the decline in prices already from the current levels. As part of the forecast for the Japanese Yen rate for…