Author: forex24pro

Stock index S&P 500 continue to move as part of a downward correction 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 the level of 4434. At the moment, we should expect an attempt to develop a decline and test the support level near the 4415 area. Where can…

LTC/USD are trading at 172.90 and continue to move as part of 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…

Currency pair Euro to Japanese Yen EUR/JPY continues to move as part of the decline and the formation of the bullish ”Wolfe Wave” pattern. Moving averages indicate a short-term bearish trend for the pair. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the European currency against the Japanese yen and a potential continuation of the fall from the current levels. At the time of the publication of the forecast, the Euro/Japanese Yen rate is 128.71. As part of the Forex forecast for the EUR/JPY rate for August 19, 2021, we should…

DOT/USD quotes are traded at 24.81 and continue to move within the growth and bullish channel. The capitalization of the Polkadot cryptocurrency at the time of the publication of the forecast is $24,690,786,903. Moving averages indicate a short-term bullish trend for Polkadot. 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 correction in the value of a digital asset and a test of the support level near the 23.55…

Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the downward channel. 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 quotations from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1772. As part of the Forex forecast for August 17, 2021, we should expect an attempt to develop a slight bullish correction and a test of the…

Currency pair Pound/Dollar GBP/USD continues to move as part of the rise 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 1.3869. 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 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 correction and the formation of the ”Triangle” model. 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 0.7329. At the moment, we should expect an attempt to develop a…

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 exchange rate of the US Dollar to the Japanese Yen is 109.37. 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…

Brent continue to move as part of the correction and the formation of the ”Triangle” pattern. At the time of the publication of the forecast, the price of Brent crude oil is $ 69.52 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices went down from the area between the signal lines, which indicates pressure from the sellers of “Black Gold” and the potential continuation of the fall in the value of the asset already from the current levels. At the moment, we should expect an attempt to develop a decline and a test of the support…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the formation of the bullish ”Wolfe Wave” pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2553. Moving averages indicate a short-term bearish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the price pair in the near future. At the moment, we should expect an attempt to develop a decline and test…