Author: forex24pro

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall and the formation of the ”Triangle” model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 72.40. Moving averages indicate a short-term bearish trend. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the US currency and a potential continuation of the fall of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for September 29, 2021, we should expect an…

BTC/USD are trading at 43170 and continue to move as part of a decline and a downward channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $811,338,531,559. Moving averages indicate a short-term bearish trend for Bitcoin. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of ”Digital Gold” and a potential continuation of the fall in the value of the asset from the current levels. As part of the cryptocurrency rate forecast for tomorrow, September 29, 2021, we should expect an attempt to develop a…

Ethereum are trading at the level of 3045 and continue to move as part of the correction and the beginning of the development of the “Head and Shoulders” reversal pattern. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $353,602,676,728. Moving averages indicate a short-term bearish trend for Ethereum. Prices broke through the areas between the signal lines downward, which indicates pressure from sellers and a 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…

XRP/USD are trading at the level of 0.9914 and continue to move as part of the correction and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $43,738,216,880. Moving averages indicate a short-term bearish trend for Ripple. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the XRP rate decline in the market already from the current levels. At the moment, we should expect an attempt to develop an asset rise and a test of…

Stock index S&P 500 continue to move as part of the correction. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of the rise 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 4436. At the moment, we should expect an attempt to develop a rise and test the resistance level near the 4460 area. Where can we expect a rebound and a continuation…

LTC/USD are traded at 149.64 and continue to move as part of the correction and the beginning of the “Head and Shoulders” reversal pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $9,940,412,810. Moving averages indicate a short-term sideways trend in Litecoin. Prices broke through the area between the signal lines downward, 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 rise in the value of a digital asset and…

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1731 area. The pair continues to move as part of the fall and the beginning of the development of the large “Head and Shoulders” reversal pattern. Moving averages indicate a sideways trend. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the European currency and the likely continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance area near the level of 1.1825. Where…

BRENT finish the trading week near the area of ​​$ 76.74 per barrel. And it continues to move within the framework of the rise and the bullish channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from buyers of raw materials and a potential continuation of the rise. At the moment, we should expect an attempt to develop a decline and test the support area near the level of 72.45. Then, the rebound and the continuation of the fall of oil to the area below the level of $…

Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3719 area. The pair continues to move within the framework of the correction and the formation of the ”Triangle” pattern. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to rise and test the resistance area near the level of 1.3845. Further, a rebound down and the beginning of a fall in the Pound/Dollar quotes to an…

Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 72.72 Rubles per US Dollar. The pair continues to move as part of the correction and the formation of the ”Triangle” pattern, which market participants cannot break through to one side. Moving averages indicate a downtrend. The prices broke through the area between the signal lines downward, which indicates pressure from the US dollar sellers and the likely continuation of the pair’s fall from these levels. In the current trading week September 27 — October 1, 2021 we should expect an attempt to develop…