Author: forex24pro

Stock index S&P 500 continue to move in the framework of the rise and the downward channel. Moving averages indicate a short-term uptrend. Prices broke through the area between the signal lines upward, 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 4330. At the moment, we should expect an attempt to develop a rise and test the resistance level near the 4345 area. Where can we expect a…

LTC/USD are traded at 114.10 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 $7,744,163,987. 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 rise in the value of a digital asset and a test of the resistance level near the…

Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the downward channel. 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 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 1.1781. As part of the FOREX forecast for July 20, 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 fall and the beginning of the development of the ”Triangle” model. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on FOREX is 1.3714. Moving averages indicate a short-term bearish trend. Prices broke down 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 at a bullish correction of the British Pound against the US Dollar…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of a decline and a downward channel. 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 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 0.7364. 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 formation of the ”Triangle” model. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 109.84. Moving averages indicate a short-term bearish trend for the pair. Prices broke the area between the signal lines downward, which indicates pressure from the sellers of the US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast for the Japanese Yen rate for…

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 $ 72.45 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are testing the area between the signal lines, which indicates pressure from buyers of “Black Gold” and a potential continuation of the rise in the value of the asset already 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 ​​$ 71.05…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the framework of strong growth and left the bullish channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2703. Moving averages indicate a short-term bullish 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 fall and a test of the…

GOLD continue to move as part of the correction and the beginning of the ”Wedge” model. At the time of the publication of the forecast, the price of GOLD is 1806 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. 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 and test the resistance level near the area of ​​1820. Where can we expect a rebound…

Silver continue to move as part of the fall and the beginning of the ”Head and Shoulders” pattern. At the time of the forecast release, Silver prices are at 25.36. Moving averages indicate a bearish trend. 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 in value from the current levels. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the support level near the 25.75 area. Where can we…