Author: forex24pro

Ethereum are trading at 3780 and continue to move as part of the growth and the bullish bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $447,071,589,932. Moving averages indicate a short-term bullish trend for Ethereum. Prices broke through the area between the signal lines upward, 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 support level near the…

XRP/USD are trading at 1.2867 and continue to move as part of the growth and left the descending channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $59,242,675,128. Moving averages indicate a short-term bearish trend for Ripple. 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 XRP rate decline 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…

Stock index S&P 500 continue to move within the framework of the growth and the bullish channel. Moving averages indicate a short-term uptrend. Prices went up from 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 4533. At the moment, we should expect an attempt to develop a decline and test the support level near the 4485 area. Where can we expect a…

LTC/USD are traded at 185.58 and continue to move as part of the rise and the formation of the ”Triangle” pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $12,325,296,847. 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…

Cardano are traded at 3.03 and continue to move as part of the rise and the beginning of the ”Triangle” pattern. The capitalization of the Cardano cryptocurrency at the time of the publication of the forecast is $ 96,965,110,187. 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 correction in the value of a digital asset and a test of…

DOT/USD quotes are trading at 32.61 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 $32,192,331,055. 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 29.85…

Currency pair Euro/Dollar EUR/USD continues to move as part of the bullish correction and the formation of the ”Head and Shoulders” reversal pattern. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the European currency and a potential continuation of the growth of asset quotes from current levels. At the time of the publication of the forecast, the EUR/USD rate is 1.1795. As part of the Forex forecast for September 1, 2021, we should expect an attempt to develop a slight rise in…

Currency pair Pound/Dollar GBP/USD continues to move as part of the rise and the formation of the “Wedge” reversal pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3786. 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 currency pair and a potential continuation of the rise in the instrument. At the moment, we should expect an attempt to raise the British Pound against the US Dollar and test the resistance area…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the ”Wedge” reversal pattern. 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 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 0.7324. 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 rise and the beginning of the development of the ”Triangle” model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 109.83. Moving averages indicate a short-term bullish trend for the pair. Prices have broken 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…