Author: forex24pro

Silver continue to move within a minor correction and a downward channel. At the time of this forecast, Silver prices are at 24.16. Moving averages indicate a bearish trend. 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 in value from the current levels. At the moment, we should expect an attempt to develop a rise in the value of the metal and a test of the resistance level near the area of ​​24.65. Where can we expect a rebound and the continuation…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the growth in the value of the instrument already from the current levels. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.7005. At the moment, we should expect…

Currency pair Dollar Franc USD/CHF continues to move as part of the development of the next correction and the formation of the ”Triangle” model. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9145. Moving averages indicate a short-term bullish trend for the pair. 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 fall in the US Dollar…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall and the beginning of the development of the ”Head and Shoulders” reversal pattern and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 73.52. Moving averages indicate a short-term bullish trend. Prices broke down the area between the signal lines, which indicates pressure from buyers 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…

BTC/USD are trading at 47939 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 $895,838,740,054. Moving averages indicate a short-term bullish 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 already from the current levels. As part of the cryptocurrency rate forecast for tomorrow, August 31, 2021, we should expect an attempt to develop…

Ethereum are trading at 3187.93 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 $371,508,920,765. Moving averages indicate a short-term bullish trend for Ethereum. Prices broke through the area between the signal lines downward, 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 area…

XRP/USD are trading at 1.1259 and continue to move as part of the correction and the bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $51,997,428,180. Moving averages indicate a short-term uptrend in Ripple. Prices are again testing 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 1.0955…

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 4508. At the moment, we should expect an attempt to develop a decline and test the support level near the 4490 area. Where can we expect a…

LTC/USD are traded at 172.68 and continue to move as part of the correction and the formation of the ”Triangle” pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $11,284,326,752. 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…

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1758 area. The pair continues to move within the framework of the correction and the beginning of the development of the large ”Head and Shoulders” reversal pattern. Moving averages indicate a bullish 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 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…