Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the formation of the “Triangle” pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2508. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the rise in the pair of prices in the near future. At the moment, we should expect an attempt to develop a decline and test…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
GOLD continue to move as part of a strong fall and the beginning of the “Triangle” pattern. At the time of the publication of the forecast, the price of GOLD is 1727 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1735 area. Where can we expect a rebound and continued…
Silver continue to move within the correction and the downward channel. At the time of publication of the forecast, Silver prices are at 23.47. Moving averages indicate a bearish trend. Prices went down from 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 decrease in the value of the metal and a test of the support level near the area of 22.35. Where can we expect a rebound and a…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the formation of the “Head and Shoulders” model. Moving averages indicate a short-term bullish trend for the pair. Prices broke through the area between the signal lines downward, 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 Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.7043.…
Currency pair Dollar Franc USD/CHF continues to move as part of the correction. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9213. 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 asset’s price growth from the current levels. At the moment, we should expect an attempt to develop a depreciation of the US Dollar against the Swiss Franc and a test of the support area…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the rise 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 73.73. Moving averages indicate a short-term bearish trend. Prices have broken the area between the signal lines upward, which indicates pressure from buyers of the US currency and a potential continuation of the growth of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for August 12, 2021, we should expect an attempt to develop…
BTC/USD are trading at 46725 and continue to move as part of the rise and the bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $873,272,038,409. Moving averages indicate a short-term bullish trend for Bitcoin. Prices went up from the area between the signal lines, which indicates pressure from buyers of “Digital Gold” and a potential continuation of the growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, August 12, 2021, we should expect an attempt to develop a correction in the…
Ethereum are trading at 3260.06 and continue to move as part of the rise and the bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $380,151,544,893. Moving averages indicate a short-term bullish trend for Ethereum. Prices went up from the area between the signal lines, 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 correction in the value of the coin and a test of the support level near the area…
XRP/USD are trading at 0.9315 and continue to move as part of the growth and left the bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $43,443,272,715. Moving averages indicate a short-term uptrend in Ripple. Prices went up from 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…
Stock index S&P 500 continue to move as part of the rise and development of the “Triangle” model. 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 4430. At the moment, we should expect an attempt to develop a decline and test the support level near the 4405 area. Where…