Author: forex24pro

Currency pair Dollar Franc USD/CHF continues to move within the framework of strong growth and the formation of the downward ”Wolfe Wave” pattern. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9182. 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 rise in the US Dollar rate…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction 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 73.78. 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 rise in the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for August 19, 2021, we should expect an attempt to develop…

BTC/USD are traded at 46842 and continue to move as part of the correction and the formation of the ”Wedge” model. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $ 860,690,817,685. 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 19, 2021, we should expect an attempt to develop…

Ethereum are trading at 3099.88 and continue to move within the correction and the bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $364,444,939,961. Moving averages indicate a short-term bullish trend for Ethereum. However, prices broke through the area between the signal lines downward, which indicates pressure from sellers and a potential continuation of the fall in the asset value already from 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 1.1429 and continue to move within the correction and the bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $54,266,569,811. 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 1.1305 area. Further,…

Stock index S&P 500 continue to move as part of a downward correction and a bullish channel. 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 4434. At the moment, we should expect an attempt to develop a decline and test the support level near the 4415 area. Where can…

LTC/USD are trading at 172.90 and continue to move as part of the correction and the bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $11,579,912,881. 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 support level near…

Currency pair Euro to Japanese Yen EUR/JPY continues to move as part of the decline and the formation of the bullish ”Wolfe Wave” pattern. 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 against the Japanese yen and a potential continuation of the fall from the current levels. At the time of the publication of the forecast, the Euro/Japanese Yen rate is 128.71. As part of the Forex forecast for the EUR/JPY rate for August 19, 2021, we should…

DOT/USD quotes are traded at 24.81 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 $24,690,786,903. 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 23.55…

Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing 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 1.1772. As part of the Forex forecast for August 17, 2021, we should expect an attempt to develop a slight bullish correction and a test of the…