Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2282. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the areas between the signal lines downward, which indicates pressure from sellers and a potential continuation of the fall in the pair of prices in the near future. At the moment, we should expect an attempt to develop growth and test the resistance level near the…
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 the growth and the beginning of the “Double Bottom” pattern. At the time of the publication of the forecast, the price of GOLD is 1793 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices went up from 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 correction and test the support level near the 1760 area. Where can we expect a rebound…
Silver continue to move within the growth and bullish channel. At the time of the publication of the forecast, Silver prices are at $ 26.81. Moving averages indicate a bullish trend. 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 in value already from the current levels. At the moment, we should expect an attempt to develop a fall in the value of the metal and a test of the support level near the 26.20 area. Where can we expect a rebound and continued…
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 bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the rise in the value of the instrument 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 0.7227. At the moment, we should expect an attempt…
Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the bullish channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9105. Moving averages indicate a short-term bearish trend for the pair. 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 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…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall 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 75.12. Moving averages indicate a short-term sideways trend. Prices have broken down the area between the signal lines, which indicates pressure from the sellers 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 forecast for May 4, 2021, we should expect an attempt to…
BTC/USD are trading at 57705 and continue to move as part of the correction. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $1,081,336,656,116. Moving averages indicate a short-term bearish trend for Bitcoin. Prices are again pushing the area between the signal lines, which indicates pressure from the sellers of “Digital Gold” and the 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, May 4, 2021, we should expect an attempt to develop a decline in the value of a…
Ethereum are trading at the level of 3113.33 and continue to move as part of the growth and left the bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $366,073,063,665. 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 value 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…
XRP/USD are trading at 1.5260 and continue to move within the correction and the bullish channel of the channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $70,810,730,095. Moving averages indicate a short-term bullish trend for 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 rise in the XRP rate in the market already from current levels. At the moment, we should expect an attempt to develop a downward correction of the asset and a test…
Stock index S&P 500 continue to move within the correction and the bullish channel. Moving averages indicate a short-term bullish trend. Prices are again testing the areas 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 4199. At the moment, we should expect an attempt to develop a correction and test the support level near the 4150 area. Where can we expect…