Author: forex24pro

Currency pair Dollar Franc USD/CHF continues to move as part of the correction and left the upward channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9185. Moving averages indicate a short-term bullish trend for the pair that will end soon. 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 depreciation of the US Dollar…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall and the formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 75.77. Moving averages indicate a short-term bullish 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 April 23, 2021,…

BTC/USD are trading at 54508 and continue to move as part of the decline and the beginning of the development of the large ”Wedge” pattern. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $1,018,972,145,752. 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 from the current levels. As part of the cryptocurrency rate forecast for tomorrow, April 23, 2021, we should expect an…

Ethereum are trading at the level of 2550.19 and continue to move as part of the growth and the ascending channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $298,810,507,655. 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…

XRP/USD are trading at 1.3059 and continue to move as part of the correction and the formation of the “Triangle” pattern. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $59,612,219,699. Moving averages indicate a short-term downtrend in 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 a bullish correction of the asset and a test…

Stock index S&P 500 continue to move as part of the growth and the formation of an inverted “Head and Shoulders” pattern. Moving averages indicate a short-term bullish trend. 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 the level of 4154. At the moment, we should expect an attempt to develop a correction and test the support level…

LTC/USD are traded at the level of 277.64 and continue to move within the correction and the ascending channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $18,757,803,526. Moving averages indicate a short-term bullish trend for Litecoin. Prices went up from the area between the signal lines, 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 correction in the value of a digital asset and a test of the support level near…

Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the formation of a large reversal pattern “Head and Shoulders” on the daily chart of the pair. 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 of the European currency and a potential continuation of the growth of quotations already from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.2004. As part of the Forex forecast for April 22, 2021, we should…

Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the beginning of the downward channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3893. 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 growth of the instrument. At the moment, we should expect an attempt to grow the British Pound against the US Dollar and test the resistance area near…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the bullish channel. Moving averages indicate a short-term sideways trend. 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 forecast, the rate of the Australian Dollar to the US Dollar is 0.7743. At the moment, we should expect an attempt to develop a rise and test the…