Author: forex24pro

XRP/USD are trading at 1.3498 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 $62,088,220,393. 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 the potential continuation of the XRP rate drop in the market from the 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 within the correction and the bullish channel. 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 4116. At the moment, we should expect an attempt to develop a correction and test the support level near the 4025 area. Where can we expect…

LTC/USD are trading at 255.14 and continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $17,631,200,914. Moving averages indicate a short-term bearish trend for Litecoin. 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 from the current levels. At the moment, we should expect an attempt to develop a correction in the value of a digital asset and…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the growth and the downward channel. Moving averages indicate a short-term bearish trend for the pair. However, prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continuation of the rise 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 0.7182. At the moment, we…

Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of a large reversal pattern “Head and Shoulders”. 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 from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1971. As part of the Forex forecast for April 20, 2021, we should expect an attempt to develop a bullish correction…

Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and the beginning of development and the “Double Bottom” reversal pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3937. Moving averages indicate a short-term bearish trend. However, 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 instrument’s growth. At the moment, we should expect an attempt of a downward correction of the British Pound against the US Dollar…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the bearish channel. Moving averages indicate a short-term bearish 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 from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7747. At the moment, we should expect an attempt to develop a rise and test the resistance…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the fall and the bearish channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 108.09. 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 US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast for the Japanese Yen rate for April 20,…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2486. 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 sellers and a potential continuation of the growth of the price pair in the near future. At the moment, we should expect an attempt to develop a correction and…

Brent continue to move as part of the growth and the beginning of the development of the “Triangle” model. At the time of the publication of the forecast, the price of Brent crude oil is $ 66.86 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken through the areas between the signal lines upward, which indicates pressure from buyers of “Black Gold” and a potential continuation of the growth of the asset value from the current levels. At the moment, we should expect an attempt to develop a downward correction and a test of the…