Author: forex24pro

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 0.9140. 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 correction and the downward channel. At the time of publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 74.66. 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 6, 2021, we should expect an attempt to develop…

BTC/USD are trading at 55425 and continue to move as part of the correction and the formation of the bullish ”Wolfe Wave” pattern. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $1,033,174,785,257. Moving averages indicate a short-term bearish trend for Bitcoin. Prices broke through the area between the signal lines down again, 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, May 6, 2021, we should expect an attempt…

Ethereum are trading at 3381.68 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 $387,355,110,591. 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…

XRP/USD are trading at 1.4639 and continue to move as part of the correction and the bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $67,851,718,863. Moving averages indicate a short-term bullish trend for Ripple. Prices broke through the area between the signal lines downward, 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 downward correction of the asset and a test of the…

Stock index S&P 500 continue to move within the framework of the growth and the bullish channel. Moving averages indicate a short-term bearish trend. Prices are again testing the areas between the signal lines, which indicates pressure from the sellers of the asset and the potential continuation of the fall 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 4173. At the moment, we should expect an attempt to develop a correction and test the support level near the 4155 area.…

LTC/USD are trading at 342.21 and continue to move within the framework of a strong growth and an upward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $22,859,736,033. 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…

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” on the daily chart of the pair. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, 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 1.2067. As part of the Forex forecast for May 4, 2021, we should expect…

Currency pair Pound/Dollar GBP/USD continues to move within the framework of insignificant growth and a downward channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3920. Moving averages indicate a short-term bullish trend. Prices pushed up from the area between the signal lines, which indicates pressure from buyers of the currency pair and the potential continued 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 the level of 1.3965.…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the ”Head and Shoulders” reversal pattern. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, 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 0.7749. At the moment, we should expect an attempt to develop…