Author: forex24pro

Currency pair Dollar Franc USD/CHF continues to move as part of a strong correction and an upward channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9272. 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 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 slight correction of the US Dollar against the Swiss Franc and…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the growth and the ascending channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 77.35. Moving averages indicate a short-term bullish trend. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers of the US currency and a potential continuation of the fall of the US Dollar against the Russian Ruble. As part of the USD exchange rate forecast for April 8, 2021, we should expect an attempt to develop…

BTC/USD are traded at 56748 and continue to move as part of the correction and the formation of the ”Triangle” pattern. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $1,061,549,852,045. Moving averages indicate a short-term bullish trend for Bitcoin. Prices are again pushing 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, April 8, 2021, we should expect an attempt to develop a correction in the…

Ethereum are traded at the level of 1993.42 and continue to move as part of the correction and the beginning of the development of the ”Triangle” model. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $231,275,149,857. 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…

XRP/USD are trading at 0.9459 and continue to move as part of the correction after a strong growth and an upward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $43,565,135,045. Moving averages indicate a short-term bullish trend for Ripple. Prices went up from the area between the signal lines, which indicates pressure from buyers of the asset and the potential continued growth of 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…

Stock index S&P 500 continue to move within the framework of the growth and the ascending 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 4070. At the moment, we should expect an attempt to develop a correction and test the support level near the 4045 area. Where…

LTC/USD are traded at the level of 221.94 and continue to move as part of the correction and the beginning of the development of the large ”Triangle” pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $14,882,760,553. 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…

Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the bearish 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 1.1805. As part of the Forex forecast for April 7, 2021, we should expect an attempt to develop a bullish correction and a test of the resistance…

Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the downward channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3889. Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt at a bullish correction of the British Pound against the US Dollar and a test of the…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the bullish correction and the beginning of the development of the “Head and Shoulders” reversal pattern. Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall 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 0.7635. At the moment, we…