XRP/USD are trading at 0.8802 and continue to move within a strong growth and an upward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $41,422,923,802. 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 test of the support level…
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.
Stock index S&P 500 continue to move within the framework of growth and an upward 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 4062. At the moment, we should expect an attempt to develop a correction and test the support level near the 4015 area. Where can…
LTC/USD are trading at 222.17 and continue to move as part of the growth 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 $14,761,342,901. 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…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the ”Triangle” model. 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 1.1741. As part of the Forex forecast for April 6, 2021, we should expect an attempt to develop a bullish correction and a test…
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 1.3829. 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 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 0.7604. At the moment, we should…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the ascending channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 110.63. Moving averages indicate a short-term bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from the US Dollar buyers and a potential continuation of the rise in prices from the current levels. As part of the forecast for the Japanese Yen exchange rate for April 6, 2021,…
Brent continue to move within the correction and left the descending channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 63.96 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices continue to push away from the area between the signal lines, which indicates pressure from sellers of “Black Gold” and a potential continuation of the fall in the value of the asset already from the current levels. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the correction and the downward channel, an inverted ”Head and Shoulders” reversal pattern is also formed here. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2580. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the decline in the price pair in the near future. At the moment, we should expect an attempt to develop a…
GOLD continue to move as part of the fall and the formation of a “Double Bottom” reversal pattern. At the time of the publication of the forecast, the price of GOLD is 1725 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. 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 and test the support level near the 1685 area. Where can we expect a…