Author: forex24pro

Currency pair Dollar Franc USD/CHF continues to move as part of the fall. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9135. Moving averages indicate a short-term bearish 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 against the Swiss Franc and…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall and the beginning 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 74.60. 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 April 27, 2021,…

BTC/USD are traded at 52651 and continue to move as part of the correction and the start of the large Wedge pattern. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $988,481,078,568. Moving averages indicate a short-term bearish 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 2435.39 and continue to move as part of the growth and the formation of the “Head and Shoulders” reversal pattern. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $284,870,171,538. 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 the growth in the value of the coin and…

XRP/USD are trading at 1.1638 and continue to move as part of the correction and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $53,697,636,683. 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 of the resistance…

Stock index S&P 500 continue to move as part of the growth and the beginning of the development of the ”Triangle” model. 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 4172. At the moment, we should expect an attempt to develop a correction and test the support level…

LTC/USD are traded at 238.30 and continue to move as part of the correction and the ascending channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $16,170,431,724. Moving averages indicate a short-term bullish trend for Litecoin. Prices are again pushing 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 the…

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1976 area. The pair continues to move as part of the correction and the formation of a large “Head and Shoulders” reversal pattern, which is able to send the pair to the level of 1.1050. Moving averages indicate a bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers of the European currency and the likely continuation of growth from the current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance…

BRENT finish the trading week near the area of ​​$ 65.10 per barrel. And it continues to move within the correction and the ascending channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from buyers of raw materials and a potential continuation of the rise. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level of 57.35. Then, a rebound and continued growth of oil to the area above the level of $ 85.65 per barrel. BRENT…

Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3755 area. The pair continues to move within the framework of the correction and the beginning of the development of the bearish ”Wolfe Wave” pattern. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to grow and test the resistance area near the level of 1.3965. Further, the rebound and the beginning…