Author: forex24pro

Ethereum are traded at the level of 1686.13 and continue to move as part of the growth and the ascending channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $199,274,917,664. Moving averages indicate a short-term bullish trend for Ethereum. Prices are 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 correction in the value of the coin and a test of the support level near…

XRP/USD are trading at 0.5499 and continue to move as part of the growth and the ascending channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $25,262,873,960. Moving averages indicate a short-term bullish trend for Ripple. Prices pushed up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the XRP rate growth 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…

Stock index S&P 500 continue to move within the correction and the upward channel. Moving averages indicate a short-term sideways trend. Prices broke through the area between the signal lines down again, which indicates pressure from the sellers of the asset and a 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 3914. At the moment, we should expect an attempt to develop a correction and test the support level near the 3855 area. Where can…

LTC/USD are trading at 195.58 and continue to move as part of the correction and the formation of a large ”Triangle” pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $13,040,346,882. Moving averages indicate a short-term bullish trend for Litecoin. Prices are again testing 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…

Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the downward channel. 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 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 1.1892. As part of the Forex forecast for March 24, 2021, we should expect an attempt to develop growth and test the resistance level, which is located…

Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the beginning of the development of the ”Triangle model. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3768. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines downward, 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…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of a large “Head and Shoulders” reversal pattern at high time intervals. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines downward, 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 0.7667. At the moment,…

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 108.69. 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 rate for March 24, 2021, we…

Brent continue to move within the correction and the beginning of the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 62.26 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices have broken down the area between the signal lines, which indicates pressure from buyers of “Black Gold” and a potential continuation of the rise in the value of the asset already from the current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2581. 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 decline in the price pair in the near future. At the moment, we should expect an attempt to develop a correction and a test of the support level…