Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the correction and the downward channel, here an inverted “Head and Shoulders” reversal pattern is formed. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2622. 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 correction…
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.
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 1740 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices are again pushing 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 1720 area. Where can we expect a…
Silver continue to move as part of the correction and the formation of the bullish ”Wolfe Wave” pattern. At the time of the publication of the forecast, Silver prices are at $ 25.16. Moving averages indicate a bearish trend. 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 fall in value from the current levels. At the moment, we should expect an attempt to develop a bearish correction in the value of the metal and a test of the support level near the 23.95…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the downward channel. Moving averages indicate a short-term sideways trend in the pair. Prices are again testing the area between the signal lines from below, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall in the value of the instrument from the current levels. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.7029. At the moment, we…
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…