GOLD continue to move within the fall and the downtrend channel. At the time of the publication of the forecast, the price of GOLD is 1719 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 bullish correction and test the resistance level near the area of 1745. Where can we expect a rebound and the continuation of…
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.
Silver continue to move as part of the fall and the formation of the ”Triangle” pattern. At the time of the publication of the forecast, Silver prices are at $ 26.18. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines downward, 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 bullish correction in the value of the metal and a test of the resistance level near the 26.45 area. Where…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a short-term bearish trend for the pair. Rates tested again region between the signal lines, which indicates the pressure of the merchants currency pair and the potential continuation of falling value of the instrument since current levels. At the time of publication Forex forecast New Zealand Dollar exchange rate to the US dollar is 0.7265. At the moment, we should expect an attempt to develop a decline…
Currency pair Dollar Franc USD/CHF continues to move in the growth and the rising channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9194. Moving averages indicate a short-term bullish trend for the pair. Prices broke through the areas between the signal lines upward, 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 a test of…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move in the correct form and model of ”Triangle”. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 73.66. 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 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 March 5, 2021, we should expect an attempt to develop…
BTC/USD trading at 49628, and continue to move in the correction and uplink. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $923,997,706,747. Moving averages indicate a short-term bullish trend of Bitcoin. Prices went up from 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, March 5, 2021, we should expect an attempt to develop a correction in the value of a digital asset…
Ethereum are trading at 1561.12 and continue to move as part of the correction and the formation of an inverted “Head and Shoulders” reversal pattern. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $179,993,989,389. Moving averages indicate a short-term bearish trend in Ethereum. Prices are again pushing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the asset value already from the current levels.At the moment, we should expect an attempt to develop a downward correction in the value of the coin and a test…
LTC/USD are traded at 186.46 and continue to move as part of the correction and the formation of the ”Triangle” pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $12,399,347,950. Moving averages indicate a short-term bearish trend for Litecoin. However, prices have broken through the area between the signal lines upward, 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 in the value of a digital asset and a…
XRP/USD are trading at 0.4471 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 $20,796,575,353. Moving averages indicate a short-term bearish trend for 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 downward correction of the asset and a test of the…
Stock index S&P 500 continue to move within the correction and the downward channel. 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 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 3809. At the moment, we should expect an attempt to develop a correction and test the support level near the 3745 area. Where can we expect a rebound…