Author: forex24pro

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the formation 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 76.20. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the American currency and a potential continuation of the growth of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for April 20, 2021, we…

BTC/USD are traded at 56775 and continue to move as part of the fall and the beginning of the development of the “Wedge” reversal pattern. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $ 1,053,847,195,500. Moving averages indicate a short-term bullish trend for Bitcoin. Prices push off 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, April 20, 2021, we should expect…

Ethereum are trading at 2211.50 and continue to move as part of the correction and the bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $255,398,470,511. 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 the area of…

XRP/USD are trading at 1.3811 and continue to move as part of the correction and the upward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $62,186,091,191. Moving averages indicate a short-term bullish trend for Ripple. Prices are again testing 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 framework of good growth and a bullish 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 4165. At the moment, we should expect an attempt to develop a correction and test the support level near the 4155 area. Where…

LTC/USD are trading at 271.77 and continue to move as part of a strong correction after an aggressive growth. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $17,787,973,236. 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 test of the support level near…

Amidst claims that Bitcoin SV (BSV) is spreading misinformation by claiming to be the original Bitcoin, cryptocurrency exchanges all over the world still trust the value of its token and blockchain. This is because in actuality, Bitcoin SV is correcting misinformation that had been spread about Bitcoin and blockchain technology. Bitcoin SV is the real original Bitcoin, and it is committed to carrying out Bitcoin creator Satoshi Nakamoto’s original vision; hence, the name Bitcoin Satoshi Vision. Nakamoto is known in the real world as nChain Chief Scientist Dr. Craig S. Wright, who published the Bitcoin white paper in 2008. There…

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. 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 area near the level of 1.2085. Where is the rebound and the…

BRENT finish the trading week near the area of ​​$ 66.99 per barrel. And it continues to move within the correction and the upward 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 57.55. Then, a rebound and continued growth of oil to the area above the level of $ 84.05 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 1.3875. Further, the rebound and the beginning…