Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2687. Moving averages indicate a short-term bearish trend for the pair. However, prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of the growth of the price pair in the near future. At the moment, we should expect an attempt to develop a downward correction and a test 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.
GOLD continue to move within the correction and the downward channel. At the time of the publication of the forecast, the price of GOLD is 1745 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 1780. Where can we expect a rebound and the continuation of…
Silver continue to move within the correction and the ascending channel. At the time of the publication of the forecast, Silver prices are at $ 26.82. 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 decrease in the value of the metal and a test of the support level near the 26.15 area. Where can we expect a rebound and…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of a strong fall and have left the upward channel. Moving averages indicate a short-term bullish trend for the pair. However, prices have broken down the areas between the signal lines down, 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 Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.7238.…
Currency pair Dollar Franc USD/CHF continues to move as part of the growth and the ascending channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9124. Moving averages indicate a short-term bullish trend for the pair. Prices have broken 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…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 74.06. 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 US currency and a potential continued growth of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for March 2, 2021, we should expect an attempt to develop a rise…
BTC/USD are traded at 49490 and continue to move as part of the correction and the ascending channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $ 892,140,108,620. Moving averages indicate a short-term bullish trend for Bitcoin. Prices are again testing 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 2, 2021, we should expect an attempt to develop a correction in…
Ethereum are trading at 1510.95 and continue to move as part of the correction 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 $175,221,830,427. The moving averages indicate a short-term bearish trend for Ethereum. Prices are retesting the area between signal lines, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset already from current levels.At the moment, we should expect an attempt to develop a downward correction in the value of the coin and…
LTC/USD are traded at 169.44 and continue to move as part of the correction and the formation of a “Double Bottom” reversal pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $11,383,951,851. Moving averages indicate a short-term bearish trend for Litecoin. 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 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 traded at 0.4237 and continue to move within the correction and the upward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $19,740,514,917. Moving averages indicate a short-term bullish trend for Ripple. However, 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 XRP rate decline in the market already from the current levels. At the moment, we should expect an attempt to develop a downward correction of the asset and a test of the…