Stock index S&P 500 continue to move within the correction and the upward channel. Moving averages indicate a short-term bearish trend. Prices are again the area between the signal lines, which indicates pressure from the sellers of the asset and the potential continuation of the fall of the stock index in the market already from the current levels. At the time of the publication of the forecast, the index is trading at 3852. At the moment, we should expect an attempt to develop a correction and test the support level near the 3825 area. Where can we expect a rebound…
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.
BCH/USD are trading at 480.85 and continue to move as part of the correction and the downward channel. The capitalization of the Bitcoin Cash cryptocurrency at the time of the publication of the forecast is $9,033,558,564. Moving averages indicate a short-term bearish trend for Bitcoin Cash. Prices are 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. As part of the cryptocurrency rate forecast for March 2, 2021, we should expect an attempt to develop a correction in the value of an…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.2112 area. The pair continues to move within the correction and ascending channel. Moving averages indicate a bullish trend for the pair. Prices bounced off 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 downward correction and a test of the support area near the level of 1.1975. Where is the rebound and continued growth expected from the Euro Dollar. The potential…
BRENT finish the trading week near the area of $ 64.87 per barrel. And it continues to move within the framework of strong growth and an 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 53.55. Then, a rebound and continued growth of oil to the area above the level of $ 79.05…
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3924 area. The pair continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices moved up from 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 correct and test the support area near the level of 1.3505. Further, the rebound and the beginning of the rise in the Pound/Dollar quotes…
Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 74.77 Rubles per US Dollar. The pair continues to move as part of the correction and the formation of a large “Triangle” pattern. Moving averages indicate a bullish trend. Prices are again testing from the area between the signal lines, which indicates pressure from US dollar buyers. In the current trading week March 1 — 5, 2021 we should expect an attempt to develop growth and test the resistance area near the level of 76.35. Where can we expect a rebound and the beginning…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7761 area. The pair continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices went up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continued growth in the value of the currency pair. At the moment, we should expect an attempt to continue the development of the correction and test the support area near the level of 0.7385. Then, a rebound and continued growth in AUD/USD with a potential…
The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.2644. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices moved down from the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 1.2765 area. Then, a rebound down and the beginning of a fall in quotations with a…
Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 106.26 area. The pair continues to move within the framework of the growth and the downtrend channel. Moving averages indicate a bearish trend. Prices have broken the area between the signal lines upward, which indicates pressure from the US dollar buyers and a potential continuation of the rise. At the moment, we should expect an attempt to develop a correction and a test of the support level near the 105.55 area. Then, the rebound and the continuation of the rise of the pair to…
GOLD is completing the trading week near the 1761 area. XAU/USD quotes continue to move within the correction and the downward channel. Moving averages indicate a bullish trend for Gold. However, prices have broken through the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall. At the moment, we should expect an attempt to develop a decline in prices and a test of the support level near the area of 1665. Further, the continued growth of the GOLD price with a potential target above the level of 2075. GOLD Price Forecast and…