Author: forex24pro

Stock index S&P 500 continue to move within the correction and the ascending channel. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines upwards again, which indicates pressure from buyers of the asset and a potential continuation of the growth 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 3894. At the moment, we should expect an attempt to develop a correction and test the support level near the 3845 area. Where can we expect…

LTC/USD are trading at 194.84 and continue to move as part of the correction and the formation of a large ”Triangle” pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $13,050,405,116. Moving averages indicate a short-term bullish trend for Litecoin. Prices are again testing 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…

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1931 area. The pair continues to move within the fall and left the ascending channel. Moving averages indicate a bullish trend for the pair. Prices are again 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 a test of the resistance area near the level of 1.1985. Where is the rebound and the continuation of the fall of…

BRENT finish the trading week near the area of ​​$ 62.99 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 50.65. Then, a rebound and continued growth of oil to the area above the level of $ 85.65 per barrel. BRENT…

Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3943 area. The pair continues to move within the correction and 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 grow and test the resistance area near the level of 1.4135. Further, the rebound and the beginning of the fall in the Pound/Dollar quotes to the area below…

Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 74.03 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 22 — 26, 2021 we should expect an attempt to develop growth and test the resistance area near the level of 75.85. Where can we expect a rebound and the beginning…

Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7763 area. The pair continues to move within the correction and ascending channel. The “Head and Shoulders” reversal pattern is also forming here. Moving averages indicate a bullish trend. Prices are again testing the areas between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth in the value of the currency pair. At the moment, we should expect an attempt to continue the development of a bullish correction and a test of the resistance area near the…

The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2470. The pair continues to move within the framework of the correction and the formation of the “Wedge” pattern. Moving averages indicate a bearish trend. Prices moved down from the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the fall. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 1.2345 area. Then, a rebound upward and the beginning of growth…

Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 108.66 area. The pair continues to move within the framework of the growth and ascending channel. Moving averages indicate a bearish trend. However, prices have broken through the area between the signal lines upward, which indicates pressure from 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 106.85 area. Then, the rebound and the continuation of the rise of the pair to…

GOLD is completing the trading week near the 1742 area. XAU/USD quotes continue to move within the fall and the downtrend channel. Moving averages indicate a bullish trend for Gold. However, prices have broken through the area between the signal lines downward, which indicates pressure from sellers and a potential continuation of the fall and a possible reversal of the trend. 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 ​​1695. Further, the continued growth of the GOLD price with a potential target above…