Author: forex24pro

XRP/USD are traded at 0.5239 and continue to move as part of the correction and the beginning of the “Wedge” model. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $24,380,721,047. Moving averages indicate a short-term bearish trend for Ripple. Prices bounced off the area between the signal lines, which indicates pressure from the sellers of the asset and the 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…

Stock index S&P 500 continue to move within the correction and the upward channel. Moving averages indicate a short-term bullish trend. 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 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 3913. At the moment, we should expect an attempt to develop a correction and test the support level near the 3855 area. Where can we expect a rebound…

BCH/USD are trading at 696.15 and continue to move as part of the correction and the formation of the “Triangle” pattern. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $13,234,789,872. Moving averages indicate a short-term bullish trend for Bitcoin Cash. Prices went up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the rise from the current levels. As part of the cryptocurrency rate forecast for February 19, 2021, we should expect an attempt to develop an asset price correction and test the…

Currency pair Euro/Dollar EUR/USD continues to move as part of the fall. There is potential for an inverted “Head and Shoulders” reversal pattern to form. Moving averages indicate the presence of a short-term sideways trend in the pair. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the European currency and a potential continuation of the fall in quotations already from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.2060. As part of the Forex forecast for February 18, 2021, we should expect…

Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the upward channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3856. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines again, which indicates pressure from buyers of the currency pair and a potential continued growth of the instrument. At the moment, we should expect an attempt to correct the British Pound against the US Dollar and test the support area near the level of 1.3780. Where…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and the ascending channel. The formation of the “Head and Shoulders” reversal pattern should not be ruled out. 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 currency pair and a potential continuation of the growth in the value of the instrument already from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7736. At…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the framework of strong growth and an upward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 106.03. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines again, which indicates pressure from the US Dollar buyers and a potential continuation of the rise in prices from the current levels. As part of the forecast for the Japanese Yen rate for February 18, 2021,…

Brent continue to move within the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 64.23 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken the area between the signal lines up, which indicates pressure from buyers of “Black Gold” and a potential continuation of the rise in the value of the asset from the current levels. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the area of ​​$ 63.05…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the formation of an inverted “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2703. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the price pair in the near future. At the moment, we should expect an attempt to develop growth and…

GOLD continue to move as part of the correction and the formation of the “Wedge” reversal pattern. At the time of the publication of the forecast, the price of GOLD is 1781 Dollars per Troy Oz. 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 from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1775 area. Where can we expect a rebound…