Author: forex24pro

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall 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 73.57. Moving averages indicate a short-term bearish trend. Prices have broken down the area between the signal lines, which indicates pressure from the sellers of the US currency and a potential continuation of the fall of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for February 17, 2021, we should expect an attempt to…

BTC/USD are traded at 49203 and continue to move as part of the growth and the ascending channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $893,813,288,962. 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 asset price growth from the current levels. As part of the cryptocurrency rate forecast for tomorrow, February 17, 2021, we should expect an attempt to develop a correction in the value of…

Ethereum are traded at 1781.01 and continue to move within the correction and the ascending channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $200,996,664,740. Moving averages indicate a short-term bullish trend for Ethereum. Prices broke up the area between the signal lines, which indicates pressure from buyers and a potential rise in the asset’s value from the current levels. At the moment, we should expect an attempt to correct the value of the coin and test the support level near the area of ​​1675.05. Where can we expect a rebound and…

LTC/USD are traded at 210.85 and continue to move as part of the correction and the formation of the “Triangle” pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $13,551,535,807. Moving averages indicate a short-term bullish trend for Litecoin. Prices are testing the area between the signal lines again, which indicates pressure from buyers of the asset and a potential continuation of the rise 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…

XRP/USD are trading at 0.5320 and continue to move as part of the growth and the ascending channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $23,133,430,451. Moving averages indicate a short-term bullish trend for Ripple. Prices bounced off the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the rise in the XRP rate in the market already from current levels. At the moment, we should expect an attempt to develop a strong downward correction of the asset and a test of the support level…

Stock index S&P 500 continue to move within the framework of a strong correction and an upward channel. Moving averages indicate a short-term bullish trend. Prices have broken up the area between the signal lines down, 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 3925. At the moment, we should expect an attempt to develop a correction and test the support level near the 3905 area. Where…

BCH/USD are traded at 700.47 and continue to move within the growth and ascending channel. Bitcoin Cash capitalization at the time of the forecast is $12,713,158,971 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 17, 2021, we should expect an attempt to develop an asset price correction and a test of the support level near the 625.05 area. Where can…

Currency pair Euro/Dollar EUR/USD continues to move as part of the correction. There is potential for an inverted “Head and Shoulders” pattern to form. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the European currency and a potential continuation of the growth of quotations from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.2129. As part of the Forex forecast for February 16, 2021, we should expect an attempt to develop growth and…

Currency pair Pound/Dollar GBP/USD continues 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 Pound to the US Dollar on Forex is 1.3904. 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 the 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 1.3825.…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and the ascending 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 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 0.7773. At the moment, we should expect an attempt to develop a decline and test the…