Author: forex24pro

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the formation of the ”Triangle” model. At the time of publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 74.26. Moving averages indicate a short-term bearish trend. Prices are again testing 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 March 9, 2021, we should expect an…

BTC/USD are traded at 49628 and continue to move as part of the correction and the ascending channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $936,095,901,086. Moving averages indicate a short-term bullish trend for Bitcoin. Prices went up from 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 9, 2021, we should expect an attempt to develop a correction in the value of a…

Ethereum are trading at 1674.83 and continue to move as part of the correction and the formation of the ”Wedge” reversal pattern. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $197,321,218,270. Moving averages indicate the presence of a short-term bullish trend in Ethereum. Prices broke the area between the signal lines upwards , which indicates pressure from buyers and a potential continued growth in the value of the asset already from the current levels.At the moment, we should expect an attempt to develop the growth of the coin’s value and test the resistance level near…

XRP/USD are trading at 0.4540 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 $21,555,522,730. Moving averages indicate a short-term bullish trend for Ripple. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the XRP rate growth 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 of the support level near…

Stock index S&P 500 continue to move within the correction and the downward channel. Moving averages indicate a short-term bearish trend. Prices pushed down from 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 from the current levels. At the time of the publication of the forecast, the index is trading at 3801. At the moment, we should expect an attempt to develop a correction and test the support level near the 3775 area. Where can we expect a rebound…

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1932 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 downward correction and a test of the support area near the level of 1.1995. Where is the rebound and the continuation of the fall of…

BRENT finish the trading week near the area of ​​$ 68.09 per barrel. And it 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 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 58.95. Then, a rebound and continued growth of oil to the area above the level of $ 84.15…

Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3798 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 grow and test the resistance area near the level of 1.3945. Further, the rebound and the beginning of the fall in the Pound/Dollar quotes…

Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 74.57 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 the US dollar buyers. In the current trading week March 8 — 12, 2021 we should expect an attempt to develop growth and a test of the resistance area near the level of 76.55. Where can we expect a rebound…

Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7658 area. The pair continues to move within the fall and ascending channel. Moving averages indicate a bullish trend. Prices are testing the areas between the signal lines again, 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 test the resistance area near the level of 0.7855. Then, the rebound and the continuation of the fall…