Author: forex24pro

Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the upward channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9004. Moving averages indicate a short-term bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the asset’s value growth from the current levels. At the moment, we should expect an attempt to develop a slight fall in the US Dollar rate against the Swiss Franc and…

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 74.38. Moving averages indicate a short-term bullish trend. However, 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 forecast of the Dollar exchange rate for February 9, 2021, we should expect…

BTC/USD are traded at 44039 and continue to move within the framework of a strong growth and an upward channel. The move came on the news that Tesla is investing $1.5 billion in Bitcoin. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $816,004,948,521. 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 asset’s price growth from the current levels. As part of the cryptocurrency rate forecast for tomorrow,…

Ethereum are traded at the level of 1661.19 and continue to move as part of the growth and the ascending channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $190,358,971,956. Moving averages indicate a short-term bullish trend for Ethereum. Prices went up from the area between the signal lines, which indicates pressure from buyers and a potential rise in the asset 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 ​​1490.55. Where…

LTC/USD are traded at 152.97 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 $10,199,323,751. Moving averages indicate a short-term bullish trend for Litecoin. Prices are testing 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. At the moment, we should expect an attempt to develop a correction in the value of a digital asset and a test of the support…

XRP/USD are trading at 0.4237 and continue to move within the growth and upward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $19,206,352,071. 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 from the 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 framework of the growth and the ascending channel. Moving averages indicate a short-term bullish trend. Prices broke up the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth of the stock exchange index in the market from the current levels. At the time of the publication of the forecast, the index is trading at 3889. 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…

BCH/USD are traded at 453.07 and continue to move as part of the correction and the ascending channel. The capitalization of the Bitcoin Cash cryptocurrency at the time of the publication of the forecast is $8,521,827,694. Moving averages indicate a short-term bullish trend for Bitcoin Cash. Prices are again testing 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 8, 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 1.1962 area. The pair continues to move within the fall. Moving averages indicate a bullish trend for the pair. Prices are again testing the areas 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 growth and test the resistance area near the level of 1.2155. Where is the rebound and the continuation of the fall of the Euro/Dollar expected. A potential target of the decline…

BRENT finish the trading week near the area of ​​$ 59.08 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 48.65. Then, a rebound and continued growth of oil to the area above the level of $ 77.85…