XRP/USD are trading at 0.4283 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 $20,318,890,645. Moving averages indicate a short-term bullish trend for Ripple. However, 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 XRP rate decline in the market already 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…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
Stock index S&P 500 continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a short-term bearish trend. However, prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of the rise in the stock index in the market 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…
BCH/USD are trading at 536.59 and continue to move within the growth and the downward channel. The capitalization of the Bitcoin Cash cryptocurrency at the time of the publication of the forecast is $10,001,683,330. Moving averages indicate a short-term bearish trend for Bitcoin Cash. However, prices have broken through the area between the signal lines upward, 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 March 3, 2021, we should expect an attempt to develop a correction in the value of the…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a short-term bullish trend for the pair. However, prices have broken through the area between the signal lines, which indicates pressure from the sellers of the European currency and a potential continuation of the fall in quotations from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.2042. As part of the Forex forecast for March 2, 2021, we should expect an attempt to develop growth and…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3954. Moving averages indicate a short-term bearish trend. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt at a bullish correction of the British Pound against the US Dollar and a test of the…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and the downward channel. Moving averages indicate a short-term bearish trend. Prices went down from the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the fall 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 0.7741. At the moment, we should expect an attempt to develop a correction and test the…
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 106.72. 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 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 March 2, 2021, we…
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 $ 65.24 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices pushed up from the area between the signal lines, which indicates pressure from buyers of “Black Gold” and a potential continuation of the rise in the value of the asset already 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 $…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2687. Moving averages indicate a short-term bearish trend for the pair. However, prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of the growth of the price pair in the near future. At the moment, we should expect an attempt to develop a downward correction and a test of…
GOLD continue to move within the correction and the downward channel. At the time of the publication of the forecast, the price of GOLD is 1745 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices went down from the area between the signal lines, 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 bullish correction and test the resistance level near the area of 1780. Where can we expect a rebound and the continuation of…