Author: forex24pro

XRP/USD are trading at 0.3915 and continue to move within a strong fall and an upward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $17,444,186,871. Moving averages indicate a short-term bullish trend for Ripple. Prices are testing 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 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 the 0.3565…

Stock index S&P 500 continue to move as part of the growth and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a short-term bearish trend. Prices have broken 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 already from the current levels. At the time of the publication of the forecast, the index is trading at 3734. At the moment, we should expect an attempt to develop a correction and test the support level near…

BCH/USD are trading at 423.67 and continue to move in line with the growth and left the “Wedge” reversal pattern. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $7,923,379,589. Moving averages indicate a short-term bullish trend for Bitcoin Cash. Prices broke through the area between the signal lines upwards, 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 3, 2021, we should expect an attempt to develop an asset price correction and test the support…

Tesla stock continue to move as part of the growth and the formation of the bullish “Wolfe Wave” pattern. Moving averages indicate a short-term bearish trend for Tesla. Prices are testing the area between the signal lines again, which indicates pressure from the sellers of the securities. At the time of publication of the forecast, the share price is 839.83. As part of the forecast, we should expect an attempt to develop a correction and test the support level near the 805.05 area. Further, a rebound and continued growth in the value of securities. A potential target of such a…

GME continue to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a short-term bullish trend in GameStop. Prices are testing the area between the signal lines again, which indicates pressure from buyers of securities. At the time of publication of the forecast, the share price is 248.08. As part of the forecast, we should expect an attempt to develop a correction and a test of the support level near the 175.05 area. Further, a rebound and continued growth in the value of securities. The potential target of such a movement is the…

AMC quotes continue to move within the correction and the upward channel. Moving averages indicate a short-term bullish trend in the AMC. Prices are testing the area between the signal lines again, which indicates pressure from buyers of securities. At the time of publication of the forecast, the share price is 14.38. As part of the forecast, we should expect an attempt to develop a correction and a test of the support level near the 12.45 area. Further, a rebound and continued growth in the value of securities. A potential target of such a movement is the area above the…

Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the “Triangle” model. Moving averages indicate a short-term bullish trend for the pair. Prices have broken down again 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 1.2113. As part of the Forex forecast for February 2, 2021, we should expect an attempt to develop growth and test the resistance…

Currency pair Pound/Dollar GBP/USD continues to move as part of the next growth and the formation of the “Wedge” reversal pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3729. 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 rise in the instrument. At the moment, we should expect an attempt to grow the British Pound against the US Dollar and test the resistance…

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 broke through the area between the signal lines down again, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall in the value of the instrument from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7633. At the moment, we should expect an attempt to develop a correction and test…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the ascending channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 104.85. 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 the US Dollar buyers and a potential continuation of the price growth from the current levels. As part of the forecast for the Japanese Yen exchange rate for February 2, 2021, we…