Author: forex24pro

GOLD continue to move as part of the growth and the beginning of the development of the next bullish “Wolfe Wave” pattern. At the time of the publication of the forecast, the price of GOLD is 1807 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices are testing 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 correction and test the support level near the 1765 area. Where can…

Silver continue to move as part of the correction and the formation of an inverted “Head and Shoulders” pattern. At the time of the forecast publication, Silver prices are at $ 27.68. Moving averages indicate a bullish trend. 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 in value from the current levels. At the moment, we should expect an attempt to develop a decrease in the value of the metal and a test of the support level near the 27.05 area. Where can…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the growth and formation of the “Triangle” pattern. Moving averages indicate a short-term bullish trend for the pair. Prices have broken the area between the signal lines upwards, 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 Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.7328. At the moment, we…

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 exchange rate of the US Dollar to the Swiss Franc is 0.8994. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the areas between the signal lines upward, which indicates pressure from buyers and a potential continuation of the asset’s price growth from the current levels. At the moment, we should expect an attempt to develop a slight rise in the US Dollar against the Swiss Franc…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the formation of the “Wedge” reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 74.14. Moving averages indicate a short-term bearish trend. Prices are testing the area between the signal lines down again, 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 24, 2021, we…

BTC/USD are trading at the level of 53273 and continue to move within the framework of a strong fall and a downward channel. The capitalization of the cryptocurrency Bitcoin at the time of the publication of the forecast is $914,485,326,449. Moving averages indicate a short-term bearish trend for Bitcoin. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of Digital Gold and a potential continuation of the fall in the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, February 24, 2021, we should expect an attempt…

Ethereum are traded at 1538 and continue to move within the correction and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $183,739,421,683. Moving averages indicate a short-term bullish trend for Ethereum. Prices are again testing 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 at a bullish correction in the value of the coin and a test of the resistance level near the area of ​​1625.05. Where…

LTC/USD are traded at 173.84 and continue to move as part of a strong correction and a downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $11,975,553,830. Moving averages indicate a short-term bearish 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 support level…

XRP/USD are trading at 0.4569 and continue to move within the correction and the upward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $21,522,474,725. Moving averages indicate a short-term bearish trend for Ripple. Prices bounced off the area between the signal lines, which indicates pressure from the sellers of the asset and the potential continuation of the XRP rate decline 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 the 0.4175 area.…

Stock index S&P 500 continue to move within the correction and the upward channel. Moving averages indicate a short-term bearish trend. 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 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 3846. At the moment, we should expect an attempt to develop a correction and test the support level near the 3785 area. Where can we expect a rebound…