Author: forex24pro

GOLD continue to move within the fall and the downtrend channel. At the time of the publication of the forecast, the price of GOLD is 1725 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 1770 area. Where can we expect a rebound and the continuation of the…

Silver continue to move within the fall and the downtrend channel. At the time of the publication of the forecast, Silver prices are at $ 26.56. Moving averages indicate a 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 in value from the current levels. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the support level near the 26.05 area. Where can we expect a rebound and…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a short-term sideways trend in the pair. Prices broke through the areas between the signal lines downward, which indicates pressure from the sellers 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 Forex forecast, the rate of the New Zealand Dollar to the US Dollar is…

Currency pair Dollar Franc USD/CHF continues to move as part of the growth and the ascending channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9174. 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 correction of the US Dollar against the Swiss Franc and…

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 the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 73.71. 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 4, 2021, we should expect…

BTC/USD are traded at 51543 and continue to move as part of the correction and the upward channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $977,154,179,628. 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 4, 2021, we should expect an attempt to develop a correction in the…

Ethereum are trading at 1605.22 and continue to move as part of the correction and the formation of an inverted ”Head and Shoulders” reversal pattern. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $187,713,883,865. Moving averages indicate a short-term bearish trend for Ethereum. Prices broke the area between signal lines upward, which indicates pressure from buyers and a potential continuation of the asset value growth already from the current levels.At the moment, we should expect an attempt to develop a downward correction in the value of the coin and a test of the support level…

LTC/USD are traded at the level of 191.83 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 $12,868,630,411. Moving averages indicate a short-term bearish trend for Litecoin. However, prices have broken through the area between the signal lines upward, 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 in the value of a digital…

XRP/USD are trading at 0.4524 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 $20,865,763,480. 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 as part of the correction and the formation of an inverted “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 3888. At the moment, we should expect an attempt to develop a correction and test the support level near…