Author: forex24pro

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 0.9175. Moving averages indicate a short-term bullish trend for the pair. Prices broke 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 a…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction 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 73.82. 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 3, 2021, we should expect an attempt to…

BTC/USD are traded at 49490 and continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $919,985,975,308. Moving averages indicate a short-term bullish trend for Bitcoin. Prices are again testing 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 3, 2021, we should expect an attempt to develop a…

Ethereum are trading at 1564.26 and continue to move as part of the correction and the formation of the ”Head and Shoulders” reversal pattern. The capitalization of Ethereum at the time of the publication of the forecast is $181,859,333,138. Moving averages indicate a short-term bearish trend for Ethereum. Prices are retesting the area between signal lines, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset 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…

LTC/USD are traded at 181.13 and continue to move as part of the correction and the formation of a “Double Bottom” reversal pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $12,191,491,909. Moving averages indicate a short-term bearish trend for Litecoin. Prices are again 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 in the value of a digital asset and a…

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…

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…