Author: forex24pro

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…

BCH/USD are trading at 696.15 and continue to move as part of a strong correction and a downward channel. The capitalization of the Bitcoin Cash cryptocurrency at the time of the publication of the forecast is $9,770,051,854. Moving averages indicate a short-term bearish trend for Bitcoin Cash. 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. As part of the cryptocurrency rate forecast for February 24, 2021, we should expect an attempt to develop an asset value correction and…

Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of an inverted “Head and Shoulders” reversal pattern. Moving averages indicate a short-term bullish trend for the pair. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the European currency and a potential continuation of the growth of quotations already from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.2142. As part of the Forex forecast for February 23, 2021, we should expect an attempt to develop a fall…

Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and the rising channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.4042. 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 the potential continued growth of the instrument. At the moment, we should expect an attempt to correct the British Pound against the US Dollar and test the support area near the level of 1.3945. Where…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and the ascending channel. 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 growth 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 0.7896. At the moment, we should expect an attempt to develop a decline and test the…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the fall and the ascending channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 105.20. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines again, which indicates pressure from the 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 February 23, 2021, we…