Author: forex24pro

XRP/USD are trading at 0.5573 and continue to move as part of the correction and the formation of the “Triangle” pattern. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $24,952,800,358. 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…

Stock index S&P 500 continue to move within the correction and the upward channel. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the asset and the 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 3876. At the moment, we should expect an attempt to develop a correction and test the support level near the 3845 area. Where can we expect a rebound…

BCH/USD are trading at 696.15 and continue to move within a strong correction and an upward channel. The capitalization of the Bitcoin Cash cryptocurrency at the time of the publication of the forecast is $11,272,043,917. Moving averages indicate a short-term bullish trend for Bitcoin Cash. Prices are testing the area between the signal lines, 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 23, 2021, we should expect an attempt to develop an asset price correction and test the support level…

Currency pair Euro Dollar EUR/USD completes the trading week near the area of ​​1.2117. The pair continues to move within the correction and the upward channel. Moving averages indicate a bullish trend for the pair. Prices bounced off the area between the signal lines, which indicates pressure from buyers of the European currency and the likely continuation of growth from the current levels. At the moment, we should expect an attempt to develop a downward correction and a test of the support area near the level of 1.1965. Where is the rebound and continued growth expected from the Euro Dollar.…

BRENT finish the trading week near the area of ​​$ 61.79 per barrel. And it continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from buyers of raw materials and a potential continuation of the rise. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level of 52.05. Then, a rebound and continued growth of oil to the area above the level of $ 79.65 per barrel. BRENT…

Currency pair Pound Dollar GBP/USD completes the trading week near the 1.3977 area. The pair continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the British Pound against the US Dollar at current levels. For now, we should expect an attempt to correct and test the support area near the level of 1.3535. Further, the rebound and the beginning of the rise in the Pound/Dollar quotes to…

Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 73.94 rubles per US dollar. The pair continues to move as part of the correction and the formation of a large “Triangle” pattern. Moving averages indicate a bullish trend. Prices are again testing from the area between the signal lines, which indicates pressure from the US dollar buyers. In the current trading week February 22 — 26, 2021 we should expect an attempt to develop growth and test the resistance area near the level of 74.35. Where can we expect a rebound and the…

Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7806 area. The pair continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend. Prices have moved up far from the area between the signal lines, which indicates pressure from buyers of the asset and the potential continued growth of the value of the currency pair. At the moment, we should expect an attempt to continue the development of the correction and test the support area near the level of 0.7625. Then, a rebound and continued growth…

The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.2680. The pair continues to move within the correction and the downtrend channel, here the “Triangle” pattern is being formed. Moving averages indicate a bearish trend. Prices moved down from the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the fall. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 1.2755 area. Then, a rebound down and the beginning of…

Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 105.44 area. The pair continues to move within the framework of strong growth and a downward channel. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines again, which indicates pressure from US dollar sellers and a potential continuation of the fall. At the moment, we should expect an attempt to develop growth and test the resistance level near the area of ​​105.95. Then, the rebound and the continuation of the fall of the pair to the area below…