Author: forex24pro

XRP/USD are trading at 0.29351 and continue to move as part of the correction and the downward channel. A head and shoulders reversal pattern is also forming here. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $13,525,214,969. Moving averages indicate a short-term downtrend in Ripple. 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 XRP rate drop in the market already from current levels. At the moment, we should expect an attempt to develop a downward correction of the…

Stock index S&P 500 continue to move within the framework 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 asset and a potential continuation of the growth of the stock index in the market already from the current levels. At the time of the publication of the forecast, the index is trading at 3790. At the moment, we should expect an attempt to develop a correction and test the support level near the 3775 area. Where can we…

BCH/USD are trading at 477.43 and continue to move as part of the correction and the ascending channel. The capitalization of the Bitcoin Cash cryptocurrency at the time of the publication of the forecast is $8,815,867,274. Moving averages indicate a short-term bullish trend for Bitcoin Cash. Prices went up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. As part of the cryptocurrency rate forecast for January 13, 2021, we should expect an attempt to develop an asset price correction and a test of…

Online trading is fast becoming one of the largest and most liquid financial markets in the world. It may be the largest financial market in the world by total volume. However, this growth has also created some unique trading situations that are currently proving to be more challenging for traders to master. Every investor should make it a goal to understand what he’s getting into before starting anything. The convenience and accessibility of online trading platforms are just some of the reasons for increased investors’ growth. However, the lack of laws governing various online trading entities’ rights and responsibilities has…

Currency pair Euro/Dollar EUR/USD continues to move within the fall and the rising channel. 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 sellers of the European currency and a potential continuation of the decline from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.2155. As part of the Forex forecast for January 13, 2021, we should expect an attempt to develop growth and test the resistance level near the 1.2235 area. Further, the rebound…

Currency pair Pound/Dollar GBP/USD continues to move as part of the correction 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 1.3596. Moving averages indicate a short-term bullish trend. However, prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the currency pair and a potential continuation of the instrument’s decline. At the moment, we should expect an attempt to grow the British Pound against the US Dollar and test the resistance area near the level of…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and the ascending channel. The “Head and Shoulders” reversal pattern is also forming here. Moving averages indicate a short-term bullish trend. Prices are again testing 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 from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7706. At the moment, we should expect…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 104.17. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the US Dollar and a potential continuation of the fall in prices already from the current levels. As part of the forecast for the Japanese Yen rate for January…

Brent continue to move within the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 56.40 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices went up from the area between the signal lines, which indicates pressure from buyers of “Black Gold” and a potential continuation of the rise in the value of the asset from the current levels. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the area of ​​$ 54.95…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2749. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the price pair’s growth in the near future. At the moment, we should expect an attempt to develop a decline and a test of the support level near…