Author: forex24pro

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 broke up the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth of the stock exchange index in the market from the current levels. At the time of the publication of the forecast, the index is trading at 3734. At the moment, we should expect an attempt to develop a correction and test the support level near the 3765 area. Where can we expect…

BCH/USD are trading at 438.21 and continue to move as part of the growth and the ascending channel. The capitalization of the Bitcoin Cash cryptocurrency at the time of the publication of the forecast is $8,069,946,297. Moving averages indicate a short-term bullish trend for Bitcoin Cash. Prices broke through the area between the signal lines upwards, 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 4, 2021, we should expect an attempt to develop an asset price correction and test the…

GME continue to move within a serious fall. Moving averages indicate a short-term bullish trend in GameStop. Prices are testing the area between the signal lines again, which indicates pressure from buyers of securities. At the time of publication of the forecast, the share price is 95.76. As part of the forecast for the value of GME shares, we should consider an attempt to develop growth and test the resistance level near the 115.05 area. Further, the rebound and the continuation of the fall in the value of securities. The potential target of such a movement is the area below…

AMC continue to move within the correction and the upward channel. Moving averages indicate a short-term bullish trend in the AMC. Prices were able to bounce off the area between the signal lines, which indicates pressure from buyers of securities. At the time of publication of the forecast, the share price is 7.92. As part of the forecast, we should expect an attempt to develop a correction and test the support level near the 5.50 area. Further, a rebound and continued growth in the value of securities. A potential target of such a movement is the area above the level…

Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the beginning of the development of the ”Triangle” model. Moving averages indicate a short-term bearish trend for the pair. Prices went down from 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 1.2035. As part of the Forex forecast for February 3, 2021, we should expect an attempt to develop growth and test…

Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the formation of the ”Wedge” reversal pattern. At the time of the publication of the forecast, the Pound/Dollar rate on Forex is 1.3677. Moving averages indicate a short-term bullish 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 to grow the British Pound against the US Dollar and test the resistance area near the level of 1.3705.…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the fall and the downward channel. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines down again, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall 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 0.7597. At the moment, we should expect an attempt to develop a correction and a test of…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the ascending channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 105.01. Moving averages indicate a short-term bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from US Dollar buyers and a potential continuation of price growth from current levels. As part of the forecast for the Japanese Yen exchange rate for February 3, 2021, we should expect an…

Brent continue to move as part of the growth and the beginning of the development of the ”Triangle” model. At the time of the publication of the forecast, the price of Brent crude oil is $ 57.69 per barrel. Moving averages indicate a short-term sideways trend for oil. Prices have broken the area between the signal lines up, 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…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and formation of the ”Triangle” model. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2806. 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 buyers and a potential continuation of the rise in the pair of prices in the near future. At the moment, we should expect an attempt to develop a decline and a test of…