GOLD continue to move within the correction and ascending channel. At the time of the publication of the forecast, the price of GOLD is 1859 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices have broken through the area between the signal lines, which indicates pressure from the buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1845 area. Where can we expect a rebound and continued growth in the price of GOLD…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
Silver continue to move within the growth and the ascending channel. At the time of the forecast publication, Silver prices are at $ 29.28. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of the fall in value already from current levels. At the moment, we should expect an attempt to develop a decrease in the value of the metal and a test of the support level near the 27.75 area. Where can we expect a rebound and continued growth in…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the fall and the downtrend channel. Moving averages indicate a short-term sideways trend in the pair. Prices went down from the area with signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall in the value of the instrument already from the current levels. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.7181. At the moment, we should expect…
Currency pair Dollar Franc USD/CHF continues 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 Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.8947. 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 buyers and a potential continuation of the growth of the asset value from the current levels. At the moment, we should expect an attempt to develop a slight fall in the…
Currency pair US Dollar/Russian Ruble USD/RUB continues 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 exchange rate of the US Dollar to the Russian Ruble is 75.46. Moving averages indicate a short-term bullish trend. However, prices have broken the area between the signal lines upward, which indicates pressure from buyers of the US currency and a potential continued growth of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for February 2, 2021, we should…
BTC/USD are trading at 34369 and continue to move as part of the correction and the formation of a bullish “Wolfe Wave.” Cryptocurrency capitalization at the time of the publication of the forecast is $638,093,437,242. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices are retesting the area between the signal lines , which indicates pressure from the sellers of “Digital Gold” and the potential continuation of the fall in the value of the asset already from the current levels. As part of the cryptocurrency rate forecast for tomorrow, February 2, 2021, we should expect an…
Ethereum are trading at the level of 1328.69 and continue to move as part of the growth and the ascending channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $152,165,047,917. Moving averages indicate a short-term bullish trend for Ethereum. Prices are testing the areas between the signal lines again, 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 to correct the value of the coin and test the support level near the area of 1260.05. Where…
LTC/USD are trading at 133.69 and continue to move as part of the correction and the formation of an upward “Wolfe Wave” pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $8,842,524,933. 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 0.4050 and continue to move within a strong fall and an upward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $30,038,207,803. Moving averages indicate a short-term sideways trend in Ripple. Prices went up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the rise in the XRP rate 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…
Stock index S&P 500 continue to move as part of the fall and the formation of the bullish Wolfe Wave pattern. 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 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 3734. At the moment, we should expect an attempt to develop a correction and test the support level near the 3685…