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 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 from the current levels. At the time of the publication of the forecast, the index is trading at 3727. At the moment, we should expect an attempt to develop a correction and test the support level near the 3695 area. Where can we expect…

BCH/USD are trading at the level of 410.67 and continue to move within the growth and ascending channel. The capitalization of the Bitcoin Cash cryptocurrency at the time of the publication of the forecast is $ 7,506,632,436. 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 5, 2021, we should expect an attempt to develop an asset value correction and test the…

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.2182 area. The pair continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend for the pair. Prices bounced back from 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 growth and test the resistance area near the level of 1.2285. Where is the rebound and the continuation of the fall of the Euro…

BRENT finish the trading week near the area of ​​$ 51.71 per barrel. And it continues to move within the framework of the growth and the ascending channel. Moving averages indicate a sideways trend. Prices broke the area between the signal lines upward, 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 47.55. Then, a rebound and continued growth of oil to the area above the level of $ 70.05 per…

Currency pair Pound Dollar GBP/USD completes the trading week near the 1.3674 area. The pair continues to move as part of the growth and the formation of the bearish Wolfe Wave pattern. 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. At this point, we should expect an attempt to grow and test the resistance area near the level of 1.3735. Further, the rebound and the beginning of the fall…

Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 74.46 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 January 4 — 8, 2021 we should expect an attempt to develop growth and test the resistance area near the level of 75.65. Where can we expect a rebound and the…

Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7707 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 downward price correction and test the support area near the level of 0.7205. Then, a rebound and…

The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.2721. The pair continues to move within the fall and the downtrend channel. Moving averages indicate a bearish trend. Prices moved 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. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 1.2915 area. Then, a rebound downward and the beginning of a fall in quotations with a…

Quotes of the pair USD/JPY US Dollar to Japanese Yen end the trading week near the 103.24 area. The pair continues to move within the fall and the downtrend channel. Moving averages indicate a bearish trend. Prices moved down from the area between the signal lines, which indicates pressure from US dollar sellers and a potential continuation of the fall. At the moment, we should expect an attempt to develop a fall and a test of the support level near the 102.45 area. Then, the rebound and the continuation of the rise of the pair to the area above the…

GOLD is completing the trading week near the 1900 area. The XAU/USD quotes continue to move within the growth and ascending channel. Moving averages indicate a bullish trend for Gold. Prices are testing the area between the signal lines again, which indicates pressure from buyers and a potential continuation of the upward trend. At the moment, we should expect an attempt to develop a price decline and test the support level near the 1855 area. Further, the GOLD price will continue to rise with a potential target above the level of 2185. GOLD Price Forecast and Weekly Analysis January 4…