BCH/USD are trading at the level of 414.41 and continue to move as part of the correction and the formation of the “Wedge” reversal pattern. The capitalization of the Bitcoin Cash cryptocurrency at the time of the publication of the forecast is $7,712,970,196. Moving averages indicate a short-term bullish trend for Bitcoin Cash. Prices broke the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. As part of the cryptocurrency rate forecast for February 2, 2021, we should expect an attempt to develop…
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.
Apple continue to move within a strong correction and an upward channel. Moving averages indicate a short-term bullish trend for Apple. Broke down the area between the signal lines, which indicates pressure from the sellers of the shares. At the time of publication of the forecast, the share price is 131.83. As part of the forecast, we should expect an attempt to develop a correction and a test of the support level near the area of 125.05. Further, a rebound and continued growth in the value of securities. A potential target of such a movement is the area above the…
Tesla stock 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 for Tesla. Prices moved down from the area between the signal lines, which indicates pressure from the sellers of securities. At the time of publication of the forecast, the share price is 793.32. As part of the forecast, we should expect an attempt to develop a correction and test the support level near the area of 775.05. Further, a rebound and continued growth in the value of securities. A potential target of such a…
Netflix stock continue to move within the correction and ascending channel. Moving averages indicate a short-term bullish trend for Netflix. Prices are testing 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 532.12. As part of the forecast, we should expect an attempt to develop a correction and test the support level near the 505.00 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 of 635.00. Netflix Stock…
Nvidia stock continue to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a short-term bullish trend for Nvidia. 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 519.32. As part of the forecast, we should expect an attempt to develop a correction and test the support level near the 500.05 area. Further, a rebound and continued growth in the value of securities. A potential target of such a movement is the area…
Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.2125. 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 1.2215. Where is the rebound and the continuation of the fall of the…
BRENT finish the trading week near the area of $ 55.45 per barrel. And it 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 commodity buyers 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 45.05. Then, a rebound and continued growth of oil to the area above the level of $ 71.65 per barrel.…
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3673 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 1.3715. 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 76.12 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 US Dollar buyers. In the current trading week February 1 — 5, 2021 we should expect an attempt to develop growth and test the resistance area near the level of 76.85. Where can we expect a rebound and the beginning…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7645 area. The pair continues to move within the correction and the upward 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 a potential continued growth in the value of the currency pair. At the moment, we should expect an attempt to continue the development of the rise and test the resistance area near the level of 0.7745. Then, the rebound and the continuation of the fall…