Author: forex24pro

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the formation 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 76.02. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, 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 4, 2021, we should expect an attempt to develop…

BTC/USD are traded at 36090 and continue to move within the growth and ascending channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $673,442,922,553. Moving averages indicate a short-term bullish trend for Bitcoin. Prices went up from the area between the signal lines, which indicates pressure from buyers of “Digital Gold” and a potential continuation of the growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, February 4, 2021, we should expect an attempt to develop a correction in the value of a…

Ethereum are trading at the level of 1555.23 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 $ 176,470,857,747. Moving averages indicate a short-term bullish trend for Ethereum. Prices went up from the area between the signal lines, 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 ​​1465.05.…

LTC/USD are traded at 152.10 and continue to move as part of the growth and the beginning of the “Triangle” pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 10,040,906,427. Moving averages indicate a short-term bullish trend for Litecoin. However, prices have broken through the area between the signal lines upward, which indicates pressure from the buyers of the asset and a potential continuation of the rise from the current levels. At the moment, we should expect an attempt to develop a correction in the value of a digital asset and…

XRP/USD are trading at 0.3915 and continue to move within the correction and the upward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $16,982,668,722. Moving averages indicate a short-term bullish trend for Ripple. Prices are testing 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 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 the 0.3545 area.…

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…