Author: forex24pro

GOLD continue to move as part of the correction and the formation of a large inverted “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the price of GOLD is 1935 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices went up the area between the signal lines, which indicates pressure from 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 decline and test the support level near the 1855 area. Where can we expect…

Silver continue to move within the growth and the ascending channel. At the time of the publication of the forecast, Silver prices are $ 27.37. Moving averages indicate a bullish trend. Prices bounced off the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the rise in value from the 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 26.85 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 growth and the ascending channel. 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 of the currency pair and a potential continuation of the growth 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 0.7285. At the moment, we should expect…

Currency pair Dollar Franc USD/CHF continues to move as part of a decline and a downward channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.8770. 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 sellers and a potential continuation of the fall in the asset value already from current levels. At the moment, we should expect an attempt to develop a slight decline in the US Dollar against the Swiss Franc…

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 publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 73.62. Moving averages indicate a short-term bearish trend. Prices have broken down the area between the signal lines, which indicates pressure from the sellers of the US currency and a potential continuation of the fall of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for January 7, 2021, we should expect an…

BTC/USD are trading at 34856 and continue to move as part of the growth and the ascending channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $ 641,721,293,386. Moving averages indicate a short-term bullish trend for Bitcoin. Prices have gone up again from the area between the lines, which indicates pressure from buyers of Digital Gold and a potential continuation of the asset’s value growth from the current levels. As part of the cryptocurrency rate forecast for tomorrow, January 7, 2021, we should expect an attempt to develop a slight correction in…

Ethereum are traded at the level of 1136.90 and continue to move within the growth and ascending channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $ 129,577,628,827. 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 continuation of the rise in the asset value already from current levels. At the moment, we should expect an attempt to correct the value of the coin and test the support level near the 1105.05 area. Where…

LTC/USD are traded at 162.54 and continue to move as part of the rise and the ascending channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 10,900,399,454. Moving averages indicate a short-term bullish trend for Litecoin. 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. At the moment, we should expect an attempt to develop a correction in the value of a digital asset and a test of the support level near…

XRP/USD are trading at 0.2289 and continue to move as part of the correction and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $ 10,572,897,283. Moving averages indicate a short-term downtrend in Ripple. 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 XRP rate decline in the market already from current levels. At the moment, we should expect an attempt to develop a bullish correction of the asset and a test of the…

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 already from the current levels. At the time of the publication of the forecast, the index is trading at 3708. At the moment, we should expect an attempt to develop a correction and test the support level near the 3655 area. Where can we…