Author: forex24pro

XRP/USD are traded at 0.2737 and continue to move as part of the correction and the formation of the “Triangle” pattern. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $12,465,484,236. Moving averages indicate a short-term bullish trend for Ripple. However, prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the XRP rate decline in the market already from the current levels. At the moment, we should expect an attempt to develop a downward correction of the asset and a test…

Stock index S&P 500 continue to move in the rise 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 3843. At the moment, we should expect an attempt to develop a correction and test the support level near the 3775 area. Where can we expect a rebound…

BCH/USD are trading at 445.65 and continue to move as part of the correction and the formation of the “Triangle” pattern. The capitalization of the Bitcoin Cash cryptocurrency at the time of the publication of the forecast is $8,152,517,927. Moving averages indicate a short-term bullish trend for Bitcoin Cash. Prices are testing the area between the signal lines again, 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 22, 2021, we should expect an attempt to develop an asset price correction and…

Currency pair Euro/Dollar EUR/USD continues to move within the fall and the rising channel. Moving averages indicate a short-term bullish trend for the pair. However, prices broke through the area between the signal lines downward, which indicates pressure from buyers of the European currency and a potential continuation of growth from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.2079. As part of the Forex forecast for January 21, 2021, we should expect an attempt to develop growth and test the resistance level, which is located on the pair near the…

Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the formation of the bearish “Wolfe Wave” pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3634. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the rise in the instrument. At the moment, we should expect an attempt to grow the British Pound against the US Dollar and test the resistance area…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of the “Triangle” model. Moving averages indicate a short-term sideways trend. However, the prices of dreams have broken through the area between the signal lines upwards, which indicates pressure from buyers 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 forecast, the rate of the Australian Dollar to the US Dollar is 0.7727. At the moment, we should expect an…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of the “Triangle” pattern. At the time of the publication of the forecast, the USD/JPY rate is 103.76. The moving averages indicate the presence of a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the US Dollar and a potential continuation of price growth already from current levels.As part of the forecast for the Japanese Yen on January 21, 2021, we should expect an…

Brent continue to move within the correction and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 56.36 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices bounced back from the area between the signal lines, which indicates pressure from buyers of “Black Gold” and a potential continuation of the rise in the value of the asset already from the current levels. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the area of ​​$…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the formation of the “Wedge” reversal pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2698. Moving averages indicate a short-term bearish trend for the pair. Prices broke up the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the price pair in the near future. At the moment, we should expect an attempt to develop a decline and a test of…

GOLD continue to move as part of the growth and the downward channel. At the time of the publication of the forecast, the price of GOLD is 1856 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. 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 decline and test the support level near the 1820 area. Where can we expect a rebound and continued growth in…