Author: forex24pro

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 0.7205. At the moment, we should expect…

Currency pair Dollar Franc USD/CHF continues to move as part of the fall and the downward channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.8829. Moving averages indicate a short-term bearish trend for the pair. Prices went down again from the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset from the current levels. At the moment, we should expect an attempt to develop a slight decline in the US Dollar against…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the formation of the “Head and Shoulders” model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 74.38. Moving averages indicate a short-term bearish trend. Prices broke up 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 December 31, 2020, we should expect an attempt…

BTC/USD are traded at 28015 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 $ 524,495,251,977. Moving averages indicate a short-term bullish trend for Bitcoin. Prices are testing the area between the lines again, which indicates pressure from buyers of Digital Gold and a potential continuation of the asset’s price growth from the current levels. As part of the cryptocurrency rate forecast for tomorrow, December 31, 2020, we should expect an attempt to develop a slight correction in the value…

Ethereum are traded at the level of 730.89 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 $ 83,814,037,090. 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 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…

LTC/USD are traded at 125.79 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 $ 8,349,909,060. Moving averages indicate a short-term bullish trend for Litecoin. Prices are again testing 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 0.2210 and continue to move within the fall and the downtrend channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $ 10,195,488,871. 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 the 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 resistance level…

Stock index S&P 500 continue to move within the framework of the growth and the upward 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 3731. 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…

Currency pair Euro/Dollar EUR/USD continues 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 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 1.2205. As part of the Forex forecast for December 30, 2020, we should expect an attempt to grow and test the resistance level near the 1.2265 area. Further, the rebound and…

Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3513. Moving averages indicate a short-term bullish trend. Prices are bouncing again from 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 at a bullish correction of the British Pound against the US…