Author: forex24pro

Currency pair Dollar Franc USD/CHF continues to move as part of the growth and the downward channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.8883. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the asset value from current levels. At the moment, we should expect an attempt to develop a slight fall in the US Dollar rate against the Swiss…

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 73.85. 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 rise in the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for January 14, 2021, we should expect an…

BTC/USD are traded at 34567 and continue to move as part of the correction and the upward channel. A bearish “Wolfe Wave” pattern is also forming here. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $637,992,904,239. Moving averages indicate a short-term bearish trend for Bitcoin. Prices are again testing the area between the lines, which indicates pressure from the sellers of Digital Gold and a potential continuation of the fall in the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, January 14, 2021, we should…

Ethereum are traded at 1067.11 and continue to move within the correction and the upward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $120,777,681,677. Moving averages indicate a short-term bullish trend for Ethereum. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the asset value 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 930.55 area. Where can we expect a…

LTC/USD are traded at 137.91 and continue to move within the correction and the ascending channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $9,056,299,451. Moving averages indicate a short-term bullish trend for Litecoin. 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. 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 the area of…

XRP/USD are trading at 0.29351 and continue to move as part of the correction and the downward channel. A head and shoulders reversal pattern is also forming here. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $13,525,214,969. 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 drop in the market already from current levels. At the moment, we should expect an attempt to develop a downward correction 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 3790. At the moment, we should expect an attempt to develop a correction and test the support level near the 3775 area. Where can we…

BCH/USD are trading at 477.43 and continue to move as part of the correction and the ascending channel. The capitalization of the Bitcoin Cash cryptocurrency at the time of the publication of the forecast is $8,815,867,274. Moving averages indicate a short-term bullish trend for Bitcoin Cash. 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. As part of the cryptocurrency rate forecast for January 13, 2021, we should expect an attempt to develop an asset price correction and a test of…

Online trading is fast becoming one of the largest and most liquid financial markets in the world. It may be the largest financial market in the world by total volume. However, this growth has also created some unique trading situations that are currently proving to be more challenging for traders to master. Every investor should make it a goal to understand what he’s getting into before starting anything. The convenience and accessibility of online trading platforms are just some of the reasons for increased investors’ growth. However, the lack of laws governing various online trading entities’ rights and responsibilities has…

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. Prices are testing the area between the signal lines again, which indicates pressure from the sellers of the European currency and a potential continuation of the decline from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.2155. As part of the Forex forecast for January 13, 2021, we should expect an attempt to develop growth and test the resistance level near the 1.2235 area. Further, the rebound…