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 formation of the downward “Wolfe Wave” pattern. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the areas between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of growth in the near future. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6755. At the moment, we should expect an attempt…

Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the formation of the “Wedge” reversal pattern. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9086. Moving averages indicate a short-term bearish trend for the pair. Prices are once again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the decline in the asset’s value from the current levels. At the moment, we should expect an attempt to develop a correction in the US…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move within the framework of the correction and the upward channel, there is also a potential for the formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 73.1. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the American currency and potential continued growth. As part of the dollar exchange rate forecast for September 2, 2020, we should expect…

BTC/USD are traded at 11858 and continue to move as part of the correction of the ascending channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $221 196 166 516. Moving averages indicate a short-term bullish trend for Bitcoin. Prices are bouncing off the area between the lines, which indicates pressure from Digital Gold buyers and potential continued growth in the asset’s value. As part of the cryptocurrency rate forecast for tomorrow, September 2, 2020, we should expect an attempt to develop a downward correction in the value of a digital asset and a test…

ETH/USD are trading at 466.43 and continue to move as part of the growth and the ascending channel. Cryptocurrency capitalization Ethereum at the time of the publication of the forecast is $54 244 657 678. Moving averages indicate a short-term bullish trend for Ethereum. Prices pushed up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the value of the asset from the current levels. At the moment, we should expect an attempt at a bearish correction in the value of the coin and a test of the support…

LTC/USD are trading at 61.74 and continue to move as part of the growth, and were also able to break through the upper border of the descending channel. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $4 126 652 275. Moving averages indicate a short-term bullish trend for Litecoin. Prices broke through the area between the signal lines upward, 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 decrease in the value of a digital…

XRP/USD are trading at 0.2866 and continue to move as part of the growth and the downward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $13 180 028 573. Moving averages indicate a short-term bullish trend for Ripple. Prices have broken the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continued growth. At the moment, we should expect an attempt to develop a downward correction of a digital asset and a test of the support level near the 0.2755 area. Further, the cryptocurrency will continue…

Stock index S&P 500 continue to move as part of the correction and the formation of the “Triangle” model. At the time of the publication of the forecast, the index is trading at 3509. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 3485 area. Where can we expect a rebound and continued growth in the S&P 500 quotes to the area above the 3575 level. S&P 500 Forecast and Analysis September 2, 2020 An additional signal in favor of the growth of the stock exchange index…

Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the European currency and a potential continuation of the fall from the current levels. At the time of the publication of the forecast, the EUR/USD rate is 1.1980. As part of the Forex forecast for September 1, 2020, we should expect an attempt to grow and test the resistance level near the…

Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the “Wolfe Wave” reversal pattern at higher time intervals. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3366. Moving averages indicate a short-term bullish trend. Prices bounced off the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the asset’s growth. At the moment, we should expect an attempt to continue the growth of the British Pound against the US Dollar…