Author: forex24pro

Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the formation of the “Head and Shoulders” model, buyers cannot break through the nearest resistance. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9092. Moving averages indicate a short-term bearish trend for the pair. Prices bounced off the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the asset value from the current levels. At the moment, we should expect an attempt to…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the formation of a large “Wedge” reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 75.76. Moving averages indicate a short-term bullish trend. Prices bounced off 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 September 22, 2020, we should expect an attempt…

BTC/USD are trading at 10922 and continue to move as part of the correction. Buyers still could not break through the important resistance area of ​​11000, with the breakdown of this level, a good rise in the asset to the local maximum is expected. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $201 502 784 327. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the lines up, which indicates pressure from the sellers of Digital Gold and a potential continuation of the fall in the value of…

ETH/USD are traded at 378.02 and continue to move within the correction and the downward channel. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $41 551 568 365. Moving averages indicate a short-term bullish trend for Ethereum. Prices are testing the areas between the signal lines, which indicates pressure from buyers and a potential continuation of the asset’s price growth 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 level near the 335.95 area. Where can…

LTC/USD are traded at 46.74 and continue to move as part of the correction and the formation of the “Wedge” reversal pattern. Cryptocurrency capitalization Litecoin at the time of the publication of the forecast is $3 076 475 080. Moving averages indicate a short-term bearish trend for Litecoin. Prices went down from 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 decrease in the value of a digital asset and a test…

XRP/USD are trading at 0.2431 and continue to move as part of the fall and the formation of the bullish “Wolfe Wave” pattern. This pattern implies a rebound from the lower border of the model and continued growth to the upper border. Cryptocurrency capitalization Ripple at the time of the publication of the forecast is $10 985 804 661. Moving averages indicate a short-term bearish trend for Ripple. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall. At the moment, we should expect an…

Stock index S&P 500 continue to move as part of the fall, quotes were able to break through the lower border of the ascending channel, which indicates strong pressure from sellers of the index. At the time of the publication of the forecast, the index is trading at 3338. At the moment, we should expect an attempt to develop a bullish correction and test the resistance level near the 3335 area. Where can we expect a rebound and the continuation of the fall in the S&P 500 quotes to the area below the level of 3045. S&P 500 Forecast and…

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1834 area. The pair continues to move within the framework of the correction and the formation of the next “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend for the pair. Prices broke through the area between the signal lines upwards and went far from the indicator lines, which indicates strong pressure from buyers of the European currency and the likely continuation of growth from the current levels. At the moment, we should expect an attempt to develop growth and test the resistance area near the level…

BRENT finish the trading week near the area of ​​$ 43.33 per barrel. And it continues to move within the framework of the growth and the downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from commodity sellers and a potential continuation of the decline. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level of 34.65. Then, a rebound and continued growth of oil to the area above the level of $ 75.00 per barrel.…

Currency pair Pound Dollar GBP/USD completes the trading week near the 1.2960 area. The pair continues to move within the fall and the formation of an inverted Head and Shoulders reversal pattern. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to continue growth and test the resistance area near the level of 1.3265. Further, the rebound and the beginning of the fall…