Author: forex24pro

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the formation of the «Wedge» model, which acts as a reversal model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 63.89. Moving averages indicate a short-term bullish trend. Prices push from the area between the signal lines, which indicates pressure from buyers of the American currency. As part of the USD/RUB forecast for tomorrow February 25, 2020, we should expect an attempt to grow and test the resistance level near the area…

BTC/USD are trading at 9736 and continue to move as part of the fall and the formation of the «Wedge» model. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $ 177,907,026,254. Moving averages indicate the presence of a short-term bullish trend in Bitcoin. Prices pushed from the area between the lines, indicating pressure from buyers of digital gold. As part of the cryptocurrency rate forecast for February 25, 2020, we should expect an attempt to lower the value of the digital asset and test the support level near the area of ​​9265. Where again we…

ETH/USD are trading at 265.26 and continue to move as part of the correction and the formation of the «Triangle» model. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $29 410 451 348. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices pushed from the area between the signal lines, indicating pressure from buyers. At the moment, we should expect an attempt to reduce the value of the coin and test the support level near the area of ​​255.05. Where again we should expect a rebound and continued…

LTC/USD are trading at 75.12 and continue to move as part of the correction and the upward channel. The capitalization of Litecoin cryptocurrency at the time of the publication of the forecast is $4 892 216 555. Moving averages indicate the presence of a short-term bullish trend in Litecoin. Prices are again testing the area between the signal lines, which indicates pressure from the sellers, but the potential for a rebound up is still high. At the moment, we should expect an attempt to reduce the value of the digital asset and test the support level near the area of…

XRP/USD are trading at 0.2702 and continue to move as part of the correction and the upward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $11 992 286 892. Moving averages indicate the presence of a short-term bullish trend for Ripple. Prices are testing the area between the signal lines, which indicates pressure from sellers, the growth potential is still quite strong. At the moment, we should expect an attempt to reduce the digital asset and a test of the support level near the 0.2615 area. Further, the continued growth of…

BCH/USD are trading at 387.45 and continue to move as part of the correction and the upward channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $7 116 864 688. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. Prices are testing the area between the signal lines, which indicates pressure from the sellers, however, the potential for upward rebound is still there. As part of the cryptocurrency rate forecast for February 25, 2020, we should expect an attempt to develop a downward correction of the asset value and a…

Tesla stock continue to move as part of the correction and the formation of the «Triangle» model. Moving averages indicate the presence of a short-term bullish trend for Tesla. Prices pushed from the area between the signal lines, which indicates pressure from buyers of securities. At the time of publication of the forecast, the value of the shares is 900.46. As part of the forecast, we should expect an attempt to develop a correction and a test of the support level near the area of ​​765.05. Further, a rebound and continued growth in the value of securities. The potential target…

Currency pair Euro Dollar EUR/USD completes the trading week near the area of ​​1.0790. The pair continues to move within the fall and the bearish channel. Moving averages indicate a downward trend in the pair. The pair pushed off from the area between the signal lines, indicating strong pressure from sellers of the European currency. At the moment, we should expect an attempt to develop a slight correction and test the resistance area near the level of 1.0925. Where is the rebound expected and the continuation of the fall of the Euro/Dollar. The potential target of the rise is the…

BRENT complete the trading week near the area of ​​57.98 dollars per barrel. And it continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices again returned to the area between the signal lines, which indicates strong pressure from buyers of raw materials, but the potential for reduction remains. At the moment, we should expect an attempt to develop a correction and test the resistance area near the level of 60.75. Then, the rebound and the beginning of the fall of oil in the region below the level of 42.05 dollars per barrel.…

Currency pair Pound Dollar GBP/USD completes the trading week near the area of ​​1.2887. The pair continues to move within the correction and the bearish channel. Moving averages indicate a bullish trend. Prices returned to the area between the signal lines, indicating pressure from buyers and a potential upward rebound. At this, we should expect an attempt to correct and test the resistance area near the level of 1.3065. Further, the rebound and the beginning of the fall of the Pound/Dollar quotes to the area below the level of 1.2065. GBP/USD Forecast and Analysis February 24 — 28, 2020 In…