The NZD/USD currency pair quotes continue to move within the framework of a decline and the beginning of the “Broadening Formation” pattern implementation. The moving averages indicate the presence of a short-term upward trend for the pair. Prices broke through the area between the signal lines downwards, indicating selling pressure on the currency pair and the potential continuation of the instrument’s price decline from current levels. At the time of the Forex forecast publication, the New Zealand Dollar to US Dollar exchange rate is 0.5682. Currently, a bullish correction attempt and a test of the resistance level near the 0.5725…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
The USD/CHF currency pair continues to move within the framework of growth development and the beginning of the “Wolfe Wave” pattern formation. At the time of the Forex forecast publication, the US Dollar to Swiss Franc exchange rate is 0.8984. The moving averages indicate a short-term bearish trend for the pair. Prices are once again testing the area between the signal lines, signaling selling pressure and the potential continuation of the asset’s decline from the current levels. Currently, a decline in the US Dollar against the Swiss Franc and a test of the support area near the 0.8945 level are…
BTC/USD quotes are trading at the 86299 level and continue to move within the framework of a bullish correction and a descending channel. The moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines downward, signaling selling pressure on the “Digital Gold” and the potential continuation of the bearish momentum from the current levels. In the cryptocurrency forecast for tomorrow, February 28, 2025, a bullish correction of the digital asset’s price and a test of the resistance level near the 92665 area are expected. From there, another rebound downwards is anticipated,…
ETH/USD quotes are trading at the 2342 level and continue to move within the downtrend and descending channel. Moving averages indicate a short-term bearish trend for Ethereum. Prices broke through the area between the signal lines downwards, indicating selling pressure and the potential for continued asset price decline from current levels. At the moment, an attempt to develop a bullish correction of the coin and test the resistance level near the 2575 area should be expected. From there, a rebound of prices downward and a continuation of the Ethereum exchange rate decline with a potential target below the 1475 level…
Solana is trading at 139.64 at the time of this forecast, continuing its movement within a bearish channel and developing a downward trend. Moving averages indicate a short-term bearish trend for the coin. Prices have broken below the area between the signal lines, suggesting seller pressure and the potential for further decline from current levels. The Solana forecast for today, February 28, 2025, suggests an attempt to develop a bullish correction for the digital asset and test the resistance area near the 155.05 level. From there, a bounce down and a continuation of Solana’s decline to a potential target below…
XRP/USD is trading at 2.2272, continuing its movement within a correction and bearish channel. Moving averages indicate a short-term bearish trend for XRP. Prices have broken below the area between the signal lines, suggesting seller pressure and the potential for further decline from current levels. Currently, a growth attempt and a test of the resistance level near the 2.4000 area are expected. Then, a bounce down and a continuation of the cryptocurrency’s decline to an area below 1.9500. XRP Forecast for February 28, 2025 A test of the resistance line on the Relative Strength Index will support the decline in…
TRUMP/USD is trading at 13.06, continuing its movement within a bearish channel and a downward trend. Moving averages indicate a short-term bearish trend for TRUMP. Prices are testing the area between the signal lines, suggesting seller pressure and the potential for further decline from current levels. According to today’s TRUMP forecast, an increase and a test of the resistance level near the 14.05 area are expected. Then, a bounce down and a continuation of the cryptocurrency’s decline to an area below 11.05. TRUMP Forecast for February 28, 2025 A test of the descending trend line on the RSI indicator will…
Toncoin is trading at 3.49, continuing its movement within a bearish channel and a downward trend. Moving averages indicate a short-term bearish trend for Toncoin. Prices have broken below the signal lines, suggesting seller pressure and the potential for further decline from current levels. The Toncoin forecast for today suggests an attempt to develop a bullish correction for the digital asset and test the resistance area near the 3.85 mark. From there, a bounce down and a continuation of Toncoin’s decline to a potential target below 2.75 is expected. Toncoin Forecast for February 28, 2025 An additional signal in favor…
The EUR/USD currency pair continues to move within the development of the correction and the bullish channel. The moving averages indicate the presence of a short-term upward trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the European currency and a potential continuation of the growth of the currency pair quotes from the current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.0492. Within the framework of the Forex forecast for February 27, 2025, we should expect an…
The GBP/USD currency pair continues to move within the framework of the development of growth and a bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2660. Moving averages indicate the presence of a short-term bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and potential continuation of the instrument’s growth. At the moment, we should expect an attempt to develop a bearish correction in the British Pound against the US Dollar exchange rate and a…