Author: forex24pro

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 68.24. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the US currency and a potential continuation of the fall of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for May 4, 2022, we should expect…

BTC/USD are trading at 38377 and continue to move within the correction and the downward channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $727,395,253,678. Moving averages indicate the presence of a short-term downward trend for Bitcoin. Prices have gone down from the area between the signal lines, which indicates pressure from the sellers of ”Digital Gold” and a potential continuation of the fall in the value of the asset already from current levels. As part of the cryptocurrency rate forecast for tomorrow, May 4, 2022, we should expect an attempt to…

Ethereum are trading at 2795 and continue to move within the correction and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $337,261,020,040. Moving averages indicate a short-term bearish trend for Ethereum. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a rise in the value of the coin and a test of the resistance level near…

XRP/USD are trading at 0.5972 and continue to move as part of the fall and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $28,992,086,533. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the asset and a potential continuation of the decline in the XRP rate on the market from current levels. At the moment, we should expect an attempt to develop a correction of the asset and a…

LTC/USD are trading at 99.08 and continue to move within the correction and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $6,956,328,134. Moving averages indicate a short-term bearish trend for Litecoin. Prices are testing the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop an increase in the value of a digital asset and a test of the resistance level near the area of ​​101.35.…

DOGE/USD are trading at 0.1288 and continue to move as part of the fall and the downward channel. Moving averages indicate a short-term bullish trend for Dogecoin. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the asset and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of the digital asset and a test of the resistance level near the 0.1305 area. Where can we expect a rebound down again and a continuation of the…

SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00002041, they continue to move within the framework of the fall and the downward channel. Moving averages indicate the presence of a short-term downward trend for the coin. Prices have gone down from the area between the signal lines, which indicates pressure from the sellers of the coin and a potential continuation of the fall from the current levels. As part of the SHIB/USD rate forecast, it is worth considering an attempt to develop a correction in the value of a digital asset…

Currency pair Euro Dollar EUR/USD completes the trading week near the area of ​​1.0536 and continues to move as part of the fall and the downward channel. Moving averages indicate a bearish trend. Prices broke down the area between the signal lines, which indicates pressure from sellers of the European currency and a likely continuation of the fall from current levels. At the moment, we should expect an attempt to develop a correction and test the resistance area near the level of 1.0825. Where is the expected rebound and continued fall of the Euro Dollar. The potential target of the…

BRENT complete the trading week near the area of ​​109.33 dollars per barrel. And it continues to move within the framework of the correction and the formation of the “Triangle” model. Moving averages indicate a bullish trend. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of raw materials and a potential continuation of the rise. At the moment, we should expect an attempt to develop a correction and test the support area near the level of 100.55. Then, it is worth considering a rebound upwards and the continuation of the growth of…

Currency pair Pound Dollar GBP/USD completes the trading week near the area of ​​1.2548. The pair continues to move within the framework of a strong fall and a descending channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers and a potential continuation of the fall of the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to develop a slight bullish correction and a test of the resistance area near the level of 1.2645. Further, a rebound down…