Author: forex24pro

Stock index S&P 500 continue to move as part of growth and have left the limits of the downward channel. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the asset and a potential continuation of the growth of the stock index on the market already from current levels. At the time of the publication of the forecast, the index is trading at 4438. At the moment, we should expect an attempt to develop a correction and test the support level near…

LTC/USD are trading at 113.84 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 $8,030,771,344. Moving averages indicate a short-term bearish trend for Litecoin. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the asset and a potential continuation of growth already 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…

DOGE/USD are trading at 0.1185 and continue to move as part of the correction and the formation of the Head and Shoulders reversal pattern. Moving averages indicate a short-term bullish trend for Dogecoin. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a rise in the value of the digital asset and a test of the resistance level near the 0.1235 area. Where can we expect a rebound down again and…

SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00002299, they continue to move as part of the correction and the formation of the “Head and Shoulders” pattern. Moving averages indicate the presence of a short-term bullish trend for the coin. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the coin and a potential continuation of growth already from current levels. As part of the SHIB/USD rate forecast, it is not worth considering an attempt to develop the growth in the value of a…

Stock index Dow Jones continue to move as part of the growth and development of the “Triangle” model. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the asset and a potential continuation of the growth of the stock index on the market already from current levels. At the time of the publication of the forecast, the index is trading at the level of 34488. At the moment, we should expect an attempt to develop a correction and test the support level…

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Currency pair Euro Dollar EUR/USD completes the trading week near the region 1.1075 and continue to move as part of the correction and downstream channel. The moving averages indicate the presence of bearish trends. Prices went down from the area between the signal lines, which indicates pressure from the sellers of European currency and the likely continuation of the fall is already with current levels. At the moment, it is worth an attempt to develop the correction and test of the resistance area near the level 1.1295. From where the rebound is expected and the continuation of the fall of…

BRENT complete trade week near the region 104.86 dollars per barrel. And continues to move in the framework of the correction after a strong lift and a bull canal. Moving averages indicate the presence of a bullish trend. Prices went up from the area between the signal lines, which indicates pressure from the buyers of raw materials and the potential continuation of the lifting. At the moment, it is worth an attempt to develop a correction and test of the support area near the level of 100.55. Then, it is worth considering the rebound up and the continuation of oil…

Currency pair Pound Dollar GBP/USD completes the trading week near the area of ​​1.3145. The pair continues to move within the correction and the downward 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 bullish correction and test the resistance area near the level of 1.3265. Further, a rebound down and the continuation of the fall of…

Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 101.58 Rubles per US Dollar. The pair continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the US Dollar and a likely continuation of the pair’s growth already from these levels. In the current trading week March 21 — 25, 2022 we should expect an attempt to develop growth and test the resistance area near the level of 115.05. Where…