Author: forex24pro

XRP/USD are trading at 0.6160 and continue to move within the correction and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $29,484,309,521. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices have gone down from the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall in the XRP rate on the market from current levels. At the moment, we should expect an attempt to develop the growth of the asset and test the resistance…

Stock index S&P 500 continue to move within the correction and the downward channel. Moving averages indicate the presence of a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall 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 4494. At the moment, we should expect an attempt to develop growth and test the resistance level near the 4545 area. Where should we expect a…

LTC/USD are trading at 109.88 and continue to move as part of the fall and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $7,679,778,409. Moving averages indicate a short-term bearish trend for Litecoin. Prices have gone down from the area between the signal lines down, which indicates pressure from sellers of the asset and a potential continuation of the fall 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…

DOGE/USD are trading at 0.1427 and continue to move within the correction and the bearish channel. Moving averages indicate a short-term bullish trend for Dogecoin. 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 an increase in the value of a digital asset and a test of the resistance level near the 0.1535 area. Where can we expect a rebound down again and a continued fall in the Dogecoin rate…

SHIBA INU is trading at the time of the publication of the forecast at 0.00002184, they continue to move within the correction and the downward channel. Moving averages indicate the presence of a short-term bearish trend for the coin. Prices are again testing 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 not worth considering an attempt to develop a correction in the value of a digital asset and a test of the resistance…

Tesla quotes continue to move as part of the growth and the formation of a bullish “Wolfe Wave” pattern. Moving averages indicate a short-term bullish trend for Tesla. Prices have gone down from the area between the signal lines, which indicates pressure from sellers of securities. At the time of publication of the forecast, the value of the shares is 914.65. As part of the forecast, we should expect an attempt to develop a decline and test the support level near the area of ​​835.05. Further, a rebound upwards and the continuation of the rise in the value of securities.…

Currency pair Euro/Dollar EUR/USD continues to move within the correction and the bearish channel. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the areas between the signal lines down, which indicates pressure from sellers of the European currency and a potential continuation of the fall in asset quotes already from current levels. At the time of the publication of the forecast, the EUR/USD exchange rate is 1.1160. As part of the Forex forecast for February 1, 2022, we should expect an attempt to develop a rise in prices and a test…

Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the downward channel. However, already now there are risks of the formation of a “Head and Shoulders” reversal pattern on higher timeframes. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.3429. Moving averages indicate the presence of a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the correction and the downward channel. Moving averages indicate the presence of a short-term bearish trend. Prices have gone down from the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the fall in the value of the instrument already from current levels. At the time of publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.7048. At the moment, we should expect an attempt to continue the development of the pair’s growth…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the beginning of the development of the “Double Bottom” reversal pattern. At the time of the publication of the forecast, the US Dollar to the Japanese Yen is 115.51. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the US Dollar and a potential continuation of price growth already from current levels. As part of the forecast for the…