Author: forex24pro

Stock index S&P 500 continue to move within the correction and the downward channel. The potential remains to complete the formation of the “Triangle” pattern. 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 the level of 4415. At the moment, we should expect an attempt to develop growth…

LTC/USD are trading at 105.34 and continue to move as part of the fall and the descending channel, here the “Triangle” pattern is being formed. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $7,336,267,234. 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…

DOGE/USD are trading at 0.1382 and continue to move as part of the decline and left the bullish channel. Moving averages indicate a short-term bearish trend for Dogecoin. Prices are again pushing the area between the signal lines, 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 decrease in the value of the digital asset and a test of the support level near the 0.1425 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 0.00002083, 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…

Currency pair Euro Dollar EUR/USD completes the trading week near the area of ​​1.1133. The pair continues to move within the framework of the fall and the descending channel. Moving averages indicate a bearish trend. Prices have gone down from 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 bullish correction and test the resistance area near the level of 1.1305. Where is the expected rebound and continued fall of the Euro Dollar.…

BRENT complete the trading week near the area of ​​88.70 dollars per barrel. And it continues to move within the growth and bullish channel. 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 78.65. Then, it is worth considering a rebound upwards and the continuation of the growth of oil in the area above the level…

Currency pair Pound Dollar GBP/USD completes the trading week near the area of ​​1.3391. The pair continues to move within the framework of the fall and the 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 bullish correction and test the resistance area near the level of 1.3505. Further, a rebound down and the continuation of…

Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 77.76 Rubles per US Dollar. The pair continues to move within the correction. 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 of January 31 — February 4, 2022, we should expect an attempt to develop a rise and test the resistance area near the level of 78.05. Where can…

Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of ​​0.7200. The pair continues to move within the framework of a strong fall and a descending channel. Moving averages indicate a bearish trend. 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 value of the currency pair. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near the level of 0.7205. Then, a rebound and continued…

The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2786. The pair continues to move as part of the growth and the formation of the “triangle” model. Moving averages indicate the presence of a sideways trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the currency pair and a potential continuation of growth in the near future. At the moment, we should expect an attempt to develop a correction and test the support level near the area of ​​1.2485. Then, a rebound upwards and…