Author: forex24pro

BTC/USD are trading at 44032 and continue to move as part of the growth and the bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $826,641,645,948. Moving averages indicate the presence of a short-term upward trend in Bitcoin. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of Digital Gold and a potential continuation of the growth in the value of the asset already from current levels. As part of the cryptocurrency rate forecast for tomorrow, February 17, 2022, we should expect an attempt…

Ethereum are trading at 3124 and continue to move as part of the growth and the bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $367,077,750,715. Moving averages indicate a short-term bearish trend for Ethereum. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a potential continued growth in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a correction in the value of the coin and a test of the support level…

XRP/USD are trading at 0.8228 and continue to move as part of the growth and the bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $39,080,215,798. Moving averages indicate the presence of a short-term upward trend for Ripple. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth of the XRP rate on the market already from current levels. At the moment, we should expect an attempt to develop a correction of the asset and…

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 4456. At the moment, we should expect an attempt to develop growth and a test of the resistance level near the 4495 area. Where should we…

LTC/USD are trading at 129.45 and continue to move as part of the correction and the formation of an inverted “Head and Shoulders” reversal pattern on higher timeframes. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $8,869,217,041. Moving averages indicate the presence of a short-term bullish 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 downward correction in…

DOGE/USD are trading at 0.1493 and continue to move within the correction and the downward channel. 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 an increase in the value of a digital asset and a test of the resistance level near the 0.1525 area. Where can we expect a rebound down again and a continuation of the fall in the Dogecoin…

SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00003076, they continue to move as part of the correction and the formation of the “Triangle” model. 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 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 decrease in the value of a digital…

Currency pair Euro/Dollar EUR/USD continues to move within the correction and left the limits of the bullish channel. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices broke down the area between the signal lines, 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 1.1321. As part of the Forex forecast for February 16, 2022, we should expect an attempt to develop a rise in prices and…

Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and the formation of the “Triangle” model. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.3581. Moving averages indicate the presence of a short-term bullish 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 the growth of the instrument. At the moment, we should expect an attempt to reduce the price of the British Pound against the US Dollar…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and left the bullish channel. Moving averages indicate the presence of a short-term bullish trend. Prices have broken through the area between the signal lines down, 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 0.7121. At the moment, we should expect an attempt to continue the development of…