Author: forex24pro

XRP/USD are trading at 0.7983 and continue to move as part of the growth and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $38,398,681,791. Moving averages indicate the presence of a short-term upward trend for Ripple. Prices are again testing 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 a…

Stock index S&P 500 continue to move as part of the fall and have left the bullish 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 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 4414. At the moment, we should expect an attempt to develop growth and test the resistance level near…

LTC/USD are trading at 126.41 and continue to move as part of the correction and the formation of the Head and Shoulders reversal pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $8,778,784,244. Moving averages indicate the presence of a short-term bullish trend for Litecoin. 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 downward correction in the value of the…

DOGE/USD are trading at 0.1467 and continue to move within the correction and the bullish channel. Moving averages indicate a short-term bullish trend for Dogecoin. Prices are again testing 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 correction in the value of the digital asset and a test of the support level near the 0.1405 area. Where can we expect a rebound again and the continued growth of the Dogecoin rate with…

SHIBA INU is trading at the time of the publication of the forecast at 0.00003043, they continue to move as part of the correction and the formation of the “Wedge” 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 buyers of the coin and a potential continuation of growth already from 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 asset and a test of…

Currency pair Euro Dollar EUR/USD completes the trading week near the area of ​​1.1388. Moving averages indicate a bearish trend. Prices are again rebounding 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 growth and test the resistance area near the level of 1.1545. Where is the expected rebound and continued fall of the Euro Dollar. The potential target of the decline is the area below the level of 1.0645. EUR/USD Weekly Forecast…

BRENT complete the trading week near the area of ​​92.46 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 81.95. 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 ​​1.3576. The pair continues to move within the correction and the downward channel. This is where the “Triangle” model is formed. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, 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 1.3635. Further, a rebound down…

Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 75.68 Rubles per US Dollar. The pair continues to move within the framework of the correction and the beginning of the development of the “Wolfe Wave” model. 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 February 14 — 18, 2022, we should expect an attempt to develop an upswing…

Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of ​​0.7171. The pair continues to move within the correction and the downward 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 0.7235. Then, a rebound and continued fall of AUD/USD with…