Author: forex24pro

BTC/USD are trading at 42680 and continue to move as part of growth and have left the limits of the downward channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $811,682,792,548. Moving averages indicate a short-term bearish trend for 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 exchange rate forecast for tomorrow, February 8, 2022, we should expect…

Ethereum are trading at 3064 and continue to move as part of growth and have left the limits of the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $369,215,658,364. Moving averages indicate a short-term bearish trend for Ethereum. Prices have gone down from the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall 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…

XRP/USD are trading at 0.7642 and continue to move as part of a strong growth and a bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $37,116,633,127. 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…

Stock index S&P 500 continue to move as part of growth and a bullish channel. Moving averages indicate the presence of a short-term bullish trend. 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 stock index on the market already from current levels. At the time of the publication of the forecast, the index is trading at 4492. At the moment, we should expect an attempt to develop growth and test the resistance level near the 4445 area. Where should we expect…

LTC/USD are trading at 127.45 and continue to move as part of the growth and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $8,968,788,916. Moving averages indicate a short-term bearish trend for Litecoin. 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 bullish correction in the value of the digital asset and a test of the resistance level…

DOGE/USD are trading at 0.1566 and continue to move within the growth and the downward 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 a decrease in the value of the digital asset and a test of the support level near the 0.1465 area. Where can we expect a bounce up again and a continuation of the rise in the…

SHIBA INU is trading at the time of publication of the forecast at the level of 0.00002055, continues to move within the framework of strong growth and a bullish channel. Moving averages indicate the presence of a short-term bullish trend for the coin. Prices have gone up from 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 ​​1.1466. The pair continues to move as part of a rebound after the decision of the ECB, where there were assumptions about the future growth of the rate. Moving averages indicate a bearish trend. Prices are again testing 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 1.1555. Where is the…

BRENT complete the trading week near the area of ​​92.84 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 82.55. 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 ​​1.3558. 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 have broken through the area between the signal lines up, which indicates pressure from buyers and a potential continuation of the growth 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 1.3645. Further, a rebound…