Author: forex24pro

Stock index S&P 500 continue to move within the correction and the bullish channel. An upward ”5-0” pattern is also forming here. Moving averages indicate a short-term bullish trend. Prices broke down the area between the signal lines, which indicates pressure from the sellers of the asset and the potential continuation of the fall of the stock index in the market from the current levels. At the time of the publication of the forecast, the index is trading at the level of 4694. At the moment, we should expect an attempt to develop a fall and test the support level…

LTC/USD are traded at 134.28 and continue to move within the fall and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $9,396,174,861. Moving averages indicate a short-term bearish trend for Litecoin. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of a digital asset and a test of the resistance level near…

DOGE/USD are traded at the level of 0.1571 and continue to move as part of the fall and the downward channel. Moving averages indicate a short-term bearish trend for Dogecoin. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of a digital asset and a test of the resistance level near the 0.1645 area. Where can we expect a rebound down again and…

SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00002986, continues to move within the fall and the downtrend channel. Moving averages indicate a short-term bearish trend for the coin. Prices went down from 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, one should not consider an attempt to develop a correction in the value of a digital asset and a test of the resistance area near…

Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the downward channel. There is potential for completing this sideways correction and forming a ”Head and Shoulders” pattern. After all, the price showed a maximum and now the second maximum is already lower than the previous one, as soon as the price renews the minimum, we can say that the downward movement of the pair will continue. Moving averages indicate a short-term bearish trend for the pair. Dream prices have broken up the area between the signal lines, which indicates pressure from buyers of the European currency…

Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the downward channel. There is also a potential for the formation of the ”Wedge” model. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3568. Moving averages indicate a short-term bullish trend. Prices have broken the area between the signal lines upwards, 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 correct the price of the…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the rise and the downward channel. Moving averages indicate a short-term bearish trend. Prices have broken the area between the signal lines upwards, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall in the value of the instrument already from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7257. At the moment, we should expect an attempt to develop a bullish correction and…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the bullish channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 115.94. Moving averages indicate a short-term bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from the US Dollar buyers and a potential continuation of price growth from the current levels. As part of the forecast for the Japanese Yen exchange rate for January 6, 2022, we should…

Brent continue to move within the correction and the bullish channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 81.18 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken the area between the signal lines up, which indicates pressure from buyers of ”Black Gold” and a potential continuation of the growth of the asset value from the current levels. At the moment, we should expect an attempt to develop growth and test the resistance level near the area of ​​82.35 dollars per barrel. Further, the beginning…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the formation of the ”Head and Shoulders” pattern on higher timeframes. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2737. Moving averages indicate a short-term bearish trend for the pair. Prices went down from the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the price pair in the near future. At the moment, we should expect an attempt to continue the…