Author: forex24pro

Stock index S&P 500 continue to move within the framework of the growth and the bullish channel. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of the growth of the stock exchange index in the market already from the current levels. At the time of the publication of the forecast, the index is trading at the level of 4686. At the moment, we should expect an attempt to develop a correction and test the support level near the 4605…

LTC/USD are traded at 166.20 and continue to move within the correction and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $11,404,985,569. 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 0.1796 and continue to move as part of 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 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 support level near the 0.1905 area. Where can we expect a rebound down again and the continuation…

SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00003745, and continues to move as part of the correction and the formation of the ”Triangle” pattern. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the coin and a potential continuation of growth from the current levels. As part of the SHIB/USD rate forecast, one should not consider an attempt to develop a bullish correction in the value of a digital asset and a test of the resistance area…

BNB/USD are traded at 597.01 and continue to move as part of the correction and the formation of the ”Wedge” model. Moving averages indicate a short-term bullish trend for Binance Coin. Prices have broken up the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth 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 area of ​​600.55. Where can we expect a rebound again and the…

Let’s begin at the beginning: What is a risk? A risk is an opportunity to gain or lose. In trading, you have risks when entering a trade [loss] and when exiting a trade [profit/loss]. There are also risks of holding on to a position [e.g. stop loss] despite adverse market movements [profits or losses]. If you have positions open in any time frame – day trading or swing/position trading, there will most likely be some type of risk attached. However, this is not always the case, and many traders will hold positions overnight and simply close them out before market…

Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the downward channel. 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 the sellers of the European currency and a potential continuation of the fall in the asset quotes from the current levels. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1235. As part of the Forex forecast for December 8, 2021, we should expect an attempt to develop a small bullish price correction and a test…

Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3223. Moving averages indicate a short-term bearish trend. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt to correct the price of the British Pound against the US Dollar and test the resistance area…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of a strong upward correction and a downward channel. Moving averages indicate a short-term bearish trend. Prices went down from the area between the signal lines, 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 0.7097. At the moment, we should expect an attempt to develop a bullish…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of a large “Head and Shoulders” reversal pattern on high timeframes. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 113.72. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the US Dollar and a potential continuation of price growth from the current levels. As part of the forecast…