Author: forex24pro

BTC/USD are traded at the level of 47268 and continue to move as part of the correction and the downward channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $893,727,161,907. Moving averages indicate a short-term bearish trend for Bitcoin. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of ”Digital Gold” and a potential continuation of the fall in the value of the asset from the current levels. As part of the cryptocurrency rate forecast for tomorrow, January 4, 2022, we should expect an attempt…

Ethereum are trading at 3831 and continue to move as part of the fall and the downtrend channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $455,162,837,425. Moving averages indicate a short-term bearish trend for Ethereum. Prices went 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 the current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of the coin and test the resistance…

XRP/USD are trading at 0.8393 and continue to move as part of the correction and the downward channel. Here, the ”Wedge” pattern is formed, a breakdown of which downward will give an excellent signal to continue the fall of the asset. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $40,071,909,267. Moving averages indicate a short-term bearish trend for Ripple. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the XRP rate decline in the market already from…

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 went 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 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 4789. At the moment, we should expect an attempt to develop a correction and test the support level near the 4725…

LTC/USD are traded at 148.08 and continue to move as part of the correction and the formation of the ”Wedge” model. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $10,455,001,873. Moving averages indicate a short-term bearish trend for Litecoin. Prices are again testing 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…

DOGE/USD are traded at the level of 0.1712 and continue to move as part of the fall and completion of the formation of the ”Triangle” pattern, the breakdown of which will indicate a continuation of the price decline. 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…

SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00003393, continues to move within the correction and the downward channel. Moving averages indicate a short-term bearish 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, 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 completes the trading week near the 1.1331 area. The pair continues to move within the sideways correction and the downward channel. The ”Triangle” model is also formed here. Moving averages indicate a bearish trend. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the European currency and the likely continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance area near the level of 1.1355. Where is the rebound and…

BRENT finish the trading week near the area of ​​$ 78.92 per barrel. And it continues to move within the correction and the bullish channel. However, the potential is already visible for the formation of a large “Head and Shoulders” reversal pattern, which could send the oil chart below $ 50 per barrel. Moving averages indicate a bullish trend. Prices moved 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 growth and test the resistance area…

Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3509 area. The pair continues to move within the bullish correction after the test of an important support area, as well as the lower curtain of the descending channel. 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 decline in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to develop a bullish correction and a test of the resistance area near…