Author: forex24pro

Stock index S&P 500 continue to move within the framework of the growth and the bullish channel. Buyers have practically pushed the ”Triangle” upward. 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 4699. At the moment, we should expect an attempt to develop a correction and…

LTC/USD are traded at 159.25 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 $11,019,716,289. 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 of the resistance level near…

DOGE/USD are traded at 0.1908 and continue to move as part of the correction and the formation of the ”Head and Shoulders” pattern, the breakdown of which will indicate the continuation of the price decline. Moving averages indicate a short-term bearish trend for Dogecoin. Prices have broken the area between the signal lines upwards, 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…

SHIBA INU is traded at the time of the publication of the forecast at the level of 0.00003831, continues to move as part of the correction and the formation of the ”Triangle” pattern. Prices are again testing the area between the signal lines, which indicates pressure from the coin’s buyers 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 correction in the value of a digital asset and a test of the support area near the level of 0.00003605. From where the upward…

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1328 area. The pair continues to move within the flat correction and the downward channel. 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 1.1375. Where the rebound is expected from and the continuation of the fall…

BRENT finish the trading week near the area of ​​$ 76.28 per barrel. And it continues to move within the framework of the growth and the bullish channel. However, the potential for the formation of a “Head and Shoulders” reversal pattern is already visible, which could send the oil chart below the level of $ 50 per barrel. Moving averages indicate a bullish trend. Prices are again testing 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…

Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3396 area. The pair continues to move within a good correction after testing an important support area. Moving averages indicate a bearish trend. Prices have broken down 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 the level of 1.3505. Further, a rebound down and the continuation of…

Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 73.28 Rubles per US Dollar. The pair continues to move within the decline and bearish channel. Moving averages indicate a downtrend. The prices broke through the area between the signal lines upward, which indicates pressure from the US Dollar buyers and the likely continuation of the pair’s growth from these levels. In the current trading week December 27 — 31, 2021 we should expect an attempt to develop a bullish correction and a test of the resistance area near the level of 74.35. Where…

Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7232 area. The pair continues to move within the bullish correction and the downtrend channel. Moving averages indicate a bearish trend. Prices are still below the area between the signal lines, which indicates pressure from the 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 small bullish correction and a test of the resistance area near the level of 0.7305. Then, the rebound and the continuation…

The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2795. The pair continues to move as part of the correction and the formation of the ”Triangle” pattern. Moving averages indicate the presence of a bearish trend, which is coming to an end, as we can see, the Tuvan people have practically crossed. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continued growth. At the moment, we should expect an attempt to develop a correction and a test of the…