Author: forex24pro

XRP/USD are trading at 1.0823 and continue to move within the correction and bearish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $50,665,186,594. Moving averages indicate a short-term bearish trend for Ripple. Prices broke down the area between the signal lines, which indicates pressure from the sellers of the asset and the potential continuation of the XRP rate decline in the market already from the current levels. At the moment, we should expect an attempt to develop asset growth and test the resistance level near the 1.1655 area. Further, a rebound…

Stock index S&P 500 continue to move as part of the rise and the formation of the ”Triangle” model. Moving averages indicate a short-term bullish trend. Prices broke up the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of the rise of the stock exchange 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 4701. At the moment, we should expect an attempt to develop a small correction and test the support level near…

LTC/USD are traded at 219.46 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 $14,804,349,536. 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 rise in the value of a digital asset and a test of the resistance level near the…

DOGE/USD are trading at 0.2302 and continue to move as part of the correction and the formation of the bullish ”Wolfe Wave” pattern. Moving averages indicate a short-term bearish trend for Dogecoin. Prices have broken down the area between the signal lines, indicating pressure from sellers At the moment, we should expect an attempt to develop a correction in the value of a digital asset and a test of the support level near the 0.2165 area. From where we should again expect a rebound and continued growth in the Dogecoin rate with a potential target above the level of 0.2955.…

SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00004530, continues to move as part of the decline and the beginning of the development of the ”Triangle” model. As you can see, the bears were able to break the pattern down. Moving averages indicate the presence of trend bears. Prices broke through the area between the signal lines downward, 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…

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/US Dollar rate is 1.1371, Although only a couple of months ago, few believed in such a fall in the currency pair on FOREX. As part of the Forex…

Currency pair Pound/Dollar GBP/USD continues to move as part of the correction 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 1.3445. Moving averages indicate a short-term bearish trend. Prices are again testing 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 the fall and the 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 the 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 0.7335. At the moment, we should expect an attempt to develop a rise and test…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the rise and the downward channel. The inverted “Head and Shoulders” reversal pattern is also formed here. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 114.26. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from the buyers of the US Dollar and a potential continuation of the rise in prices from the current levels. As…

Brent continue to move in the framework of the rise and the downtrend channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 82.81 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices are again pushing the area between the signal lines, which indicates pressure from the sellers of ”Black Gold” and the 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 correction and a test of the support level near…