XRP/USD are trading at 1.2857 and continue to move within the growth and bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $62,113,043,069. Moving averages indicate a short-term bullish trend for Ripple. Prices went up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the XRP rate growth in the market already from current levels. At the moment, we should expect an attempt to develop an asset correction and a test of the support level near the 1.1675 area. Further,…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
Stock index S&P 500 continue to move as part of the formation of the ”Wedge” 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 index in the market from the current levels. At the time of the publication of the forecast, the index is trading at 4668. At the moment, we should expect an attempt to develop a small correction and test the support level near the 4645 area. Where can we expect…
LTC/USD are trading at 286.18 and continue to move as part of a strong growth and left the bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $17,795,740,835. Moving averages indicate a short-term bullish trend for Litecoin. Prices went up from 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 correction in the value of a digital asset and a test of the support level…
DOGE/USD are traded at the level of 0.2705 and continue to move within the correction and the bullish 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 correction in the value of a digital asset and a test of the support level near the 0.2585 area. Where can we expect a rebound again and continued growth in the Dogecoin rate…
SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00005142 and continues to move within the correction and the downward channel. The current price structure still resembles the formation of an inverted Head and Shoulders reversal pattern. Moving averages indicate a bearish trend. 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…
Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices are again repelled 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 1.1573. As part of the Forex forecast for November 10, 2021, we should expect an attempt to continue the development of a bullish price…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth 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 1.3561. 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 rise in the price of the British Pound against the US Dollar and test the resistance…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and the beginning of the development of the ”Wolfe Wave” model on higher timeframes. 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 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 0.7402. At the moment, we…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the fall and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 113.01. Moving averages indicate a short-term bullish trend for the pair. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast for the Japanese Yen rate for November 10,…
Brent continue to move in the framework of the rise and the downtrend channel. An inverted Head and Shoulders pattern is also formed here. At the time of the publication of the forecast, the price of Brent crude oil is $ 83.65 per barrel. Moving averages indicate a short-term bearish 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 a correction and a…