Author: forex24pro

XRP/USD are trading at 1.1036 and continue to move as part of the correction and the bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $51,888,966,069. Moving averages indicate a short-term bearish trend for Ripple. Prices are again testing the areas between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the rise in the XRP rate in the market already from current levels. At the moment, we should expect an attempt to develop a decline in the asset and a test of the…

Stock index S&P 500 continue to move as part of the correction and the beginning of the development of the bullish ”Wolfe Wave” pattern. 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 asset and the potential continuation of the fall 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 4344. At the moment, we should expect an attempt to develop a fall and test the support level…

LTC/USD are trading at 174.66 and continue to move as part of the correction and the bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $11,998,553,563. Moving averages indicate a short-term bullish trend for Litecoin. Prices broke 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 decrease in the value of a digital asset and a test of the support level near the area…

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 broke through the area between the signal lines downward, 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 1.1572. As part of the Forex forecast for October 12, 2021, we should expect an attempt to develop a price correction and a test of…

Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the beginning of the formation of the “Wedge” reversal pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3636. Moving averages indicate a short-term bearish trend. Prices broke through the areas between the signal lines downward, 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 raise the price of the British Pound against the…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the rise and the downward channel. Moving averages indicate a short-term sideways trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the rise 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 0.7292. 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 correction and the formation of the ”Triangle” model. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 112.94. Moving averages indicate a short-term bullish trend for the pair. The prices have broken the area between the signal lines upwards, which indicates the pressure from the buyers of the US Dollar and the potential continuation of the rise in prices already from the current levels. As part of the forecast for the…

Brent continue to move within the framework of the rise and the bullish channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 83.66 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices went up from the area between the signal lines, which indicates pressure from buyers of “Black Gold” and a potential continuation of the growth of the asset value already from the current levels. At the moment, we should expect an attempt to develop a decline and a test of the support level near the area of…

Currency pair US Dollar to Canadian Dollar USD/CAD 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 US Dollar to the Canadian Dollar is 1.2467. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the area between the signal lines downward, which indicates pressure from sellers and a potential continuation of the fall in the pair of prices in the near future. At the moment, we should expect an attempt to develop a decline and test the support level near…

GOLD continue to move within the correction and the bullish channel. At the time of the publication of the forecast, the price of GOLD is 1752 Dollars per Troy Oz. Moving averages indicate a short-term sideways trend. Prices broke through the area between the signal lines downward, 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 decline and test the support level near the 1740 area. Where can we expect a rebound and a continued rise in the…