Author: forex24pro

BTC/USD are trading at 56676 and continue to move as part of the growth and the bullish channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $1,082,866,065,609. Moving averages indicate a short-term sideways trend in Bitcoin. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of ”Digital Gold” and a potential continuation of the rise in the value of the asset already from the current levels. As part of the cryptocurrency rate forecast for tomorrow, October 12, 2021, we should expect an attempt to develop a decrease in…

Ethereum are trading at 3586 and continue to move as part of the rise and the downtrend channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $424,408,710,648. Moving averages indicate a short-term bullish trend for Ethereum. Prices went up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the value of the asset from the current levels. At the moment, we should expect an attempt to develop a correction in the value of the coin and a test of the resistance…

XRP/USD are trading at 1.1527 and continue to move as part of the rise and the bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $54,393,611,082. Moving averages indicate a short-term bearish 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 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 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 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 4374. At the moment, we should expect an attempt to develop a fall and a test of the…

LTC/USD are trading at 180.32 and continue to move within the correction and the bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $12,587,315,301. 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 the rise 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 completes the trading week near the 1.1562 area. The pair continues to move as part of the fall and the beginning of the development of the large “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 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 1.1795. Where…

BRENT finish the trading week near the area of ​​$ 82.64 per barrel. And it continues to move within the framework of the rise and the bullish channel. 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 a downward correction and a test of the support area near the level of 74.55. Then, the rebound and the continuation of the rise in oil to the area above the…

Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3613 area. The pair continues to move within the correction and the downward channel. Prices have broken down the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to rise and test the resistance area near the level of 1.3775. Further, a rebound down and the beginning of a fall in the Pound/Dollar quotes to the area below the level of 1.3025.…

Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 71.98 Rubles per US Dollar. The pair continues to move as part of the correction and the beginning of the ”Triangle” pattern. Moving averages indicate a downtrend. The prices broke through the area between the signal lines downward, which indicates pressure from the US dollar sellers and the likely continuation of the pair’s fall from these levels. In the current trading week, October 11 — 15, 2021 we should expect an attempt to develop a correction and a test of the resistance area near…

Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7298 area. The pair continues to move within the bullish correction and the downtrend channel. Moving averages indicate a bearish 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 in the value of the currency pair. At the moment, we should expect an attempt to continue the development of a bullish correction and test the resistance area near the level of 0.7315. Then, the rebound and the continuation…