Author: forex24pro

Litecoin LTC/USD completes the trading week at 130.21 and continues to move as part of the correction and the formation of the bullish ”Wolfe Wave” pattern. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines down. This indicates pressure from sellers of the digital asset and a potential continuation of the Litecoin rate decline in the current trading week. At the moment, we should expect an attempt to develop a price decline and a test of the support area near the level of 95.55. Where can we expect a rebound again and an attempt…

Bitcoin Cash ends the trading week at 469.03 and continues to move as part of the correction and left the ascending channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the coin’s sellers and a potential continuation of the fall. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to continue the growth in the value of the digital asset and test the resistance area near the level of 580.05. From where a rebound is expected again and an attempt…

Silver ends the trading week near the 26.24 area. Quotes continue to move within the correction and the upward channel. Here the large ”Triangle” pattern continues to form, buyers have not yet been able to break through the upper border of this pattern. Moving averages indicate a bullish trend for the pair. Prices are again pushing the area between the signal lines, which indicates pressure from buyers of the metal and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a minor correction in the value of the asset and…

Dogecoin being a new cryptocurrency has gained massive interest from investors until the recent price slash. Nevertheless, the effect occurred to every cryptocurrency, while the price margin varies with each. The eagerness attached to cryptocurrency at the beginning has dropped drastically. Many factors may be responsible for why people have lost interest in Dogecoin. It could be a result of high volatility or uncertainty of its relevance. Let’s throw light into these claims as this article unravels the frequently asked questions about Dogecoin and its supposed effect on investors. What are Dogecoins? Dogecoin is a digital currency, which you can…

Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and downtrend. 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 European currency and a potential continuation of the fall in quotations from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1891. As part of the Forex forecast for June 23, 2021, we should expect an attempt to develop a bullish correction and a test of the resistance level, which…

Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and left the bullish channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3880. Moving averages indicate a short-term bearish trend. Prices broke through the area 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 grow the British Pound against the US Dollar and test the resistance area near the…

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 broke through the area between the signal lines downward, which indicates pressure from buyers of the currency pair and a potential continuation of the growth 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 0.7509. At the moment, we should expect an attempt to develop a rise and test the…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the ascending channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 110.44. Moving averages indicate a short-term bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from US Dollar buyers and a potential continuation of price growth from current levels. As part of the forecast for the Japanese Yen exchange rate for June 23, 2021, we should expect an…

Brent continue to move within the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 74.39 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken the area between the signal lines down, which indicates pressure from sellers of “Black Gold” and a 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 the area of ​​$ 73.85…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the bullish channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2377. Moving averages indicate a short-term bullish trend for the pair. Prices broke through the areas between the signal lines upward, which indicates pressure from buyers and a potential continuation of the growth of the price pair in the near future. At the moment, we should expect an attempt to develop a fall and a test of the support level…