Author: forex24pro

BTC/USD are trading at 55966 and continue to move as part of the fall and the formation of the bullish “Wolfe Wave” pattern. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $1,054,626,564,918. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines upwards again, which indicates pressure from the buyers of “Digital Gold” and a potential continuation of the fall in the value of the asset already from the current levels. As part of the cryptocurrency rate forecast for tomorrow, May 13, 2021,…

Ethereum are trading at 4043.60 and continue to move within the growth and bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $466,966,063,795. 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 asset’s value growth 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 support level near the 3415.05 area. Where can…

XRP/USD are trading at 1.4462 and continue to move as part of the correction and the formation of the ”Triangle” pattern. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $51,443,427,366. Moving averages indicate a short-term bullish trend for Ripple. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the XRP rate growth in the market from the current levels. At the moment, we should expect an attempt to develop a downward correction of the asset and a test…

Stock index S&P 500 continue to move as part of the correction after the fall. Moving averages indicate a short-term bullish trend. Prices broke through the areas between the signal lines downward, 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 the level of 4143. At the moment, we should expect an attempt to develop growth and test the support level near the 4205 area. Where can we…

LTC/USD are traded at the level of 371.91 and continue to move as part of the growth and the ascending channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $24,610,867,547. 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…

Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and the formation of the “Wolfe Wave” reversal pattern. 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 buyers of the European currency and a potential continuation of the growth of quotations from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.2163. As part of the Forex forecast for May 11, 2021, we should expect an attempt to develop a bullish correction and a…

Currency pair Pound/Dollar GBP/USD continues to move within the framework of slight growth and the formation of the downward “Wolfe Wave” pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.4088. Moving averages indicate a short-term bullish trend. Prices push up from the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the growth of the instrument. At the moment, we should expect an attempt to grow the British Pound against the US Dollar and test the…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth. Buyers were able to cancel the formation of the “Head and Shoulders” reversal pattern on the daily chart of the pair. Moving averages indicate a short-term bullish trend. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the growth of the instrument’s value from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7872. At…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the fall and the formation of the bullish “Wolfe Wave” pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 108.71. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the US Dollar buyers and a potential continuation of the price growth from the current levels. As part of the forecast for the Japanese Yen rate for…

Brent continue to move within the correction and the upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 68.59 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are bouncing 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 from the current levels. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the area of ​​$ 65.75…