Author: forex24pro

Ethereum are traded at 1996.52 and continue to move within the correction and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $233,958,941,742. Moving averages indicate a short-term bearish trend for Ethereum. Prices are testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset from the current levels. At the moment, we should expect an attempt to develop the growth in the value of the coin and test the resistance level near the area of…

XRP/USD are trading at 0.6212 and continue to move within the fall and the downtrend channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $29,136,651,767. Moving averages indicate a short-term bearish trend for Ripple. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the XRP rate decline in the market already from the current levels. At the moment, we should expect an attempt to develop a bullish correction of the asset and a test of the resistance…

Stock index S&P 500 continue to move within the framework of the growth and the bullish channel. Moving averages indicate a short-term bearish trend. Prices broke through 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 4271. At the moment, we should expect an attempt to develop a correction and test the support level near the 4230 area. Where can we expect…

LTC/USD are trading at 130.50 and continue to move as part of the correction and the formation of the ”Triangle” pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $8,738,180,131. Moving averages indicate a short-term bearish trend for Litecoin. Prices are testing the area between the signal lines, 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 correction in the value of a digital asset and a test of the…

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1961 area. The pair continues to move as part of the correction and the formation of a large ”Triangle” pattern. Moving averages indicate a bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers of the European currency and the likely continuation of growth from the current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near the level of 1.2105. Where is the rebound and the continuation of the…

BRENT finish the trading week near the area of ​​$ 74.99 per barrel. And it continues to move within the framework of the growth and the ascending 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 fall and a test of the support area near the level of 67.25. Then, a rebound and continued growth of oil to the area above the level of 88.55 dollars…

Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3913 area. The pair continues to move within the fall and the formation of the bearish ”Triangle” pattern. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to grow and test the resistance area near the level of 1.4035. Further, the rebound and the beginning of the fall in the Pound/Dollar quotes…

Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 72.04 Rubles per US Dollar. The pair continues to move within the fall and left the ”Triangle” pattern. Moving averages indicate a bullish trend. Prices have broken down the area between the signal lines, which indicates pressure from the US dollar sellers. In the current trading week June 28 — July 2, 2021 we should expect an attempt to develop a correction and test the resistance area near the level of 72.85. Where can we expect a rebound and a continuation of the fall…

Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7612 area. The pair continues to move within the correction and the ”Triangle” pattern. Moving averages indicate a bullish trend. Prices bounced back from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth 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 0.7685. Then, the rebound and the continuation of the…

The pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.2290. The pair continues to move within the correction and the downward channel. Moving averages indicate a 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. At the moment, we should expect an attempt to develop a decline and test the support level near the 1.1975 area. Then, a rebound upward and the beginning of the rise in quotations with a target above the…