Author: forex24pro

BTC/USD are trading at 58129 and continue to move as part of the correction and the formation of the bullish ”Wolfe Wave” pattern. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $1,082,330,984,451. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines up again, which indicates pressure from 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 11, 2021, we should expect an…

Ethereum are trading at the level of 4123.03 and continue to move as part of the growth and left the bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $468,443,992,613. 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…

XRP/USD are trading at 1.5720 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 $54,952,599,967. Moving averages indicate a short-term bullish trend for Ripple. Prices broke through the area between the signal lines upward, which indicates pressure from the sellers of the asset and a potential continuation of the XRP rate drop in the market already from the current levels. At the moment, we should expect an attempt to develop a downward correction of the asset and a test of…

Stock index S&P 500 continue to move within the framework of the growth and the bullish channel. Moving averages indicate a short-term bullish trend. Prices broke through the areas between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of the growth of the stock exchange index in the market already from the current levels. At the time of the publication of the forecast, the index is trading at the level of 4224. At the moment, we should expect an attempt to develop a correction and test the support level near the 4205…

LTC/USD are traded at 394.28 and continue to move as part of the growth and left the ascending channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $25,720,275,484. 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 level near…

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.2130 area. The pair continues to move as part of the bullish correction and the formation of a large “Head and Shoulders” reversal pattern, which is able to send the pair to the level of 1.1005. Moving averages indicate a 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 the likely continuation of growth from the current levels. At the moment, we should expect an attempt to develop a bullish correction and test…

BRENT finish the trading week near the area of ​​$ 68.14 per barrel. And it continues to move within the framework of the growth and 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 58.25. Then, a rebound and continued growth of oil to the area above the level of $ 86.45 per…

Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3957 area. The pair continues to move within the framework of growth and the beginning of the development of the bearish ”Wolfe Wave” 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 1.4165. Further, the rebound and the beginning of…

Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 73.80 Rubles per US Dollar. The pair continues to move as part of the correction and the formation of a large ”Triangle” pattern. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines again, which indicates pressure from US Dollar buyers. In the current trading week, May 10-14, 2021, we should expect an attempt to develop growth and test the resistance area near the level of 75.85. Where can we expect a rebound and the beginning of a fall…

Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7825 area. The pair continues to move within the framework of the growth and the ascending channel. 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 0.7875. Then, the rebound and the…