Author: forex24pro

BTC/USD are trading at 45430 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 $838,750,992,911. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines down again, which indicates pressure from the sellers of “Digital Gold” and the 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 18, 2021,…

Ethereum are trading at 3518.24 and continue to move as part of the correction and the formation of the bullish Wedge pattern. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $401,317,797,931. Moving averages indicate a short-term bullish trend for Ethereum. Prices are testing the area of ​​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…

DOGE/USD quotes are traded at the level of 0.5033 and continue to move within the correction and the ascending channel. Dogecoin cryptocurrency capitalization at the time of the publication of the forecast is $65,300,030,817. Moving averages indicate a short-term bullish trend for Dogecoin. Prices are testing 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 the 0.4755 area.…

XRP/USD are trading at 1.5358 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 $ 53,116,029,253. Moving averages indicate a short-term bullish trend for Ripple. Prices went up from the area between the signal lines, which indicates pressure from buyers of the asset and the potential continued growth of the XRP rate in the market already from current levels. At the moment, we should expect an attempt to develop a downward correction of the asset and a…

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. However, prices broke through the area 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 from the current levels. At the time of the publication of the forecast, the index is trading at the level of 4147. At the moment, we should expect an attempt to develop a decline and test the support level near the 4075…

LTC/USD are traded at the level of 291.57 and continue to move as part of the correction and the ascending channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $19,226,099,927. Moving averages indicate a short-term bullish trend for Litecoin. Prices are again testing 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 ends the trading week near the area of ​​1.2136, as we can see, there were no significant changes. The pair continues to move as part of the 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 and below. 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…

BRENT finish the trading week near the area of ​​$68.59 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 66.55. Then, a rebound and continued growth of oil to the area above the level of $ 87.25 per…

Currency pair Pound Dollar GBP/USD ends the trading week near the 1.4091 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 1.4145. Further, the rebound and the beginning of…

Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 73.94 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 17 — 21, 2021 we should expect an attempt to develop growth and a test of the resistance area near the level of 76.05. Where can we expect a rebound and the…