Author: forex24pro

XRP/USD end the trading week at 0.2747 and continue to move as part of the correction. Moving averages indicate a bullish trend. However, prices broke down the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall of the cryptocurrency from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near 0.1905. Where can we expect a rebound again and a continued rise in the cryptocurrency to the area above the level of 0.4945. Cryptocurrency XRP Forecast and Analysis January…

Litecoin LTC/USD ends the trading week at the level of 143.22 and continues to move within the correction and the ascending channel. Moving averages indicate a bullish trend. Prices moved up from the area between the signal lines. This indicates pressure from buyers of the digital asset and the potential continued growth of the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a correction and a test of the support area near the level of 115.05. Where can we expect a rebound again and an attempt to increase the fall in…

Bitcoin Cash completes the trading week at 485.18 and continues to move as part of the correction and the rising channel. Moving averages indicate a bullish trend. Prices went up again the area between the signal lines, which indicates pressure from buyers of the coin and potential continued growth. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to fall in the value of a digital asset and a test of the support area near the level of 360.55. From where a rebound is expected again and an attempt to grow Bitcoin…

Silver ends the trading week near the 24.82 area. Quotes continue to move within the framework of the growth and the ascending channel. There is also potential for the formation of the “Triangle” model. Moving averages indicate a bullish trend for the pair. Prices are testing the area between the signal lines again, which indicates pressure from metal buyers 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 a test of the support level near the 22.25 area. Further,…

Currency pair Euro/Dollar EUR/USD continues to move as part of the fall. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines again, which indicates pressure from buyers of the European currency and a potential continuation of growth from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.2146. As part of the Forex forecast for January 15, 2021, we should expect an attempt to develop growth and a test of the resistance level, which is located on the pair near the 1.2225…

Currency pair Pound/Dollar GBP/USD 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 Pound to the US Dollar on Forex is 1.3664. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the currency pair and the potential continued growth 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 level of 1.3735. Where can…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of a correction and an upward channel. The inverted Head and Shoulders pattern is also formed here. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, 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 0.7742. At the moment, we should…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the ascending channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 103.99. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines again, 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 January 15, 2021, we should expect…

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 $ 56.32 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices went up from the area between the signal lines, which indicates pressure from buyers of “Black Gold” 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 bearish correction and a test of the support level near the area of ​​$ 53.75…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2679. Moving averages indicate a short-term bearish trend for the pair. Prices went down from the area between the signal lines downward, which indicates pressure from sellers and a potential continuation of the fall of the price pair in the near future. At the moment, we should expect an attempt to develop a decline and a test of the support…