XRP/USD end the trading week at 2.2860 and continue to move within the development of the correction and the bullish channel. Moving averages indicate the presence of a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from XRP buyers and potential continuation of the growth of the cryptocurrency from the current levels. As part of the XRP forecast for the week of May 12 — 16, 2025, a bearish correction is expected to develop and a test of the support area near 2.2565. From where we should again expect an upward rebound…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
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The EUR/USD currency pair continues to move within the framework of the development of the fall and the beginning of the implementation of the reversal model “Head and Shoulders”. The moving averages indicate the presence of a short-term upward trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continuation of the growth of quotes of the currency pair from the current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.1278. Within the framework…
The GBP/USD currency pair continues to move within the framework of the correction and ascending channel development. At the time of the forecast publication, the Pound to US Dollar exchange rate on Forex is 1.3333. Moving averages indicate the presence of a short-term bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and potential continuation of the instrument’s growth. At the moment, we should expect an attempt to develop an increase in the British Pound against the US Dollar and a test of the resistance area near…
The AUD/USD currency pair continues to move within the fall and bullish channel. The moving averages indicate the presence of a short-term upward trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the currency pair and potential continued growth in the instrument’s value from the current levels. At the time of publication of the forecast, the Australian Dollar to US Dollar exchange rate is 0.6411. At the moment, we should expect an attempt to develop growth and a test of the resistance area near the level of 0.6485. Then, a downward price…
The USD/JPY currency pair continue to move within the framework of the development of growth and the formation of the reversal pattern “Head and Shoulders”. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 144.90. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast of the Japanese Yen exchange rate…
Brent crude oil quotes continue to move within the development of the correction and the descending channel. The potential for the formation of the “Double Bottom” reversal pattern remains. At the time of publication of the forecast, the price of Brent crude oil is 62.58 dollars per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of “Black Gold” and a potential continuation of the fall in the value of the asset from the current levels. At the moment, we…
The USD/CAD currency pair continues to move within the framework of growth development and the beginning of the “Wedge” model implementation. At the time of the forecast publication, the US Dollar to Canadian Dollar exchange rate is 1.3882. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the price pair’s fall in the near future. At the moment, it is worth considering an attempt to develop the Canadian Dollar price fall and test the support…
XAU/USD quotes continue to move within the development of the correction and the bullish channel. At the time of publication of the forecast, the price of Gold for today is 3340 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term upward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a bearish correction of gold and a test of the support level near the 3320 area. From where we…
XAG/USD quotes continue to move within the framework of the development of a bearish correction and a bullish channel. At the time of publication of the forecast, the Silver price is 32.47. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downwards, indicating pressure from sellers and a potential continuation of the price decline from the current levels. At the moment, we should expect an attempt to develop a bearish correction in the metal price and a test of the support level near the 32.35 area. Where should we expect an upward price…