Author: forex24pro

Ethereum are trading at 1791 and continue to move within the correction and left the bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $216,015,013,610. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices have broken through the area between the signal lines down, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset already from current levels. At the moment, we should expect an attempt to develop an increase in the value of the coin and a test…

XRP/USD are trading at 0.4340 and continue to move as part of the fall and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $22,836,129,956. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall in the XRP rate on the market already from current levels. At the moment, we should expect an attempt to develop the growth of the asset and test…

LTC/USD are trading at 91.71 and continue to move as part of the development of a strong bullish correction and a downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $6,711,752,785. Moving averages indicate a short-term bearish trend for Litecoin. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the asset and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a correction of the digital asset and a test of the resistance…

Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the downward channel. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the European currency and a potential continuation of the fall in asset quotes already from current levels. At the time of the publication of the forecast, the EUR/USD exchange rate is 1.0884. As part of the Forex forecast for May 18, 2023, we should expect an attempt to develop a bullish price correction and…

Currency pair Pound/Dollar GBP/USD continues to move as part of the development of the correction and has left the bullish channel. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.2510. Moving averages indicate the presence of a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt to develop a bullish correction of the British Pound against the…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the correction and the downward channel. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the currency pair and a potential continuation of the fall in the value of the instrument already from current levels. At the time of the publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.6677. At the moment, we should expect an attempt to continue the development of the bullish…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the bullish channel. At the time of publication of the forecast, the US Dollar to the Japanese Yen is 136.10. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the US Dollar and a potential continuation of price growth already from current levels. As part of the forecast for the Japanese Yen on May 18, 2023, we should expect…

Brent continue to move within the correction and the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $75.49 per barrel. Moving averages indicate a short-term bearish trend in oil. Prices have broken through the area between the signal lines down, which indicates pressure from the sellers of Black Gold and a potential continuation of the fall in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the area of…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and the bullish channel. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.3412. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers and a potential continuation of the pair’s fall in the near future. At the moment, it is worth considering an attempt to develop a slight price correction and a test of the support level…

GOLD continue to move within the correction and the bullish channel. At the time of publication of the forecast, the price of Gold is 2011 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a correction and test the support level near the 1995 area. Where should we expect a rebound upwards and continued growth in the…