Author: forex24pro

Ethereum are trading at the level of 1822 and continue to move within the framework of the correction and the bearish channel. The capitalization of the Ethereum cryptocurrency at the time of publication of the forecast is $224,598,756,515. Moving averages indicate the presence of a short-term bullish trend in Ether. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the decline in the asset’s value from current levels. At the moment, we should expect a demand for the development of a decrease in the price of the coin and…

XRP/USD are trading at the level of 0.4210 and continue to move within the framework of the fall and have left the limits of the bullish channel. The capitalization of the Ripple cryptocurrency at the time of publication of the forecast is $22,094,046,409. Moving averages indicate the presence of a short-term bearish trend in Ripple. Prices broke the area between the signal lines down, which indicates the pressure from the sellers of the asset and the potential continuation of the decline of the XRP rate in the market already from the current levels. At the moment, we should expect a…

LTC/USD are trading at the level of 86.51 and continue to move within the framework of the development of a correction and a descending channel. The capitalization of the Litecoin cryptocurrency at the time of publication of the forecast is $6,331,059,975. Moving averages indicate the presence of a short-term bearish trend for Litecoin. 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 from current levels. At the moment, we should expect a demand for the development of a correction of the digital asset and…

Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the beginning of the development of the “Triangle” model. Moving averages indicate the presence of a short-term bullish 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 asset quotes already from current levels. At the time of the publication of the forecast, the EUR/USD exchange rate is 1.0998. As part of the Forex forecast for May 11, 2023, we should expect an attempt to develop…

Currency pair Pound/Dollar GBP/USD continues to move as part of the development of growth and a bullish channel. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.2617. Moving averages indicate the presence of a short-term bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the currency pair and a potential continuation of the growth of the instrument. At the moment, we should expect an attempt to develop the growth of the British Pound against the US Dollar and…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the development of a bullish correction and a downward channel. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the growth in the value of the instrument already from current levels. At the time of publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.6749. At the moment, we should expect an attempt to continue the development…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the correction and the bullish channel. The potential for the formation of the “Head and Shoulders” reversal pattern remains. At the time of the publication of the forecast, the US Dollar to the Japanese Yen is 135.17. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the US Dollar and a potential continuation of price growth already from current levels. As part of the Japanese…

Brent continue to move as part of a strong fall and a downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $76.60 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 growth and test the resistance level near the area of 77.35…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and left the bullish channel. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.3392. 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 increase in the price and a test of…

GOLD continue to move as part of the growth and the bullish channel. At the time of publication of the forecast, the price of Gold is 2031 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bullish trend. 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 and test the support level near the 2010 area. Where should we expect a rebound upwards and continued…