Author: forex24pro

XRP/USD are trading at 0.4175 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 $21,879,329,200. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices have broken through the area between the signal lines down, 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…

LTC/USD are trading at 89.22 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 $6,561,215,050. 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 within the falling and descending channel. Moving averages indicate the presence of a short-term bullish trend in the pair. Prices broke the area between the signal lines down, which indicates pressure from sellers of the European currency and a potential continuation of the drop in asset quotes from current levels. At the time of publication of the forecast, the exchange rate of the Euro to the US Dollar is 1.0876. As part of the Forex forecast for May 16, 2023, we should expect a demand for the development of a bullish price correction…

Currency pair Pound/Dollar GBP/USD continues to move within the framework of the development of the correction and has left the limits of the bullish channel. At the time of publication of the forecast, the Pound to US Dollar rate on Forex is 1.2504. Moving averages indicate the presence of a short-term bearish trend. Prices broke the area between the signal lines down, which indicates pressure from the sellers of the currency pair and a potential continuation of the instrument’s decline. At the moment, we should expect a demand for the development of a bullish correction of the exchange rate of…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the falling and descending channel. Moving averages indicate the presence of a short-term bearish trend. Prices broke the area between the signal lines down, which indicates pressure from the sellers of the currency pair and a potential continuation of the decline in the price of the instrument from the current levels. At the time of publication of the forecast, the exchange rate of the Australian dollar to the US dollar is 0.6700. At the moment, we should expect a demand for the continuation of the development of the…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the growth and bullish channel. At the time of publication of the forecast, the exchange rate of the US dollar to the Japanese yen is 136.16. Moving averages indicate the presence of a short-term bullish trend in the pair. Prices broke the area between the signal lines upwards, which indicates pressure from buyers of the US Dollar and a potential continuation of price growth from current levels. As part of the forecast of the Japanese Yen exchange rate for May 16, 2023, a demand for…

Brent continue to move within the framework of the correction and formation of the “Double Bottom” reversal model. At the time of publication of the forecast, the price of Brent oil is 74.67 dollars per barrel. Moving averages indicate the presence of a short-term bearish trend in oil. Prices broke the area between the signal lines down, which indicates pressure from sellers of “Black Gold” and a potential continuation of the decline in the asset’s value from current levels. At the moment, we should expect demand for the development of a decline and a test of the support level near…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the growth and bullish channel. At the time of publication of the forecast, the exchange rate of the US dollar to the Canadian dollar is 1.3501. Moving averages indicate the presence of a short-term bullish trend in the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the price pair in the near future. At the moment, it is worth considering the demand for the development of a minor price correction and a…

GOLD continue to move as part of the correction and formation of the “Triangle” model. At the time of publication of the forecast, the price of gold is 2017 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 potential continuation of growth already from current levels. At the moment, we should expect a demand for the development of a correction and a test of the support level near the area of 2005. From where should we…

Silver continue to move within the falling and descending channel. At the time of publication of the forecast, prices for Silver are 24.14. Moving averages indicate the presence of a bearish trend. Prices have moved down from the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the price drop from current levels. At the moment, we should expect a demand for the development of a bullish correction in the price of the metal and a test of the resistance level near the area of 24.45. Why should we expect a…