Author: forex24pro

XRP/USD complete the trading week at 0.3681 and continue to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers and a potential continuation of the fall of the cryptocurrency already from current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near 0.3855. Where can we expect a rebound down again and a continuation of the fall of the cryptocurrency to the area below the level of 0.2235. XRP…

Litecoin LTC/USD ends the trading week at 83.88 and continues to move as part of the growth and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines. This indicates pressure from sellers of the digital asset and a potential continuation of the fall in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a price correction and test the resistance area near the level of 90.05. Where should we expect a downward rebound again and…

Bitcoin Cash ends the trading week at 131.47, continues to move within a correction and a sideways range. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the coin and a potential continuation of the fall. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to continue the growth in the value of the digital asset and test the resistance area near the level of 165.05. From where a rebound down is expected again and an attempt to…

Silver complete the trading week near the area of 21.84. Quotes continue to move as part of the correction and the formation of the reversal pattern ”Head and Shoulders”. Moving averages indicate the presence of a bullish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the metal and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop a decrease in the value of the asset and a test of the support level near the area of…

SHIBA INU ends the trading week at 0.00001098 and continues to move within the correction and left the bullish channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the coin and a potential continuation of growth in the near future. As part of the SHIB/USD rate forecast for the next trading week, we should expect an attempt to develop a bullish correction in the value of the digital asset and a test of the resistance area near the level of 0.00001175. From where a downward rebound…

Dogecoin ends the trading week at 0.0754 and continues to move within the correction and the downward channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the coin and a potential continuation of growth in the near future. As part of the DOGE/USD rate forecast for the next trading week, we should expect an attempt to develop a rise in the value of the digital asset and test the resistance area near the level of 0.0815. From where a rebound down is expected again and an…

Currency pair Euro/Dollar EUR/USD continues to move within the correction and the downward channel. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines up, 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 1.0729. As part of the Forex forecast for March 16, 2023, we should expect an attempt to develop a price correction and test the resistance…

Currency pair Pound/Dollar GBP/USD continues to move as part of a correction after strong growth and a downward channel. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.2160. 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 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 the growth of the British Pound against the US Dollar…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move into the fall and the downward channel. 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 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 0.6683. At the moment, we should expect an attempt to develop a bullish correction of the pair…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the bearish channel. At the time of publication of the forecast, the US Dollar to the Japanese Yen is 134.24. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken down the area between the signal lines, which indicates pressure from sellers 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 March 16, 2023, we should expect an…