Author: forex24pro

BTC/USD are trading at 25853 and continue to move as part of the growth and the bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $503,045,469,578. Moving averages indicate a short-term bullish trend for Bitcoin. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of ”Digital Gold” and a potential continuation of the growth in the value of the asset already from current levels. As part of the forecast for the cryptocurrency rate for tomorrow, March 16, 2023, we should expect an attempt to…

Ethereum are trading at 1763 and continue to move as part of a strong growth and a bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $217,235,012,928. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a potential continued growth in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a fall in the value of the coin and a test…

XRP/USD are trading at 0.3799 and continue to move within the correction and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $19,659,853,946. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices have broken through the area between the signal lines up, which indicates pressure from sellers of the asset and a potential continuation of the growth of 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 the…

LTC/USD are trading at 87.45 and continue to move within the growth and bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $6,375,321,620. Moving averages indicate the presence of a short-term bullish trend for Litecoin. Prices have broken through the areas between the signal lines upwards, 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 support level near the area of…

The currency pair EUR/USD completes the trading week near the area of 1.0595 and continues to move within the correction and the downward channel. Moving averages indicate the presence of a sideways trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the European currency and a likely continuation of the fall from current levels. At the moment, we should expect an attempt to develop a bullish correction of quotes and a test of the resistance area near the level of 1.0935. Where is the expected rebound down and the continuation of…

BRENT complete the trading week near the area of 81.12 dollars per barrel. The asset continues to move within the framework of the correction and the beginning of the development of the formation of the reversal pattern “Wedge”. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of raw materials and a potential continuation of the decline already from current levels. At the moment, we should expect an attempt to develop a bearish correction and test the support area near the level of 76.25. Then, it is worth…

Currency pair Pound Dollar GBP/USD completes the trading week as part of the development of a correction near the area of 1.1949. The pair continues to move as part of the completion of the formation of the double top reversal pattern. 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 British Pound against the US Dollar already from current levels. At this point, we should expect an attempt to develop a rise and test the resistance area near…

Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 73.86 Rubles per US Dollar. The pair continues to move within the growth and bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the US dollar and a likely continuation of the pair’s growth already from these levels. In the current trading week March 13 — 17, 2023, we should expect an attempt to develop a decline and test the support area near the level of 68.65. Where…

Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6582. The pair continues to move as part of the development of the fall and the long-term downward channel. Moving averages indicate a bearish trend. 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 value of the currency pair. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near the level of 0.6825. Then, a rebound…

The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3847. The pair continues to move within the growth and bullish channel. Moving averages indicate a 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 growth in the near future. At the moment, we should expect an attempt to develop a slight correction and a test of the support level near the area of 1.3695. Then, a rebound upwards and the continuation of the rise of…