Author: forex24pro

Ethereum are trading at 1252 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 $152,960,411,175. Moving averages indicate the presence of a short-term bearish 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 bullish correction in the value of the coin and a test of…

XRP/USD are trading at 0.3452 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 $17,675,172,596. 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 a correction of the asset and a test of…

LTC/USD are trading at 76.51 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 $5,504,018,875. 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 support level near the area of 72.05. Whence again…

DOGE/USD are trading at 0.0726 and continue to move within the correction and the downward channel. Moving averages indicate a short-term bearish trend for Dogecoin. Prices are again testing the area between the moving averages, which indicates pressure from sellers of the asset and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a correction in the value of the digital asset and a test of the resistance level near the 0.0805 area. Where can we expect a rebound down again and a continuation of the fall of the Dogecoin…

SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00000827, they continue to move within the correction and the downward channel. Moving averages indicate the presence of a short-term bullish trend for the coin. Prices have broken through the area with signal lines up, which indicates pressure from buyers of the coin and a potential continuation of growth already from current levels. As part of the SHIB/USD rate forecast, it is worth considering an attempt to develop a bullish correction in the value of a digital asset and a test of the…

Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.0673 and continues to move as part of growth and has left the descending channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the European currency and a likely continuation of growth already from current levels. At the moment, we should expect an attempt to develop a correction and test the support area near the level of 1.0545. Where is the expected rebound up and continued growth of the Euro Dollar. The…

BRENT complete the trading week near the area of 84.44 dollars per barrel. The asset continues to move as part of the growth and the completion of the formation of the “Wedge” reversal pattern. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, 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 correction and test the support area near the level of 77.65. Then, it is worth considering a rebound upwards…

Currency pair Pound Dollar GBP/USD completes the trading week as part of the development of a decline near the area of 1.2061. The pair continues to move within the descending channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, 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 time, we should expect an attempt to develop a fall and test the support area near the level of 1.1745. Further, a rebound upwards and continued growth…

Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 70.90 Rubles per US Dollar. The pair continues to move within the growth and bullish channel. Moving averages indicate a bearish 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 January 2 — 6, 2023 we should expect an attempt to develop a decline and test the support area near the level of 63.65. Where…

Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6774. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the 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 0.6885. Then, a rebound and continued fall of AUD/USD with…