Author: forex24pro

BTC/USD are trading at 17288 and continue to move as part of the development of a bullish correction and a downward channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $332,016,760,825. Moving averages indicate a short-term bearish trend for Bitcoin. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of “Digital Gold” and a potential continuation of the decline in the value of the asset already from current levels. As part of the forecast for the cryptocurrency rate for tomorrow, December 6, 2022, we should…

Ethereum are trading at 1294 and continue to move within the correction and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $157,956,017,973. Moving averages indicate the presence of a short-term bearish trend for Ethereum. Prices are again testing the area between the signal lines, which indicates pressure from sellers 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 a bullish correction in the value of the coin and a test of…

XRP/USD are trading at 0.3880 and continue to move as part of the correction and the formation of the “Wedge” reversal pattern. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $19,735,385,348. Moving averages indicate the presence of a short-term bullish 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…

LTC/USD are trading at 82.98 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 $5,981,846,532. Moving averages indicate the presence of a short-term bullish 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 in the value of the digital asset and a test of the support level near…

Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.0524 and continues to move as part of growth and has left the descending channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, 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 slight decrease and test the support area near the level of 1.0235. Where is the expected rebound up and continued growth of the Euro Dollar. The…

BRENT complete the trading week near the area of 86.58 dollars per barrel. The asset continues to move within the framework of the fall and 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 80.05. Then, it is worth considering a rebound upwards and the…

Currency pair Pound Dollar GBP/USD completes the trading week as part of the development of a strong bullish correction near the area of 1.2286. 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 point, we should expect an attempt to develop a bullish correction and test the resistance area near the level of 1.2365. Further, a rebound down…

Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 60.47 Rubles per US Dollar. The pair continues to move within the growth and bullish 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 US dollar and the likely continuation of the fall of the pair already from these levels. In the current trading week December 5 — 9, 2022, we should expect an attempt to develop a decline and test the support area near the level of…

Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6803. The pair continues to move within the framework of growth and a 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 0.6895. Then, a rebound and continued fall of…

The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3460. The pair continues to move within the framework of a strong correction and the formation of a “Wedge” reversal pattern. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, 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 1.3325. Then, a rebound…