XRP/USD are trading at 0.3588 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 $18,469,680,614. 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 a correction of the asset and a test…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
LTC/USD are trading at 70.04 and continue to move within the correction and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $5,034,522,360. 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 in the value of the digital asset and a test of the resistance level near the area…
Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.0616 and continues 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 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 resistance area near the level of 1.0735. Where is the expected rebound down and the continuation of the fall of the Euro Dollar. The…
BRENT complete the trading week near the area of 84.29 dollars per barrel. The asset continues to move as part of the growth 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 74.05. Then, it is worth considering a rebound upwards and the continuation…
Currency pair Pound Dollar GBP/USD completes the trading week as part of the development of a fall near the area of 1.2037. The pair continues to move within the bullish 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 growth and test the resistance area near the level of 1.2355. Further, a rebound down and the continuation of…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 66.50 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 December 26 — 30, 2022 we should expect an attempt to develop a decline and test the support area near the level of 62.25. Where…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6709. 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 0.6855. Then, a rebound and continued fall of AUD/USD with…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3602. The pair continues to move within the growth and bullish channel. Moving averages indicate a bullish trend. Prices have gone up from 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 1.3525. Then, a rebound upwards and the continuation of the rise in…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week with a fall near the area of 132.88. The pair continues to move within the framework of the development of the decline 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, which indicates pressure from buyers of the US dollar and a potential continuation of the rise. At the moment, we should expect an attempt to develop growth and test the resistance level near the area of 136.85. Then,…
GOLD completes the trading week with a correction near the 1795 area. XAU/USD quotes continue to move as part of the growth and the bullish channel. Moving averages indicate the presence of a bearish trend for Gold. Prices have broken through the area between the signal lines up, which indicates pressure from buyers and a potential continuation of price growth. At the moment, we should expect an attempt to develop a price decline and test the support level near the 1720 area. Further, the continuation of the growth in the price of Gold with a potential target above the level…