Author: forex24pro

BTC/USD are trading at 20695 and continue to move as part of the development of the correction and the downward channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $397,420,372,079. Moving averages indicate a short-term bullish trend for Bitcoin. Prices are again testing 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 cryptocurrency rate forecast for tomorrow, November 8, 2022, we should expect an attempt to…

Ethereum are trading at 1579 and continue to move as part of the correction and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $193,345,414,531. 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 rise in the value of the coin and a test of…

XRP/USD are trading at 0.4718 and continue to move as part of the correction and the formation of the “Triangle” model. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $23,847,104,258. Moving averages indicate the presence of a short-term bullish trend for Ripple. Prices have broken through the area between the signal lines up, which indicates pressure from buyers 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 a correction of…

LTC/USD are trading at 61.38 and continue to move within the correction and the bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $4,912,922,846. 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…

DOGE/USD are trading at 0.1160 and continue to move as part of the correction and the beginning of the development of the “Head and Shoulders” pattern. Moving averages indicate a short-term bullish trend for Dogecoin. Prices are again testing the area, 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 an increase in the value of a digital asset and a test of the resistance level near the 0.1195 area. Where should we expect a rebound down again and a continuation…

SHIBA INU is trading at the time of the publication of the forecast at 0.00001191, continues to move within the fall and left the bullish channel. Moving averages indicate the presence of a short-term bullish trend for the coin. Prices are again testing the area with signal lines, 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 resistance area near the…

Currency pair Euro Dollar EUR/USD completes the trading week near the area of ​​0.9931 and continues to move as part of the development of a bullish correction and a downward channel. Moving averages indicate a bearish trend. Prices broke down 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 bullish correction and a test of the resistance area near the level of 0.9985. Where is the expected rebound and continued fall of…

BRENT complete the trading week near the area of ​​98.47 dollars per barrel. The asset continues to move as part of the growth and completion of the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate an uptrend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of raw materials and a potential 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 92.55. Then, it is worth considering a rebound upwards and…

Currency pair Pound Dollar GBP/USD completes the trading week as part of the development of a correction near the area of ​​1.1331. There is still potential for the formation of a “Wedge” reversal pattern, a downward breakdown of which will indicate a strong fall in the pair. The pair continues to move within the descending channel. Moving averages indicate a bearish trend. Prices have gone down from 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,…

Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 60.15 Rubles per US Dollar. The pair continues to move as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, 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 November 7 — 11, 2022, we should expect an attempt to develop a decline and test the support area near…