Author: forex24pro

Currency pair US Dollar/Russian Ruble USD/RUB continues to move within the correction and the bullish channel. At the time of publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 58.21. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the US currency and a potential continuation of the decline of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for November 15, 2022, we should expect an attempt to…

BTC/USD are trading at 16783 and continue to move as part of the development of the fall and the downward channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $318,348,741,370. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines down, 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, November 15, 2022, we should…

Ethereum are trading at 1259 and continue to move as part of the fall and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $152,813,696,854. Moving averages indicate the presence of a short-term bearish trend for Ethereum. Prices have gone down from 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…

XRP/USD are trading at 0.3434 and continue to move as part of the fall and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $17,275,333,003. 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 bullish correction of the asset…

LTC/USD are trading at 57.65 and continue to move within the correction and left the bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $4,087,113,532. Moving averages indicate the presence of a short-term bullish trend for Litecoin. Prices are again testing the area between the signal lines, 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 bullish correction in the value of the digital asset and a test of the resistance…

DOGE/USD are trading at 0.0865 and continue to move as part of the correction and the formation of the “Triangle” model. 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 0.0975 area. Where can we expect a rebound down again and a continuation of…

SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00000924, they continue to move within the correction and the downward channel. Moving averages indicate the presence of a short-term bearish trend for the coin. Prices are again testing the area with signal lines, which indicates pressure from sellers of the coin and a potential continuation of the fall 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 ​​1.0285 and continues to move as part of the development of strong 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 fall and test the support area near the level of 1.0105. Where is the expected rebound up and continued growth of…

BRENT complete the trading week near the area of ​​96.37 dollars per barrel. The asset continues to move within the growth and bullish channel. 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 80.25. Then, it is worth considering a rebound upwards and the continuation of the growth of oil in the area above…

Currency pair Pound Dollar GBP/USD completes the trading week as part of the development of a correction near the area of ​​1.1755. 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 and a resumption of the downtrend. 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…