Author: forex24pro

DOGE/USD are trading at 0.0949 and continue to move within the bullish correction and the downward channel. Moving averages indicate a short-term bearish trend for Dogecoin. Prices have broken through the area between the moving averages 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 0.1005 area. Where can we expect a rebound down again and a continuation of the fall in…

SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00000902, 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 ​​1.0363 and continues to move as part of a bullish correction and a downward 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 increase and a test of the resistance area near the level of 1.0545. Where is the expected rebound down and the continuation of the fall…

BRENT complete the trading week near the area of ​​85.64 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 an uptrend. 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 80.75. 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 strong bullish correction near the area of ​​1.2066. 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 1.2335. Further, a rebound down…

Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 58.65 Rubles per US Dollar. The pair continues to move within the correction and the 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 November 28 — December 2, 2022, we should expect an attempt to develop a decline and test the support area near the…

Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of ​​0.6725. 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 0.6825. 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 1.3392. The pair continues to move within a strong downward correction and a bullish channel. 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 ​​1.3255. Then, a rebound upwards and the continuation of the…

Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week with a strong fall near the area of ​​139.47. The pair continues to move as part of the development of a downward correction and a bullish channel. 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 a correction and test the support level near the area of ​​138.45. Then, a rebound up and…

GOLD completes the trading week with a correction near the 1747 area. XAU/USD quotes continue to move as part of growth and have left the limits of the descending channel. The potential for the formation of a reversal pattern “Head and Shoulders” remains. Moving averages indicate the presence of a bearish trend for Gold. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the price fall. At the moment, we should expect an attempt to develop a decrease in prices and a test of the support level near the…