DOGE/USD are trading at 0.0596 and continue to move within the correction and the downward channel. Moving averages indicate the presence of a short-term sideways trend for Dogecoin. 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 bullish correction in the value of the digital asset and a test of the resistance level near the 0.0635 area. Where can we expect a rebound down again and a continuation of…
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.
SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00001039, 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 0.9721 and continues to move as part of the development of a slight correction and a downward channel. Moving averages indicate the presence of a bearish trend, it is worth noting that the trend remains quite strong, as prices have not even been able to rise to the fast moving average. 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…
BRENT complete the trading week near the area of 93.00 dollars per barrel. And it continues to move within the framework of a slight increase and a bullish channel. There is still potential for the formation of a “Head and Shoulders” reversal pattern, a breakdown of which can send the price of oil above the level of 130.00. Moving averages indicate an uptrend. Prices are again testing the area between the signal lines, 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…
Currency pair Pound Dollar GBP/USD ends the trading week with a correction after falling near the 1.1195 area. The pair continues to move within the descending channel. Moving averages indicate the presence of a bearish trend, even despite attempts to move up. Prices have broken through the area between the signal lines down, 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 1.1295.…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 61.39 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 October 17 — 21, 2022, we should expect an attempt to develop a decline and test the support area near…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6281. The pair continues to move within the framework of the fall and 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 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 0.6435. Then, a rebound and continued fall…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3814. The pair continues to move within the framework of strong growth and a 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 1.3415. Then, a rebound upwards and the continuation…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 147.71. The pair continues to move within the development of growth and a bullish channel. Moving averages indicate a bullish trend. Prices have gone up from the area between the signal lines, which indicates pressure from US dollar buyers 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 140.25. Then, a rebound up and continued growth of the pair’s fall to the area…
GOLD completes the trading week with a correction near the 1658 area. XAU/USD quotes continue to move as part of the correction and the formation of the “Wedge” reversal pattern. Moving averages indicate the presence of a bearish trend for Gold. Prices have broken through the area between the signal lines down, 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 area of 1615. Further, the continuation of the growth in the price…