Author: forex24pro

BTC/USD are trading at 19128 and continue to move as part of the development of a sideways correction and a downward channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $368,501,834,450. 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 buyers of Digital Gold and a potential continued growth in the value of the asset already from current levels. As part of the cryptocurrency rate forecast for tomorrow, October 4, 2022, we should expect an attempt to…

Ethereum are trading at 1288 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 $158,965,284,752. Moving averages indicate the presence of a short-term bearish trend for Ethereum. Prices have broken through the area between the signal lines down, which indicates pressure from sellers and a potential continuation of the decline 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 0.4395 and continue to move within the correction and the bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $22,265,952,075. Moving averages indicate the presence of a short-term bullish trend for Ripple. Prices are again testing the area between the signal lines, 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 downward correction of the asset and a test…

LTC/USD are trading at 52.49 and continue to move as part of the fall and left the bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $3,772,818,000. Moving averages indicate a short-term bearish trend for Litecoin. 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 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 0.0601 and continue to move within the correction and left the limits of the bullish correction channel. Moving averages indicate a short-term bullish trend for Dogecoin. Prices are again pushing the area between the signal lines, 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 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…

SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00001107, they continue to move as part of the correction and the formation of the “Triangle” model. 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…

Currency pair Euro Dollar EUR/USD completes the trading week near the area of ​​0.9796 and continues to move as part of the development of the correction and the 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 0.9945. Where is the expected rebound and continued fall of the…

BRENT complete the trading week near the area of ​​86.38 dollars per barrel. And it continues to move within the framework of a downward correction and a bullish channel. 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 fall 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 84.45. Then, it is worth considering a rebound upwards and the continuation of the growth…

Currency pair Pound Dollar GBP/USD ends the trading week with a correction after a strong fall near the area of ​​1.1144. The pair continues to move within the descending channel. Moving averages indicate a bearish trend. 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 1.1275. Further, a rebound down and the…

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 as part of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bearish trend. Prices have broken down the area between the signal lines, which indicates pressure from sellers of the US dollar and a likely continuation of the fall of the pair already from these levels. In the current trading week October 3 — 7, 2022 we should expect an attempt to develop a decline and test the support…