Author: forex24pro

BTC/USD are trading at 19553 and continue to move as part of the development of a sideways correction and the start of the “Triangle” pattern. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $374,944,905,095. Moving averages indicate a short-term bullish 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 fall in the value of the asset already from current levels. As part of the cryptocurrency exchange rate forecast for tomorrow, October 18,…

Ethereum are trading at 1330 and continue to move within the correction and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $162,694,813,107. Moving averages indicate the presence of a short-term bearish trend for Ethereum. Prices are again testing 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 a test of…

XRP/USD are trading at 0.4742 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 $23,849,366,700. 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…

LTC/USD aare trading at 51.76 and continue to move as part of the fall and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $3,704,035,996. 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 level…

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…

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…