Author: forex24pro

BTC/USD are trading at the level of 19271 and continue to move as part of the development of the correction and the formation of the “Triangle” model. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $370,116,816,430. Moving averages indicate a short-term bearish trend for Bitcoin. Prices are again testing the area between the signal lines, 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 rate forecast for tomorrow, October 26,…

Ethereum are trading at 1345 and continue to move as part of the correction and the formation of the “Triangle” model. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $164,470,195,485. 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…

XRP/USD are trading at 0.4425 and continue to move as part of the correction. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $22,316,416,207. Moving averages indicate the presence of a short-term bullish 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 and a test of…

LTC/USD are trading at 52.39 and continue to move within the correction and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $3,748,035,117. Moving averages indicate a short-term bearish trend for Litecoin. Prices are again testing 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 55.65…

DOGE/USD are trading at 0.0596 and continue to move within the correction and the downward channel. Moving averages indicate a short-term bullish 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 0.0625 area. Where can we expect a rebound down again and a continued fall in the Dogecoin…

SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00000997, they continue to move within the correction and the downward channel. The potential for the formation of the “Triangle” model remains. 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…

The currency pair of the US Dollar to Mexican Peso USD/MXN continues to move as part of the fall and the long-term downward channel. At the time of publication of the forecast, the US Dollar to Mexican Peso exchange rate is 19.89. At the moment, we should expect an attempt to develop a bullish correction and test the resistance level near the 20.00 area. Then, as part of the forecast for the pair, the pair is expected to continue falling to the area below the level of 19.40. Mexican Peso Forecast October 26, 2022 In favor of the decline in…

The US Dollar to Turkish Lira USD/TRY currency pair continues to move as part of the growth of the bullish channel. At the time of publication of the forecast, the exchange rate of the US Dollar to the Turkish Lira is 18.60. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the currency pair. At the moment, we should expect an attempt to develop a downward correction and a test of the support level near the 18.45 area and the…

Currency pair US Dollar to Polish Zloty USD/PLN continues to move as part of the correction and the formation of the “Triangle” model. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers of the asset. At the time of publication of the forecast, the exchange rate of the US Dollar to the Polish Zloty is 4.84. At the moment, we should expect an attempt to develop a correction and test the support level near the 4.70 area. Then, the continued growth of…

Currency pair US Dollar to South African Rand USD/ZAR continues to move as part of the growth and the bullish channel. The potential for the formation of the “Triangle” model remains, as a rule, buyers break through this model upwards. At the time of publication of the forecast, the exchange rate of the US Dollar to the South African Rand is 18.42. At the moment, we should expect an attempt to fall and a test of the support level near the area of ​​18.10. Further, the continuation of the growth of the pair to the area above the level of…