Author: forex24pro

BTC/USD are trading at 20241 and continue to move as part of the development of growth and a downward channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $386,402,892,669. 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 6, 2022, we should expect an attempt to…

Ethereum are trading at 1353 and continue to move within the correction and the downward channel. The potential for the formation of the “Triangle” model remains. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $165,431,287,960. 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 decline in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a bullish correction…

XRP/USD are trading at 0.4873 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 $24,736,927,867. Moving averages indicate the presence of a short-term bullish trend for Ripple. Prices have gone up from 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…

LTC/USD aare trading at 54.34 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 $3,880,372,384. 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 area…

DOGE/USD are trading at 0.0648 and continue to move as part of the growth and the formation of the “Triangle” model. 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 0.0665 area. Where can we expect a rebound down again and a…

SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00001143, 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 have broken through the area with signal lines up, which indicates pressure from buyers of the coin and a potential continuation of growth 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…

Currency pair Euro/Dollar EUR/USD continues to move as part of the development of a strong bullish correction and a downward channel. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the European currency and a potential continuation of the fall in asset quotes already from current levels. At the time of the publication of the forecast, the EUR/USD exchange rate is 0.9967. As part of the Forex forecast for October 6, 20222, we should expect an attempt to develop a…

Currency pair Pound/Dollar GBP/USD continues to move as part of the development of a strong bullish correction and a downward channel. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.11451 Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt to develop a bullish price correction of the British Pound against the US Dollar…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the development of a correction and a downward channel. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the currency pair and a potential continuation of the fall in the value of the instrument already from current levels. At the time of the publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.6470. At the moment, we should expect an attempt to develop the growth…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the formation of the “Wedge” model. At the time of publication of the forecast, the US Dollar to the Japanese Yen is 144.16. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the US Dollar and a potential continuation of price growth already from current levels. As part of the forecast for the Japanese Yen on October 6, 2022,…