Author: forex24pro

XRP/USD are trading at 0.3501 and continue to move as part of a bullish correction and a downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $17,648,716,153. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices have broken through the area between the signal lines up, 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 the growth of the asset…

LTC/USD are trading at 61.39 and continue to move as part of the correction and the formation of the “Wedge” reversal pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $4,349,023,697. Moving averages indicate the presence of a short-term bullish trend for Litecoin. 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…

Quotes of Natural Gas continue to move as part of the growth and the formation of the reversal pattern ”Head and Shoulders”. At the time of publication of the forecast, the price of Natural Gas is $8.30. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines down, which will indicate pressure from sellers and a continuation of the fall from current levels. At the moment, we should expect an attempt to develop growth and test the resistance level near the 9.30 area. Further, the continuation of the fall of the gas rate to…

DOGE/USD are trading at 0.0637 and continue to move within the correction and the downward channel. Moving averages indicate a short-term bearish 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 0.0695 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 0.00001284, they continue to move as part of the correction and the formation of the “Wedge” model. Moving averages indicate the presence of a short-term bearish trend for the coin. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the coin and a potential continuation of the fall from the 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…

Currency pair Euro Dollar EUR/USD completes the trading week near the area of ​​1.0080 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 correction and a test of the resistance area near the level of 1.0245. Where is the expected rebound and continued fall of the Euro…

BRENT complete the trading week near the area of ​​90.74 dollars per barrel. And it continues to move within the framework of a strong 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 87.65. Then, it is worth considering a rebound upwards and continued growth of oil…

Currency pair Pound Dollar GBP/USD ends the trading week with a fall near the area of ​​1.1614. The pair continues to move as part of the development of the fall and the downward 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 at current levels. At this point, we should expect an attempt to develop a bullish correction and test the resistance area near the level of 1.1915. Further, a rebound…

Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 58.37 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 September 12 — 16, 2022, we should expect an attempt to develop a decline and test the support…

Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of ​​0.6856. The pair continues to move within the framework of the fall and the descending channel. The potential for the formation of the “Descending Triangle” pattern remains. 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…