XRP/USD are trading at 0.3753 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 $18,446,696,261. Moving averages indicate the presence of a short-term bullish 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 a rise in the asset and a test…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
LTC/USD are trading at 62.69 and continue to move within the growth and bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $4,473,790,888. 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 rise in the value of the digital asset and a test of the resistance level near…
DOGE/USD are trading at the level of 0.0701 and continue to move as part of the correction 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 rise in the value of the digital asset and a test of the resistance level near the 0.0785 area. Where can we expect a rebound down again…
SHIBA INU is trading at the time of publication of the forecast at 0.00001236, continuing to move within the growth and bullish channel. Moving averages indicate the presence of a short-term bullish trend for the coin. Prices have broken through the area between the 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 value of a digital asset and a test of the resistance area near the level…
Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.0223 and continues to move within 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 test the resistance area near the level of 1.0385. Where is the expected rebound and continued fall of the Euro Dollar. The potential target of the decline…
BRENT complete the trading week near the area of 94.60 dollars per barrel. And it continues to move within the framework of a downward correction and a bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines down, which indicates pressure from the sellers of raw materials and a potential continuation of the fall. At the moment, we should expect an attempt to develop a correction and test the support area near the level of 87.05. Then, it is worth considering a rebound upwards and the continuation of the growth of oil…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.2138. The pair continues to move within the framework of the fall and 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 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 1.2275. Further, a rebound down and the continuation of…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 57.61 Rubles per US Dollar. The pair continues to move as part of the correction and the formation of an inverted “Head and Shoulders” reversal 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 August 8 — 12, 2022, we should expect an attempt to develop a decline…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6964. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices are again rebounding 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 near the level of 0.7045. Then, a rebound and continued fall of AUD/USD with…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2869. The pair continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices are rebounding from the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of growth in the near future. At the moment, we should expect an attempt to develop a correction and test the support level near the area of 1.2685. Then, a rebound upwards and the continuation of the rise in quotes with a…