Author: forex24pro

LTC/USD are trading at 49.82 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 $3,538,160,793. 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 correction in the value of the digital asset and a test of the resistance level near the 50.05…

DOGE/USD are trading at the level of 0.0684 and continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. 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 0.0715 area. Where can we expect…

SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00001036, they continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate the presence of a short-term bearish 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…

Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the formation of the “Triangle” pattern. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the European currency and a potential continuation fall in asset quotes already from current levels.At the time of the publication of the forecast, the Euro against the US Dollar is 1.0418.As part of the Forex forecast for July 5, 2022, we should expect an attempt to develop a price increase and test the resistance…

Currency pair Pound/Dollar GBP/USD continues to move within the correction and the downward channel. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.2097. 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 of the instrument. At the moment, we should expect an attempt to develop a rise in the price of the British Pound against the US Dollar and a…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the correction and the downward channel. Moving averages indicate the presence of a short-term bearish trend. Prices have gone down from the area between the signal lines, 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 publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.6862. At the moment, we should expect an attempt to develop the growth of the pair and…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the bullish channel. At the time of publication of the forecast, the US Dollar to the Japanese Yen is 135.68. 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 July 5, 2022, we should expect…

Brent continue to move as part of growth and have left the limits of the downward correction channel. At the time of publication of the forecast, the price of Brent crude oil is $113.78 per barrel. Moving averages indicate a short-term bearish trend in oil. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of Black Gold and a potential continuation of the growth in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the correction and the bullish channel. The potential for the formation of the “Wedge” reversal pattern remains, in case of a breakdown of this model upwards, we should expect a strong rise as part of the pattern. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.2861. 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 and a potential continuation of…

GOLD continue to move within the correction and the downward channel. At the time of the publication of the forecast, the price of Gold is 1806 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bearish trend. 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 and a test of the resistance level near the 1815 area. Where should we expect a rebound down and…