Author: forex24pro

Ethereum are trading at 1221 and continue to move as part of the correction and the formation of the downward “Wolfe Wave” pattern. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $148,512,560,180. Moving averages indicate a short-term bullish trend for Ethereum. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a potential continued growth in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a correction in the value of the coin and a…

XRP/USD are trading at 0.3582 and continue to move within the correction and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $17,594,912,413. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the decline in the XRP rate on the market already from current levels. At the moment, we should expect an attempt to develop a correction of the asset and a test…

LTC/USD are trading at 57.80 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 $4,099,316,816. 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 an increase in the value of a digital asset and…

Currency pair Euro Dollar EUR/USD completes the trading week near the area of ​​1.0542 and continues to move as part of the fall and the downward channel. The pair is rebounding from the support area near the level of 1.0305 for the second time. 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…

BRENT ccomplete the trading week near the area of ​​108.34 dollars per barrel. And it continues to move within the correction and the bullish channel. This is where the “Triangle” model is formed. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of raw materials and a potential continuation of the rise. At the moment, we should expect an attempt to develop a correction and test the support area near the level of 104.55. Then, it is worth considering a rebound upwards and the continuation of the growth…

Currency pair Pound Dollar GBP/USD completes the trading week near the area of ​​1.2270. 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 1.2505. 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 50.71 Rubles per US Dollar. The pair continues to move within the framework of the fall and the bearish channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, 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 June 27 — July 1, 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 ​​0.6943. The pair continues to move within the framework of the fall and the descending channel. 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 near the level of 0.7235. Then, a rebound and continued fall…

The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2922. The pair continues to move within the growth and bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, 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 ​​1.2695. Then, a rebound upwards and the continuation of the rise of quotations with a…

Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of ​​135.11. The pair continues to move within the development of growth and a bullish channel. Moving averages indicate a bullish trend. Prices have gone up from the area between the signal lines, which indicates pressure from US dollar buyers and a potential continuation of the rise. At the moment, we should expect an attempt to develop a decline and test the support level near the area of ​​127.55. Then, a rebound up and continued growth of the pair’s fall to the area…