Author: forex24pro

LTC/USD are trading at 61.10 and continue to move as part of the growth and the formation of the “Wedge” reversal pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $4,359,296,896. Moving averages indicate the presence of a short-term bullish trend for Litecoin. Prices are again testing the area between the signal lines, 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…

DOGE/USD are trading at 0.0762 and continue to move within the growth and bullish channel. 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 decrease in the value of the digital asset and a test of the support level near the 0.0705 area. Where can we expect a rebound again and the continued growth of the Dogecoin rate with a…

SHIBA INU is trading at the time of the publication of the forecast at 0.00001609, continuing to move within the framework of strong growth and a 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 downward correction in the value of a digital asset and a test of the…

Currency pair Euro Dollar EUR/USD completes the trading week near the area of ​​1.0279 and continues to move as part of the development of a bullish correction and a 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 1.0375. Where is the expected rebound and continued fall of the Euro Dollar.…

BRENT complete the trading week near the area of ​​98.41 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 are again testing the area between the signal lines, which indicates pressure from buyers of raw materials and a potential continuation of growth 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 88.25. Then, it is worth considering a rebound upwards and the continuation of the growth of…

Currency pair Pound Dollar GBP/USD completes the trading week near the area of ​​1.2129. The pair continues to move as part of the development of the correction 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 1.2275. Further, a rebound down and the…

Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 57.37 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 15 — 19, 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 ​​0.7087. The pair continues to move as part of the development of a strong correction and a 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 0.7110. Then, a rebound…

The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2783. The pair continues to move within the correction and the bullish channel. The potential for the formation of a reversal pattern “Wedge” remains. 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 ​​1.2695. Then, a rebound…

Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of ​​133.78. The pair continues to move as part of the development of a correction after a strong growth and a bullish channel. The potential for the formation of a double bottom reversal pattern remains. Moving averages indicate a bullish trend. Prices are rebounding 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 correction and test the support level near…