Author: forex24pro

Ethereum are trading at 1816 and continue to move as part of the fall and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $218,371,932,984. Moving averages indicate a short-term bearish trend for Ethereum. Prices bounced off the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset already from current levels. At the moment, we should expect an attempt to develop an increase in the value of the coin and a test of the resistance level…

XRP/USD are trading at 0.3965 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 $19,374,461,034. 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 62.60 and continue to move as part of the fall and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $4,391,395,638. Moving averages indicate a short-term bearish trend for Litecoin. Prices are rebounding from 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 an increase in the value of a digital asset and a test of the resistance level near the…

DOGE/USD are trading at 0.0802 and continue to move as part of the fall 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 0.0815 area. Where can we expect a rebound down again and a continued fall in…

SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00001077, they continue to move within the correction and the downward channel. 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 of a digital asset and a test of…

Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the beginning of the development of the “Double Top” reversal pattern. Moving averages indicate the presence of 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 of the fall in asset quotes already from current levels. At the time of the publication of the forecast, the EUR/USD exchange rate is 1.0710. As part of the Forex forecast for June 8, 2022, we should expect an…

Currency pair Pound/Dollar GBP/USD continues to move as part of a decline and a bullish channel. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.2485. Moving averages indicate the presence of a short-term downward 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 correction in the price of the British Pound against the US Dollar…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the development of the fall and left the bullish channel. Moving averages indicate the presence of a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continued growth in the value of the instrument already from current levels. At the time of the publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.7162. At the moment, we should expect an attempt to develop the growth…

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 132.72. 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 June 8, 2022, we should expect…

Brent continue to move as part of growth and a bullish channel. At the time of publication of the forecast, the price of Brent crude oil is $119.27 per barrel. Moving averages indicate the presence of a short-term bullish 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 fall and test the support level near the area of ​​115.85…