Author: forex24pro

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…

Silver continue to move within the correction and the bearish channel. At the time of the publication of the forecast, the price of Silver is 19.87. 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 value already from current levels. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the resistance level near the area of ​​19.95. Where should we expect a rebound…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the development of the correction and the downward channel. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are again testing 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 Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6209. At the…

Currency pair Dollar Franc USD/CHF continues to move as part of growth and has left the limits of the downward channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9611. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are again testing 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 a…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move within the correction and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 52.58. 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 US currency and a potential continuation of the fall of the US Dollar against the Russian Ruble. As part of the USD exchange rate forecast for July 5, 2022, we should expect an attempt to…

BTC/USD are trading at 19106 and continue to move as part of the development of the fall and the formation of the “Triangle” model. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $379,041,308,059. Moving averages indicate the presence of a short-term downward trend for Bitcoin. Prices have broken through the area between the signal lines down, which indicates pressure from the sellers of “Digital Gold” and a potential continuation of the fall in the value of the asset already from current levels. As part of the cryptocurrency rate forecast for tomorrow, July…

Ethereum are trading at 1124 and continue to move within the correction and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $136,187,166,365. Moving averages indicate a short-term bearish trend for Ethereum. Prices have broken through the area between the signal lines down, 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 a correction in the value of the coin and a test of the resistance level…

XRP/USD are trading at 0.3196 and continue to move as part of the fall and the formation of the “Triangle” pattern. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $15,667,212,283. 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…

LTC/USD are trading at 51.50 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 $3,629,806,206. 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…