Author: forex24pro

Introduction Blockchain and cryptocurrency have risen in popularity in recent years, and the frenzy around them is unlikely to wane very soon. Every day, more individuals invest in cryptocurrency. The industry has witnessed advancements like cross-border payments, real-time IoT operating systems, NFT markets, decentralized finance (DeFi), identity management solutions, and others. Although cryptocurrencies are projected to become the future of money in the coming years, the blockchain technology that underlies them is already transforming how businesses function. Blockchain may be used to make businesses function more effectively since it offers a secure ledger for all transactions. From decentralized security to…

Currency pair Euro Dollar EUR/USD completes the trading week near the area of ​​1.0799 and continues to move as part of the fall and the 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 correction and test the resistance area near the level of 1.1025. Where is the expected rebound and continued fall of the Euro Dollar. The potential target of the…

BRENT complete the trading week near the area of ​​106.40 dollars per barrel. And it continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices have gone up from 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 102.55. Then, it is worth considering a rebound upwards and the continuation of the growth of oil in the area above the…

Currency pair Pound Dollar GBP/USD completes the trading week near the area of ​​1.2864. 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 1.2985. 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 76.21 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 April 25 — 29, 2022, we should expect an attempt to develop growth and test the resistance area near…

Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of ​​0.7304. The pair continues to move within the framework of the fall and the descending channel. Moving averages indicate the presence of a sideways trend. 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 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 0.7470. Then, a rebound…

The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.2676. The pair continues to move as part of the rise and the formation of the “Triangle” pattern. Moving averages indicate a 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 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 ​​1.2505. Then, a rebound upwards and continued rise…

Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of ​​128.49. The pair continues to move within the growth and 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 ​​125.45. Then, a rebound up and continued growth of the fall of the pair to the area below…

GOLD completes the trading week near the 1942 area. XAU/USD quotes continue to move within the correction and the bullish channel. Buyers failed to break through the 2055 resistance level, and the last test of this level was in mid-2021. Moving averages indicate the presence of a bullish trend for Gold. Prices have broken through the area between the signal lines up, which indicates pressure from buyers and a potential continuation of price growth. At the moment, we should expect an attempt to develop a decrease in prices and a test of the support level near the area of ​​1895.…

Quotes of the New Zealand Dollar to US Dollar NZD/USD end the trading week with a fall near the 0.6668 area. Moving averages indicate the presence of a bearish trend for the pair. Prices have broken through the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the fall from current levels on the market. At the moment, we should expect an attempt to develop the growth of the currency pair on Forex and test the resistance area near the level of 0.6815. Then, a rebound down and the continuation…