Author: forex24pro

Decades ago, the concept of owning digital money probably sounded weird and unattainable. Nonetheless, as cryptocurrency exploded in popularity in the past years, most have chosen to invest and own this type of digital currency. And every cryptocurrency investment journey starts with a cryptocurrency exchange platform. Read on to learn more about crypto exchanges and how they work. What’s a Crypto Exchange Cryptocurrency exchanges such as are online platforms that facilitate the trading of cryptos as well regular currencies such as Euros and United States (US) Dollars. It’s said that crypto exchanges first existed because most traditional investment firms didn’t…

Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices pushed down from the area between the signal lines, 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 1.1107. As part of the Forex forecast for March 30, 2022, we should expect an attempt to develop…

Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.3136. Moving averages indicate the presence of a short-term bearish trend. Prices went down from the area between the signal lines, 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 and…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the fall and the completion of the formation of the downward “Wolfe Wave” pattern. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from currency pair and a potential continuation of the growth in the value of the instrument already from current levels.At the time of the publication of the forecast, the rate of the Australian Dollar against the US Dollar is 0.7464.At the moment, we should expect an attempt to develop a rise…

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 the publication of the forecast, the US Dollar to the Japanese Yen is 122.83. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines, 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 March 29, 2022, we should expect…

Brent continue to move within the correction and the bullish channel. At the time of the publication of the forecast, the price of Brent oil is $102.66 per barrel. Moving averages indicate the presence of a short-term bullish trend in oil. Prices are again testing the area between the signal lines, which indicates pressure from buyers of Black Gold 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 and test the support level near the area of ​​97.55 dollars per…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the downward channel. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.2519. 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 and a potential continuation of the pair’s fall in the near future. At the moment, we should expect an attempt to develop a fall in prices and a test of the support level near…

GOLD continue to move as part of the fall and have broken through the lower limit of the bullish channel. At the time of the publication of the forecast, the price of Gold is 1891 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bullish 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 growth already from current levels. At the moment, we should expect an attempt to develop growth and test the resistance level near the 1920 area. Where should…

Silver continue to move as part of the fall and have left the limits of the bullish bullish channel. At the time of the publication of the forecast, the price of Silver is 23.98. Moving averages indicate a bullish 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 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…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the fall and the bullish channel. Here the bearish ”Wolfe Wave” pattern continues to form. Moving averages indicate the presence of a short-term bullish trend for the pair. 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 publication of the Forex forecast, the exchange rate of the New Zealand Dollar to the US…