Author: forex24pro

Brent continue to move within the correction and the bullish channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 81.18 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken the area between the signal lines up, which indicates pressure from buyers of ”Black Gold” and a potential continuation of the growth of the asset value from the current levels. At the moment, we should expect an attempt to develop growth and test the resistance level near the area of ​​82.35 dollars per barrel. Further, the beginning…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the formation of the ”Head and Shoulders” pattern on higher timeframes. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2737. Moving averages indicate a short-term bearish trend for the pair. Prices went down from the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the price pair in the near future. At the moment, we should expect an attempt to continue the…

GOLD continue to move as part of the growth and the bullish channel. At the time of the publication of the forecast, the price of GOLD is 1823 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices went up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support level near the 1805 area. Where can we expect an upward rebound and a continued…

Silver continue to move as part of the correction and the formation of the bearish pattern ”5-0”. At the time of this forecast, Silver prices are at 23.07. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth in value from the current levels. At the moment, we should expect an attempt to develop a rise in the value of the metal and a test of the resistance level near the 23.35 area. Where can we expect a rebound…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall in the value of the instrument already from the current levels. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6822. At the moment, we should…

Currency pair Dollar Franc USD/CHF continues to move as part of the growth and left the descending channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9158. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the asset’s price growth from the current levels. At the moment, we should expect an attempt to continue the development of the depreciation of the US Dollar against the Swiss…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the growth and the bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 76.05. Moving averages indicate a short-term bullish trend. Prices have broken the area between the signal lines upward, which indicates pressure from buyers of the US currency and a potential continuation of the fall of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for January 6, 2022, we should expect an attempt to develop…

BTC/USD are trading at 46366 and continue to move as part of the correction and the downward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $866,441,821,189. Moving averages indicate a short-term bearish trend for Bitcoin. Prices went down from the area between the signal lines, which indicates pressure from the sellers of ”Digital Gold” and a potential continuation of the fall in the value of the asset already from the current levels. As part of the cryptocurrency rate forecast for tomorrow, January 6, 2022, we should expect an attempt to develop a correction in…

Ethereum are trading at 3776 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 $443,526,973,467. Moving averages indicate a short-term bearish trend for Ethereum. Prices are 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 the current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of the coin and a test of the…

XRP/USD are trading at 0.8216 and continue to move as part of the correction and the downward channel. There is potential for the formation of a Head and Shoulders pattern. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $38,951,946,724. Moving averages indicate a short-term bearish trend for Ripple. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the asset and the potential continuation of the XRP rate decline in the market already from the current levels. At the moment, we should expect an attempt…