Author: forex24pro

XRP/USD end the trading week at 0.5886 and continue to move as part of the correction and the formation of the “Wedge” model. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downward, which indicates pressure from sellers and a potential continuation of the fall of the cryptocurrency from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near 0.4465. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above…

Litecoin LTC/USD ends the trading week at 123.38 and continues to move as part of the correction and left the bullish channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines down. This indicates pressure from sellers of the digital asset and a potential continuation of the decline in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a price rise and a test of the resistance area near the level of 155.05. Where can we expect a rebound again and an attempt to fall…

Bitcoin Cash ends the trading week at 444.42 and continues to move as part of the fall. Moving averages indicate a bullish trend. Prices have broken the area between the signal lines downward, which indicates pressure from the coin’s sellers and a potential continuation of the fall. As part of the BCH/USD rate forecast for the next trading week, we should expect an attempt to continue to grow in the value of the digital asset and test the resistance area near the level of 575.05. From where a rebound is expected again and an attempt to drop the Bitcoin Cash…

Silver ends the trading week near the 25.87 area. Quotes continue to move within the correction. Here the large “Triangle” pattern continues to form, buyers have not yet been able to break through the upper border of this pattern. Moving averages indicate a bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from metal buyers and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a minor correction in the value of the asset and a test of the support level near…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the bullish channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2559. Moving averages indicate a short-term bullish trend for the pair. Prices are pushing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the pair of prices in the near future. At the moment, we should expect an attempt to develop a fall and a test of the support level…

Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the formation of the “Triangle” model. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the European currency and a potential continuation of the fall in quotations from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1815. As part of the Forex forecast for July 16, 2021, we should expect an attempt to develop a slight bullish correction and a test…

Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the “Wedge” reversal pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3848. Moving averages indicate a short-term bearish trend. Prices broke up the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt at a bullish correction of the British Pound against the US Dollar and a test of the…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the decline and the formation of the “Triangle” pattern. Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall in the value of the instrument from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7439. 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 fall and left the bullish channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 109.84. Moving averages indicate a short-term bearish trend for the pair. The prices have broken the area between the signal lines downward, which indicates pressure from the sellers of the US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast for the Japanese Yen rate for…

Brent continue to move as part of the correction and the formation of the “Triangle” pattern. At the time of the publication of the forecast, the price of Brent crude oil is $ 73.80 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are testing the area between the signal lines, which indicates pressure from buyers of “Black Gold” and a potential continuation of the rise in the value of the asset already from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support level near…