Author: forex24pro

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the fall and the bearish channel. Moving averages indicate a short-term bullish 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 0.7191. At the moment, we should…

Currency pair Dollar Franc USD/CHF continues to move as part of the fall. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.8965. 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 sellers and a potential continuation of the fall in the asset value from the current levels. At the moment, we should expect an attempt to develop a depreciation of the US Dollar against the Swiss Franc and a test of the…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall 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 72.43. Moving averages indicate a short-term bearish trend. Prices have broken down the area between the signal lines, which indicates pressure from the sellers 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 June 9, 2021, we should expect an attempt to…

BTC/USD are trading at 32468 and continue to move as part of the fall and the downtrend channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $596,881,902,680. Moving averages indicate a short-term bearish trend for Bitcoin. Prices went down from 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 the current levels. As part of the cryptocurrency rate forecast for tomorrow, June 9, 2021, we should expect an attempt to develop a correction…

Ethereum are trading at 2444.93 and continue to move as part of the fall. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $278,839,956,092. Moving averages indicate a short-term bearish trend for Ethereum. Prices broke through the area between the signal lines downward, which indicates pressure from sellers and a potential continuation of the fall in the asset value from the current levels. At the moment, we should expect an attempt to develop the growth in the value of the coin and test the resistance level near the area of ​​2575.05. Where can…

XRP/USD are trading at 0.8296 and continue to move within the fall and the downtrend channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $38,188,280,453. Moving averages indicate a short-term bearish trend for Ripple. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the XRP rate decline in the market already from current levels. At the moment, we should expect an attempt to develop a bullish correction of the asset and a test of the resistance level near…

Stock index S&P 500 continue to move within the correction and the bullish channel. Moving averages indicate a short-term uptrend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth of the stock index in the market from the current levels. At the time of the publication of the forecast, the index is trading at the level of 4221. At the moment, we should expect an attempt to develop a correction and test the support level near the 4205 area. Where can we expect a rebound…

LTC/USD are traded at 154.15 and continue to move within the fall and the downtrend channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $10,121,463,825. Moving averages indicate a short-term bearish trend for Litecoin. Prices went down from the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of a digital asset and a test of the resistance level near…

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.2109 area. The pair continues to move as part of the correction and the formation of a large “Double Top” reversal pattern. Moving averages indicate a bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from buyers of the European currency and the likely continuation of growth from the current levels. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near the level of 1.2225. Where the rebound is expected from…

BRENT finish the trading week near the area of ​​69.17 dollars per barrel. And it continues to move within the correction and the upward channel. Moving averages indicate a bullish trend. Prices moved 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 fall and a test of the support area near the level of 66.85. Then, a rebound and continued growth of oil to the area above the level of $ 88.05 per barrel. BRENT…