Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the rise and the downward channel. 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 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 0.7246. At the moment, we should expect…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
Currency pair Dollar Franc USD/CHF continues to move as part of the fall and the formation of the “Wedge” reversal pattern. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.8952. Moving averages indicate a short-term bearish trend for the pair. Prices push off from 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 current levels. At the moment, we should expect an attempt to develop a depreciation of the US…
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 73.37. 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 May 26, 2021, we should expect an attempt to…
BTC/USD are trading at 37095 and continue to move as part of the fall and the formation of the “Triangle” pattern. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $ 707,881,456,251. Moving averages indicate a short-term bearish trend for Bitcoin. Prices bounced back from the area between the signal lines downward, 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, May 26, 2021, we should…
Ethereum are trading at the level of 2356.90 and continue to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $ 301,608,723,231. Moving averages indicate a short-term bearish trend for Ethereum. Prices are testing the area of 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…
XRP/USD are trading at 0.9119 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 $ 43,374,689,558. Moving averages indicate a short-term bearish trend for Ripple. Prices broke down from 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…
Stock index S&P 500 continue to move within the framework of growth and have left the descending channel. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upward, 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 4200. At the moment, we should expect an attempt to develop a decline and test the support level near the 4165 area.…
LTC/USD are trading at 172.12 and continue to move as part of a bullish correction and a downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 11,797,916,155. Moving averages indicate a short-term bearish trend for Litecoin. Prices are testing 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…
Currency pair Euro Dollar EUR/USD ends the trading week near the area of 1.2136, as we can see, there were no significant changes. The pair continues to move as part of the correction and the formation of a large “Head and Shoulders” reversal pattern, which is able to send the pair to the level of 1.1005 and below. 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…
BRENT ended the trading week near the area of $ 65.90 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 65.50. Then, a rebound and continued growth of oil to the area above the level of $ 85.55 per barrel. BRENT…