Author: forex24pro

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction 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 74.53. 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 rise in the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for July 13, 2021, we should expect an attempt to develop…

BTC/USD are trading at 32511 and continue to move as part of the fall and the downtrend channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $628,387,316,839. Moving averages indicate a short-term sideways trend in Bitcoin. Prices broke through 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, July 13, 2021, we should expect an attempt to develop…

Ethereum are trading at 2106 and continue to move as part of the fall and the beginning of the development of the “Wedge” reversal pattern. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $245,811,717,991. Moving averages indicate a short-term bullish trend for Ethereum. Prices went down from the area between the signal lines, which indicates pressure from sellers and a potential continuation of the rise 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…

XRP/USD are trading at 0.6255 and continue to move within the correction and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $29,328,622,480. Moving averages indicate a short-term bearish trend for Ripple. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the asset and the potential continuation of the XRP rate drop in the market from the current levels. At the moment, we should expect an attempt to develop an asset correction and test the resistance level near the 0.6555 area. Further,…

LTC/USD are traded at 136.43 and continue to move within the correction and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 9,093,656,540. Moving averages indicate a short-term bearish trend for Litecoin. 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 rise in the value of a digital asset and a test of the resistance level near the 140.05…

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1867 area. The pair continues to move as part of the correction and the formation of a large ”Triangle” pattern. Moving averages indicate a bullish trend for the pair. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the European currency and the likely continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance area near the level of 1.1975. Where is the rebound…

BRENT finish the trading week near the area of ​​$ 75.35 per barrel. And it continues to move within the framework of the growth and the ascending 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 69.05. Then, a rebound and continued growth of oil to the area above the level of $ 90.45…

Currency pair Pound Dollar GBP/USD ends the trading week near the 1.3846 area. The pair continues to move within the fall and the formation of the ”Triangle” pattern. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the British Pound against the US Dollar at current levels. At this point, we should expect an attempt to grow and test the resistance area near the level of 1.4015. Further, the rebound and the beginning of the fall in the Pound/Dollar quotes to…

Currency pair US Dollar to Russian Ruble USD/RUB ends the trading week near the level of 74.33 Rubles per US Dollar. The pair continues to move within the fall and left the ”Triangle” pattern. Moving averages indicate a bullish trend. Prices have broken down the area between the signal lines, which indicates pressure from the US dollar sellers. In the current trading week, July July 12 — 16, 2021 we should expect an attempt to develop a correction and test the resistance area near the level of 75.45. Where can we expect a rebound and the continuation of the fall…

Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.7479 area. The pair continues to move within the fall and the downtrend channel. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines again, which indicates pressure from buyers of the asset and a potential continuation of the growth in the value of the currency pair. At the moment, we should expect an attempt to continue the development of a bullish correction and a test of the resistance area near the level of 0.7665. Then, the rebound and the continuation…