Author: forex24pro

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…

GOLD continue to move as part of the rise and the bullish channel. At the time of the publication of the forecast, the price of GOLD is 1825 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices have broken the area between the signal lines upwards, which indicates pressure from the buyers of the asset and a potential continuation of the rise from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1805 area. Where can we expect a rebound and a continued rise…

Silver continue to move as part of the correction and the formation of the “Triangle” pattern. At the time of the forecast release, Silver prices are at 26.24. Moving averages indicate a bearish 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 rise in value already from the current levels. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the support level near the 25.85 area. Where can we expect a…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the formation of the “Wedge” pattern. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from sellers of the currency pair and the 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 0.6994. At…

Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the formation of the “Wedge” model. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9167. Moving averages indicate a short-term bearish trend for the pair. 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 from the current levels. At the moment, we should expect an attempt to develop a depreciation of the US Dollar against…

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 73.98. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, 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 16, 2021, we should expect an attempt to develop a…