Author: forex24pro

Brent continue to move within the fall and ascending channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 64.69 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are bouncing up from the area between the signal lines, which indicates pressure from buyers of ”Black Gold” and a potential continuation of the growth of the asset value from the current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the area of ​​$ 67.75 per…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the formation of the “Head and Shoulders” reversal pattern, as well as the “Wolfe Wave” pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2464. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the areas between the signal lines downward, which indicates pressure from sellers and a potential continuation of the fall in the pair of prices in the near future. At the moment, we should…

GOLD continue to move as part of the growth and the beginning of the ”Double Bottom” pattern. At the time of the publication of the forecast, the price of GOLD is 1778 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upward, 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 correction and test the support level near the 1770 area. Where can we expect a rebound…

Silver continue to move as part of the growth and the formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, Silver prices are at $ 25.95. Moving averages indicate a bullish trend. Prices went up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth in value already from current levels. At the moment, we should expect an attempt to develop a bearish correction in the value of the metal and a test of the support level near the area of…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of an upward correction and a downward channel. Moving averages indicate a short-term bullish trend for the pair. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the rise 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 0.7208. 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 0.9135. Moving averages indicate a short-term bearish trend for the pair that will end soon. 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 already from current levels. At the moment, we should expect an attempt to develop a depreciation of the US Dollar against the Swiss Franc and…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall and the beginning of the ”Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 74.60. Moving averages indicate a short-term sideways 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 April 27, 2021,…

BTC/USD are traded at 52651 and continue to move as part of the correction and the start of the large Wedge pattern. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $988,481,078,568. Moving averages indicate a short-term bearish trend for 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 from the current levels. As part of the cryptocurrency rate forecast for tomorrow, April 23, 2021, we should expect an…

Ethereum are trading at the level of 2435.39 and continue to move as part of the growth 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 $284,870,171,538. Moving averages indicate a short-term bullish trend for Ethereum. Prices went up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the asset’s price growth 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 1.1638 and continue to move as part of the correction and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $53,697,636,683. Moving averages indicate a short-term downtrend in Ripple. Prices are again 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…