Author: forex24pro

Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the “Descending Triangle” pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3790. Moving averages indicate a short-term bearish trend. Prices broke the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the growth 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…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of a bearish “Wolfe Wave” pattern. Moving averages indicate a short-term sideways trend. 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 growth of the instrument’s value from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7691. At the moment, we should expect an attempt to develop a correction and…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of a downward correction and an upward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 108.94. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the US Dollar buyers and a potential continuation of the rise in prices from the current levels. As part of the forecast for the Japanese Yen rate for April 15, 2021,…

Brent continue to move as part of the growth and the beginning of the development of the “Triangle” model. At the time of the publication of the forecast, the price of Brent crude oil is $ 64.81 per barrel. Moving averages indicate a short-term sideways trend in oil. Prices have broken through the areas between the signal lines upward, which indicates pressure from buyers of “Black Gold” and a potential continuation of the growth of the asset value already from the current levels. At the moment, we should expect an attempt to develop a downward correction and a test of…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the bullish Wolfe Wave pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2538. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the growth of the price pair in the near future. At the moment, we should expect an attempt to develop a correction and a test of the support…

GOLD continue to move as part of the correction and the formation of a “Double Bottom” reversal pattern. At the time of the publication of the forecast, the price of GOLD is 1746 Dollars per Troy Oz. As you can see, the bull failed to break through the resistance area. Moving averages indicate a short-term bearish 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…

Silver continue to move as part of the correction and the beginning of the development of the bullish ”Wolfe Wave” pattern. At the time of the publication of the forecast, Silver prices are at $ 25.46. Moving averages indicate a bearish trend. 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 fall in value from the 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…

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 downward ”Wolfe Wave” pattern. Moving averages indicate a short-term bearish trend for the pair. 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 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 0.7113.…

Currency pair Dollar Franc USD/CHF continues to move within the fall and sellers were able to cancel the formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9186. 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 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…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall and the formation 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 77.08. Moving averages indicate a short-term bullish 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 15, 2021,…