Author: forex24pro

Brent continue to move within the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 50.85 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are bouncing off 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 from the current levels. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the area of ​​$ 50.05…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and the formation of the “Triangle” model. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2857. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers 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 decline and test the support level…

GOLD continue to move within the correction and ascending channel. A bullish Wedge pattern is also forming here. At the time of the publication of the forecast, the price of GOLD is 1873 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. However, prices have broken up the area between the signal lines, 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 1855 area. Where can we expect…

Silver continue to move within a downward correction and an upward channel. At the time of the forecast publication, Silver prices are at $ 25.58. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the rise in value from the current levels. At the moment, we should expect an attempt to develop a decrease in the value of the metal and a test of the support level near the 25.05 area. Where can we expect a rebound and continued growth…

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 “Head and Shoulders” reversal 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 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 0.7090.…

Currency pair Dollar Franc USD/CHF continues to move as part of the growth and managed to leave the descending channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.8882. 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 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 slight decrease in the US Dollar against…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction 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 75.04. 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 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 December 24, 2020, we should expect an attempt to…

BTC/USD are traded at the level of 23703 and continue to move within the correction and the ascending channel, here the “Triangle” pattern is formed. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $ 436,426,781,778. Moving averages indicate a short-term bullish trend for Bitcoin. Prices went up from the area between the lines, which indicates pressure from buyers of Digital Gold and a potential continuation of the growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, December 24, 2020, we should expect an…

Ethereum are traded at 612.03 and continue to move within the correction and the ascending channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $ 69,072,518,419. Moving averages indicate a short-term bullish trend for Ethereum. 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 current levels. At the moment, we should expect an attempt to correct the value of the coin and test the support level near the area of ​​585.05. Where can we…

LTC/USD are traded at 109.76 and continue to move within the correction and the ascending channel, here the “Triangle” pattern is being formed. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 6,960,216,374. Moving averages indicate a short-term bullish trend for Litecoin. Prices are testing the area between the signal lines again, 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 correction in the value of a digital asset and a test…