Author: forex24pro

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and were able to leave the upward channel. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices pierced the area between the signal lines down, which indicates pressure from the sellers of the currency pair. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.5962. At the moment, we should expect an attempt to grow and test the resistance level near the…

Currency pair Dollar Franc USD/CHF continues to move as part of the correction and formation of the «Triangle» model. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9686. Moving averages indicate the presence of a short-term lateral trend for the pair. Prices pierced the area between the signal lines up, which indicates pressure from buyers of the American currency and the potential continuation of the rise of the currency pair. At the moment, we should expect an attempt to depreciate the Dollar against the Franc and test…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the decline 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 74.61. Moving averages indicate a short-term bearish trend. Prices pierced the area between the signal lines, indicating pressure from sellers of American currency. As part of the forecast for the Dollar on April 16, 2020, we should expect an attempt to develop a bullish correction and test the resistance level near the area of ​​76.05 Rubles per US Dollar. Then, the…

BTC/USD are trading at 6716 and continue to move as part of the correction. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $123 486 732 186. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices pushed from the area between the lines, indicating pressure from the sellers of Digital Gold and a potential continuation of the fall in the near future. As part of the cryptocurrency rate forecast for tomorrow, April 16, 2020, one should expect an attempt to correct the value of the digital asset and test the resistance level…

ETH/USD are trading at 154.52 and continue to move as part of the correction and the upward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $17 318 723 439. Moving averages indicate the presence of a short-term bearish trend for Ethereum. Prices pushed from the area between the signal lines, indicating pressure from sellers. At the moment, we should expect an attempt to increase the value of the coin and test the resistance level near the area of ​​160.05. Where again we should expect a rebound and the continuation of the…

LTC/USD are trading at 39.71 and continue to move as part of the correction and the upward channel. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $2 617 470 850. Moving averages indicate the presence of a short-term bearish trend for Litecoin. Prices are testing the area between the signal lines, which indicates pressure from sellers and the potential continuation of the fall already from current levels. At the moment, we should expect an attempt to increase the value of the digital asset and test the resistance level near the area of ​​43.45. Where again…

XRP/USD are trading at 0.1801 and continue to move as part of the correction and the upward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $8 093 557 834. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices are testing the area between the signal lines, which indicates pressure from asset sellers and a potential drop already from current levels. At the moment, we should expect an attempt to grow a digital asset and test the resistance level near the area of ​​0.1855. Further, the continuation of…

BCH/USD are trading at 219.61 and continue to move as part of the correction and the downward channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $4 051 422 021. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. Prices pushed from the area between the signal lines, indicating pressure from buyers. As part of the cryptocurrency rate forecast for April 16, 2020, one should expect an attempt to develop an asset value correction and a test of the resistance level near the area of ​​245.05. Where again we should…

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 sellers of European currency. At the time of the publication of the forecast, the Euro/Dollar rate is 1.0966. As part of the Forex forecast, we should expect an attempt to develop a correction and a test of the support level near the area of ​​1.1045. Further, the rebound and continued growth of the Euro/Dollar currency pair. The potential…

Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and downward channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2609. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines up, which indicates pressure from buyers. At the moment, we should expect an attempt to continue the development of the growth of the British Pound and test the resistance area near the level of 1.2685. Where again we should expect a rebound and a continued fall in the quotes of…