Author: forex24pro

Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the downward channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9673. Moving averages indicate a short-term bearish trend for the pair. At the moment, we should expect an attempt to continue the growth of the Dollar against the Franc and test the resistance area near the level of 0.9730. Then, a rebound and continued depreciation of the US Dollar against the Swiss Franc with a potential target below 0.9525. USD/CHF Forecast Dollar…

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 61.80. Moving averages indicate a short-term bearish trend. Prices continue to remain below the area between the signal lines, indicating pressure from sellers of American currency. As part of the USD/RUB forecast for tomorrow, January 22, 2020, we should expect an attempt to grow and test the resistance level near the area of ​​62.55 Rubles per US Dollar. Then, the rebound…

BTC/USD are trading at 8639 and continue to move as part of the growth and upward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $157 381 002 508. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. As part of the cryptocurrency rate forecast for tomorrow, January 22, 2020, we should expect an attempt to drop the value of the digital asset and test the support level near the area of ​​8025. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with…

ETH/USD are trading at 166.60 and continue to move as part of the growth. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $18 483 027 842. Moving averages indicate the presence of a short-term bullish trend for Ethereum. At the moment, we should expect an attempt to reduce the value of the coin and test the support level near the area of ​​150.65. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 205.05. Ethereum Forecast and ETH/USD Analysis January…

LTC/USD are trading at 56.97 and continue to move as part of the growth and upward channel. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $3 683 185 372. Moving averages indicate the presence of a short-term bullish trend in Litecoin. Prices are located far from the area between the signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to reduce the asset and test the support level near the area of ​​52.55. Where again we should expect a rebound and continued growth of the Litecoin rate with a…

XRP/USD are trading at 0.2348 and continue to move as part of the growth and bullish channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $10 342 613 023. Moving averages indicate the presence of a short-term bullish trend for Ripple. Prices push from the area between the signal lines up, which indicates pressure from buyers. At the moment, we should expect an attempt to reduce the digital asset and a test of the support level near the 0.2175 area. Further, the continued growth of cryptocurrency in the region above the level of 0.3025. Ripple…

BCH/USD are trading at 342.92 and continue to move as part of the correction after and the formation of the «Triangle» model. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $6 258 978 638. Moving averages indicate the presence of a short-term bullish trend in Bitcoin Cash. Prices are still far from the area between the signal lines, indicating strong pressure from the bulls. As part of the cryptocurrency rate forecast for January 22, 2020, one should expect an attempt to develop an asset value correction and a test of the support level near…

Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the formation of the «Head and Shoulders» reversal pattern. Moving averages indicate the presence of a short-term bullish trend for the pair. However, prices broke through the area between the signal lines, which indicates pressure from sellers. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1086. As part of the Forex forecast, we should expect an attempt to develop a correction and test the resistance level near the area of ​​1.1140. Further, the rebound and continued fall of the Euro/Dollar currency pair.…

Currency pair Pound/Dollar GBP/USD 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 pound to the US Dollar at FOREX is 1.2998. Moving averages indicate a short-term bearish trend. At the moment, we should expect an attempt to increase the British Pound and a test of the resistance area near the level of 1.3105. Where again we should expect a rebound and a continued fall in the quotes of the British Pound currency pair against the US Dollar. The purpose of…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the bearish channel. Moving averages indicate a short-term bearish trend. Prices continue to push from the area between the signal lines, indicating pressure from the sellers of the currency pair. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6866. At the moment, we should expect an attempt to continue growth and test the resistance area near the level of 0.6905. Further, the rebound and the beginning of the fall of quotations in the area…