The quotes for Brent crude oil continue to move as part of a strong fall and a bullish channel. At the time of the publication of the forecast, the price of Brent oil is $85.04 per barrel. Moving averages indicate the presence of a short-term bullish trend in oil. Prices have broken through the area between the signal lines down, which indicates pressure from the sellers of Black Gold and a potential continuation of the fall in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a correction and a…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
The currency pair USD/CAD continues to move as part of the growth and the bullish channel. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.3491. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines up, which indicates pressure from buyers and a potential continuation of the price pair growth in the near future. At the moment, it is worth considering an attempt to develop a correction and a test of the support level near the area of 1.3445.…
The quotes of XAU/USD continue to move as part of the fall and the bearish channel. At the time of the publication of the forecast, the price of Gold is 1903 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the asset and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 1915 area. Where…
The quotes of XAG/USD continue to move within the correction and the downward channel. At the time of the publication of the forecast, the price of Silver is 22.65. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from the bears and a potential continuation of the growth in value already from current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of the metal and a test of the resistance level near the area of 22.75. Where should we expect…
The quotes of the currency pair NZD/USD continue to move as part of the fall and the downward channel. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the currency pair and a potential continuation of the fall in the value of the instrument already from current levels. At the time of publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.5965. At the moment, we should expect an attempt to…
The USD/CHF currency pair continues to move as part of growth and a bullish channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.8801. Moving averages indicate the presence of 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 value of the asset already from current levels. At the moment, we should expect an attempt to develop a depreciation of the US Dollar against…
The BTC/USD quotes are trading at 29121 and continue to move within the correction and the bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $566,798,020,596. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the dybp signal lines, which indicates pressure from Digital Gold buyers and a potential continuation of the fall in the value of the asset already from current levels. As part of the cryptocurrency rate forecast for tomorrow, August 17, 2023, we should expect an attempt to develop a correction…
The ETH/USD quotes are trading at 1821 and continue to move within the correction and the bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $218,971,305,166. Moving averages indicate the presence of a short-term bearish trend for Ethereum. Prices have broken through the area between the signal lines down, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a decrease in the value of the coin and a…
The currency pair Euro to US Dollar (EUR/USD) continues to move as part of the fall and the downward channel. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the European currency and a potential continuation of the fall in asset quotes already from current levels. At the time of the publication of the forecast, the EUR/USD exchange rate is 1.0906. As part of the Forex forecast for August 16, 2023, we should expect an attempt to develop a…
The currency pair British Pound to US Dollar (GBP/USD) continues to move as part of the development of the fall and the bearish channel. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.2737. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt to develop a bullish correction of the…