The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the fall and the downward channel. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines, 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 forecast, the Australian Dollar exchange rate against the US Dollar is 0.6484. At the moment, we should expect an attempt to develop the growth of the…
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 quotes of the USD/JPY currency pair continue to move as part of the growth and the bullish channel. At the time of publication of the forecast, the US dollar to the Japanese Yen is 145.37. 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 of the US Dollar and a potential continuation of price growth already from current levels. As part of the Japanese Yen exchange rate forecast for August 16, 2023, we should expect an attempt to develop…
The quotes for Brent crude oil continue to move as part of growth and a bullish channel. At the time of the publication of the forecast, the price of Brent crude oil is $84.44 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 up, which indicates pressure from buyers of Black Gold and a potential continuation of the growth in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a correction and a test of…
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 exchange rate of the US Dollar to the Canadian Dollar is 1.3474. 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 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 1907 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 1920 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 22.59. 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 22.80 area. Where should we expect a…
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 exchange rate of the New Zealand Dollar to the US Dollar is 0.5975. At the moment, we should expect an attempt…
The USD/CHF currency pair continues to move as part of strong 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 0.8767. 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…
The USD/RUB currency pair continues to move within the correction and the bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 98.16. Moving averages indicate the presence of a short-term bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from sellers of the US currency and a potential continuation of the fall of the US Dollar against the Russian Ruble. As part of the USD exchange rate forecast for August 16, 2023, we should expect an attempt to develop…
The BTC/USD quotes are trading at 29334 and continue to move as part of a sideways correction and a bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $569,969,548,962. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of Digital Gold and a potential continued growth in the value of the asset already from current levels. As part of the cryptocurrency rate forecast for tomorrow, August 16, 2023, we should expect an attempt to develop…