Author: forex24pro

The USD/RUB currency pair continues to move as part of growth and a bullish channel. At the time of publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 94.28. Moving averages indicate the presence of a short-term bearish 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 4, 2023, we should expect an attempt to develop…

The BTC/USD quotes are trading at 29086 and continue to move as part of the fall and left the bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $566,780,152,560. Moving averages indicate a short-term bullish trend for Bitcoin. Prices have broken through the area between the signal lines down, which indicates pressure from the sellers of “Digital Gold” 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 4, 2023, we should expect an…

The ETH/USD quotes are trading at 1834 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 $222,267,977,000. 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 bullish correction in the value of the coin and…

The Euro/Dollar currency pair EUR/USD ends the trading week with a fall near the area of 1.1013. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the European currency and a likely continuation of growth already from current levels. At the moment, we should expect an attempt to develop the growth of quotes and test the resistance area near the level of 1.1145. Where is the expected rebound down and the continuation of the fall of the Euro Dollar. The potential target of the decline is…

Quotes of BRENT oil complete the trading week near the area of 83.80 dollars per barrel. The asset continues to move within the framework of growth and the beginning of the development of the “Triangle” model. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of raw materials and a potential continuation of the decline already from current levels. At the moment, we should expect an attempt to develop a decline and test the support area near the level of 78.55. Then, it is worth considering a rebound…

The currency pair Pound/Dollar GBP/USD completes the trading week as part of the development of the correction and the formation of the bearish Wolfe Wave model. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers and a potential continuation of the growth of the British Pound against the US Dollar already from current levels. At this point, we should expect an attempt to develop a rise and test the resistance area near the level of 1.3105. Further, a rebound down and the continuation of the fall of…

Currency pair Dollar Ruble USD/RUB completes the trading week near the level of 90.49 Rubles per US Dollar. The pair continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the US dollar and a likely continuation of the pair’s growth already from these levels. In the current trading week July 31 — August 4, 2023, we should expect an attempt to develop a correction and test the support area near the level of 86.65. Where should we…

Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6664. The pair continues to move as part of the development of strong growth and the formation of the reversal pattern “Wedge”. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the asset and a potential continued growth in the value of the currency pair. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near the level of 0.6725. Then, a…

Currency pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3213. The pair continues to move as part of the development of the correction and the bullish channel. Moving averages indicate a bullish 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 in the near future. At the moment, we should expect an attempt to develop a fall and test the support level near the area of 1.3075. Then, a rebound upwards and continued growth…

Quotes of the currency pair Dollar to Yen USD/JPY complete the trading week with a strong correction near the area of 139.96. The pair continues to move within the growth and bullish channel. Moving averages indicate a bullish trend. 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 growth already from current levels. At the moment, we should expect an attempt to develop a price reduction and a test of the support level near the area of 136.45. Then, a rebound up and the…