Author: forex24pro

The quotes of the USD/JPY currency pair continue to move within an uptrend and a bullish channel. At the time of the forecast publication, the exchange rate of the US Dollar against the Japanese Yen is 141.41. The moving averages indicate the presence of a short-term bullish trend for the pair. Prices are once again testing the area between the signal lines, indicating pressure from US Dollar buyers and a potential continuation of price growth from current levels. As part of the forecast for the Japanese Yen exchange rate on June 22, 2023, we can expect an attempt to develop…

The quotes for Brent crude oil continue to move within a bullish correction and the formation of a “Triangle” pattern. At the time of the forecast publication, the price of Brent crude oil is $75.95 per barrel. The moving averages indicate the presence of a short-term bearish trend for oil. Prices are once again testing the area between the signal lines, indicating pressure from sellers of “Black Gold” and a potential continuation of the asset’s price decline from current levels. Currently, we can expect an attempt to develop a downward movement and test the support level near the $72.95 per…

The currency pair USD/CAD continues to move within the development of a bullish correction and a bearish channel. At the time of the forecast publication, the exchange rate of the US Dollar against the Canadian Dollar is 1.3227. The moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken below the area between the signal lines, indicating pressure from sellers and a potential continuation of the price decline in the near future. Currently, it is worth considering an attempt to develop a minor bullish price correction and test the resistance level near the 1.3255…

The quotes of XAU/USD continue to move within a downtrend and the formation of a reversal pattern called a “wedge.” At the time of the forecast publication, the price of Gold is $1936 per Troy ounce. The moving averages indicate the presence of a short-term bearish trend. Prices have broken below the area between the signal lines, indicating pressure from sellers of the asset and a potential continuation of the price decline from current levels. Currently, we can expect an attempt to further decrease the price and test the support level near the 1930 area. From there, we can anticipate…

The quotes of XAG/USD continue to move within a correction and a bearish channel. At the time of the forecast publication, the price of Silver is 23.14. The moving averages indicate the presence of a bearish trend. Prices have broken below the area between the signal lines, indicating pressure from sellers of the asset and a potential continuation of the price decline from current levels. Currently, we can expect an attempt to further decrease the price of the metal and test the support level near the 22.95 area. From there, we can expect a rebound upwards and a continuation of…

The quotes of the NZD/USD currency pair continue to move within a downtrend and a bearish channel. The moving averages indicate the presence of a short-term bearish trend for the pair. Prices are once again testing the area between the signal lines, indicating pressure from sellers of the currency pair and a potential continuation of the instrument’s decline from current levels. At the time of the Forex forecast publication, the exchange rate of the New Zealand Dollar to the US Dollar is 0.6166. Currently, we can expect an attempt to develop a slight increase and test the resistance level near…

The USD/CHF currency pair continues to move within a correction phase after a significant decline and a bullish channel. At the time of the Forex forecast publication, the exchange rate of the US Dollar to the Swiss Franc stands at 0.8978. The moving averages indicate the presence of a short-term bearish trend for the pair. Prices have moved downward from the area between the signal lines, indicating pressure from sellers and a potential continuation of the asset’s decline from current levels. Currently, we can expect an attempt to develop a bullish correction in the exchange rate of the US Dollar…

The USD/RUB currency pair continues to move within an upward trend and a bullish channel. At the time of the forecast publication, the exchange rate of the US Dollar to the Russian Ruble stands at 84.74. The moving averages indicate the presence of a short-term bullish trend. Prices have broken above the area between the signal lines, indicating pressure from buyers of the US currency and a potential continuation of the USD’s rise against the Russian Ruble.  In the forecast for the USD exchange rate on June 22, 2023, we can expect an attempt to develop a price correction and…

The BTC/USD quotes are trading around 27958 and continue to move within a strong uptrend, breaking out of the bearish channel. The market capitalization of Bitcoin cryptocurrency at the time of the forecast publication amounts to $543,903,156,665. The moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices have broken above the area between the signal lines, indicating pressure from buyers of the “Digital Gold” and a potential continuation of the asset’s price growth from current levels. In the context of the cryptocurrency’s forecast for tomorrow, June 22, 2023, we can expect an attempt to develop a…

The ETH/USD quotes are trading around 1780 and continue to move within a strong bullish correction and a descending channel. The market capitalization of Ethereum cryptocurrency at the time of forecast publication amounts to $214,358,907,804. The moving averages indicate the presence of a short-term bearish trend for Ether. Prices are once again testing the area between the signal lines, indicating pressure from sellers and a potential continuation of the asset’s price decline from current levels. Currently, we can expect an attempt to develop an upward movement in the coin’s value and a test of the resistance level near the 1805…