Author: forex24pro

The ETH/USD quotes are trading at the level of 1,725 and continue to move within a downtrend and a descending channel. The market capitalization of the Ethereum cryptocurrency at the time of this forecast publication is $206,021,391,845. The moving averages indicate the presence of a short-term bearish trend for Ether. Prices have broken through the area between the signal lines to the downside, indicating selling pressure and the potential continuation of the asset’s decline from current levels. Currently, we should expect an attempt to develop an upward movement in the price of the coin and test the resistance level near…

The BTC/USD quotes are trading at the level of 26,508 and continue to move within a downtrend and a bearish channel. The market capitalization of Bitcoin at the time of this forecast publication is $513,374,184,522. The moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices are once again testing the area between the signal lines to the downside, indicating selling pressure on the “Digital Gold” and the potential continuation of the asset’s decline from current levels. As part of the cryptocurrency forecast for tomorrow, June 21, 2023, we should expect an attempt to develop a bullish…

The currency pair US Dollar against the Russian Ruble (USD/RUB) continues to move within an uptrend and a bullish channel. At the time of this forecast publication, the exchange rate of the US Dollar to the Russian Ruble stands at 83.91. The moving averages indicate the presence of a short-term bullish trend. Prices have broken above the area between the signal lines, indicating buying pressure on the US currency and the potential continuation of the US Dollar’s rise against the Russian Ruble. As part of the forecast for the USD exchange rate on June 21, 2023, we should expect an…

The currency pair US Dollar against the Swiss Franc (USD/CHF) continues to move within a correction after a sharp decline and a bullish channel. At the time of this Forex forecast publication, the exchange rate of the US Dollar to the Swiss Franc stands at 0.8963. 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 selling pressure and the potential continuation of the price decline from current levels. Currently, we should expect an attempt to develop a correction in the exchange rate of…

The quotes of the currency pair New Zealand Dollar against the US Dollar (NZD/USD) continue to move within a bullish correction and a bearish channel. The moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken above the area between the signal lines, indicating buying pressure from currency pair buyers and the potential continuation of the price rise from current levels. At the time of this Forex forecast publication, the exchange rate of the New Zealand Dollar to the US Dollar stands at 0.6202. Currently, we should expect an attempt to develop a slight…

The XAG/USD quotes continue to move within a correction and a bearish channel. At the time of this forecast, the price of Silver stands at 23.96. The moving averages indicate the presence of a bearish trend. Prices have broken above the area between the signal lines, indicating buying pressure from asset buyers and the potential continuation of the price rise from current levels. Currently, we should expect an attempt to develop a correction in the metal price and test the support level near the 23.70 area. From there, a rebound upwards and a continuation of the Silver price rise with…

The XAU/USD quotes continue to move within a downtrend, forming a reversal pattern known as a “wedge.” At the time of this forecast, the price of Gold stands at $1951 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 selling pressure from asset sellers and the potential continuation of the price decline from current levels. Currently, we should expect an attempt to further decrease and test the support level near the 1935 area. From there, a rebound upwards and a continuation of the Gold…

The currency pair USD/CAD continues to move within a bearish channel, indicating a downward trend. At the time of this forecast, the exchange rate of the US Dollar against the Canadian Dollar stands at 1.3186. 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 selling pressure and the potential continuation of the pair’s price decline in the near future. Currently, we should consider an attempt to develop a minor bullish correction in price and test the resistance level near the 1.3205 area. Then, a…

Quotes of Brent crude oil continue to move within the framework of a bullish correction and the formation of a “Triangle” pattern. At the time of this forecast, the price of Brent crude oil stands at $76.67 per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices have broken above the area between the signal lines, indicating buying pressure on black gold and the potential continuation of the asset’s price growth from current levels. Currently, we can expect an attempt to develop a decline and test the support level near the area of $74.55 per…

The quotes of the currency pair US Dollar Japanese Yen (USD/JPY) continue to move within the framework of an upward trend and a bullish channel. At the time of this forecast, the exchange rate of the US Dollar to the Japanese Yen stands at 141.69. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken above the area between the signal lines, indicating buying pressure on the US Dollar and the potential continuation of price growth from current levels. As part of the forecast for the Japanese Yen exchange rate on June 21, 2023,…