Author: forex24pro

BTC/USD are trading at 26429 and continue to move as part of the fall and the bearish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $513,777,974,083. Moving averages indicate a short-term bearish trend for Bitcoin. Prices broke down 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 exchange rate forecast for tomorrow, June 9, 2023, we should expect an attempt to develop…

Ethereum are trading at 1843 and continue to move as part of the correction and the formation of the Head and Shoulders reversal pattern. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $222,202,493,917. Moving averages indicate the presence of a short-term bullish 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…

Currency pair Euro/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 publication of the forecast, the Euro against the US Dollar is 1.0713. As part of the Forex forecast for June 7, 2023, we should expect an attempt to develop a bullish price correction…

Currency pair Pound/Dollar GBP/USD continues to move as part of the development of the correction and the formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.2435. Moving averages indicate the presence of a short-term 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 of the instrument. At the moment, we should expect an attempt to develop a bullish correction of…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of a strong bullish correction and a downward channel. 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 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 0.6622. At the moment, we should expect an attempt to continue the development…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the bullish channel. At the time of the publication of the forecast, the US Dollar to the Japanese Yen is 139.65. 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 June 7, 2023, we should…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the formation of the “Triangle” model. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.3420. 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 slight price correction and a test…

GOLD continue to move within the bearish correction and the bullish channel. At the time of the publication of the forecast, the price of Gold is 1957 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 correction and test the support level near the 1930 area. Where should we expect a rebound upwards and…

Silver continue to move as part of the growth and completion of the formation of the “Wedge” reversal pattern. At the time of the publication of the forecast, the price of Silver is 23.52. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall in value already from current levels. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the support level near the area of…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of a bullish correction and a 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 growth 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 0.6077. At the…