Author: forex24pro

Bitcoin BTC/USD ends the trading week at 29995, continues to move as part of the development of strong growth and a 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 asset and a potential continuation of the growth of asset quotes. At the moment, we should expect an attempt to develop a correction in the price of the coin and a test of the support area near the level of 27505. From where we should again expect a rebound upwards and continued growth…

Ethereum ETH/USD ends the trading week at the 1878 level and continues to move as part of the growth and the bullish channel. Moving averages indicate the presence of a bullish trend for ETH/USD. Prices have broken through the area between the signal lines up, which indicates pressure from cryptocurrency buyers and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a price decrease and a test of the support level near the area of 1635. From where we should again expect a rebound upwards and continued growth in the…

Litecoin LTC/USD ends the trading week at 86.53 and continues to move as part of the growth and the formation of the “Triangle” model. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines up. This indicates pressure from buyers of the digital asset and the potential continued growth of the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a price correction and a test of the support area near the level of 76.05. Where can we expect a rebound again and an attempt to continue…

Quotes of Silver XAG/USD complete the trading week near the area of 22.25. Quotes continue to move within the growth and bullish channel. Moving averages indicate the presence of a bullish trend for the asset. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the metal and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop a slight decrease in the value of the asset and a test of the support level near the area of 21.95. Further, the continuation of…

The currency pair Euro to US Dollar (EUR/USD) continues to move within the framework of a bearish correction and a bullish channel. 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 buyers of the European currency and the potential continuation of the price increase from current levels. At the time of the forecast publication, the exchange rate of the Euro against the US Dollar is 1.0912. Within the Forex forecast for June 22, 2023, we can expect an attempt to continue…

The currency pair British Pound to US Dollar (GBP/USD) continues to move within the framework of a developing bearish correction and a bullish channel. At the time of the forecast publication, the exchange rate of the British Pound against the US Dollar in Forex is 1.2764. The moving averages indicate the presence of a short-term bullish trend. Prices are once again testing the area between the signal lines, indicating pressure from buyers of the currency pair and a potential continuation of the instrument’s price increase. Currently, we can expect an attempt to develop a correction in the exchange rate of…

The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move within a correction and the formation of a reversal pattern called an “Expanding Formation.” 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 currency pair and a potential continuation of the price increase from current levels. At the time of the forecast publication, the exchange rate of the Australian Dollar against the US Dollar is 0.6787. Currently, we can expect an attempt to continue the development of the bullish correction…

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…