Author: forex24pro

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,…

The currency pair Australian Dollar US Dollar (AUD/USD) continues to move within the framework of a correction and the formation of a reversal pattern called the “Expanding Triangle.” 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 currency pair and the potential continuation of the instrument’s growth from current levels. At the time of this forecast, the exchange rate of the Australian Dollar to the US Dollar stands at 0.6846. Currently, we can expect an attempt to continue the bullish correction of the pair…

The currency pair British Pound Dollar (GBP/USD) continues to move within the framework of a correction and a bullish channel. At the time of this forecast, the exchange rate of the British Pound to the US Dollar in Forex stands at 1.2796. 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 currency pair and the potential continuation of the instrument’s growth. Currently, we can expect an attempt to develop a correction in the exchange rate of the British Pound against the US Dollar and…

The currency pair Euro Dollar (EUR/USD) continues to move within an uptrend and a bullish channel. 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 on the Euro and the potential continuation of the upward movement from current levels. At the time of this forecast, the Euro to US Dollar exchange rate stands at 1.0917. In the Forex forecast for June 21, 2023, we can expect an attempt to continue the upward price development and test the resistance level near the 1.0955 area.…