Author: forex24pro

Silver continue to move as part of the growth and the bullish channel. At the time of the publication of the forecast, the price of Silver is 23.98. Moving averages indicate a bullish trend. Prices have gone down from 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 23.25. Where should we expect…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue 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, 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 Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6240. At the moment, we should…

Currency pair Dollar Franc USD/CHF continues to move within the correction and the bullish channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.8942. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a potential continued growth in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a correction in the US Dollar against the…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of growth and a bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 78.30. Moving averages indicate the presence of a short-term bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the US currency and a potential continuation of the growth of the US Dollar against the Russian Ruble. As part of the USD exchange rate forecast for May 18, 2023, we should expect an…

BTC/USD are trading at 27066 and continue to move within the correction and the downward channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $523,293,726,948. Moving averages indicate a short-term bullish trend for Bitcoin. Prices have broken down the area between the signal lines, which indicates pressure from the sellers of “Digital Gold” and a potential continuation of the rise in the value of the asset already from current levels. As part of the cryptocurrency rate forecast for tomorrow, May 18, 2023, we should expect an attempt to develop an increase in…

Ethereum are trading at the level of 1817 and continue to move within the correction and the bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $218,823,205,668. 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 an increase in the value of the coin and…

XRP/USD are trading at 0.4175 and continue to move as part of the fall and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $21,879,329,200. Moving averages indicate the presence of a short-term bearish trend for Ripple. 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 in the XRP rate on the market already from current levels. At the moment, we should expect an attempt to develop the growth of the asset and…

LTC/USD are trading at 89.22 and continue to move as part of the development of a strong bullish correction and a downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $6,561,215,050. Moving averages indicate a short-term bearish trend for Litecoin. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the asset and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a correction of the digital asset and a test of the resistance…

Currency pair Euro/Dollar EUR/USD continues to move within the falling and descending channel. Moving averages indicate the presence of a short-term bullish trend in the pair. Prices broke the area between the signal lines down, which indicates pressure from sellers of the European currency and a potential continuation of the drop in asset quotes from current levels. At the time of publication of the forecast, the exchange rate of the Euro to the US Dollar is 1.0876. As part of the Forex forecast for May 16, 2023, we should expect a demand for the development of a bullish price correction…

Currency pair Pound/Dollar GBP/USD continues to move within the framework of the development of the correction and has left the limits of the bullish channel. At the time of publication of the forecast, the Pound to US Dollar rate on Forex is 1.2504. Moving averages indicate the presence of a short-term bearish trend. Prices broke the area between the signal lines down, which indicates pressure from the sellers of the currency pair and a potential continuation of the instrument’s decline. At the moment, we should expect a demand for the development of a bullish correction of the exchange rate of…