Author: forex24pro

Silver continue to move as part of the correction and the formation of the “Triangle” model. At the time of the publication of the forecast, the price of Silver is 25.62. Moving averages indicate a bullish trend. Prices have gone up from the area between the signal lines, which indicates pressure from buyers 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 25.25 area. Where should…

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 bullish trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers 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 rate of the New Zealand Dollar to the US Dollar is 0.6329. At the moment,…

Currency pair Dollar Franc USD/CHF continues to move within the correction and the downward channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.8893. 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 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 correction in the US Dollar…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of a downward correction 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 76.10. Moving averages indicate the presence of a short-term bullish trend. Prices are again testing the area between the signal lines, 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 dollar exchange rate forecast for May 11, 2023, we should expect…

BTC/USD are trading at 27508 and continue to move as part of the correction and the formation of a large “Triangle” model. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $533,928,762,127. Moving averages indicate a short-term bullish trend for Bitcoin. Prices have broken through the area between the signal lines down, 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 forecast for the cryptocurrency rate for tomorrow, May 11, 2023, we…

Ethereum are trading at the level of 1835 and continue to move as part of the correction and the formation of the “Triangle” model. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $221,063,069,219. 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…

XRP/USD are trading at 0.4210 and continue to move as part of the fall and the bearish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $22,018,576,069. Moving averages indicate the presence of a short-term bullish 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 78.92 and continue to move as part of the development of the fall and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $5,770,637,863. Moving averages indicate a short-term bearish trend for Litecoin. 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 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 level near…

The currency pair EUR/USD completes the trading week near the area of 1.0981 and continues to move as part of the correction and the formation of a large double top reversal pattern. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the European currency and a likely continuation of growth already from current levels. At the moment, we should expect an attempt to develop a bullish correction of quotes and a test of the resistance area near the level of 1.1060. Where is the expected rebound…

BRENT complete the trading week near the area of 74.28 dollars per barrel. The asset continues to move as part of the fall and the formation of the reversal pattern “Wedge”. Moving averages indicate a bearish trend. Prices have gone down from the area between the signal lines, which indicates pressure from sellers of raw materials and a potential continuation of the decline already from current levels. At the moment, we should expect an attempt to develop a bearish correction and test the support area near the level of 65.05. Then, it is worth considering a rebound upwards and the…