Author: forex24pro

The quotes of XAG/USD continue to move within the correction and the downward channel. At the time of the publication of the forecast, the price of Silver is 22.59. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from the bears and a potential continuation of the growth in value already from current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of the metal and a test of the resistance level near the 22.80 area. Where should we expect a…

The quotes of the currency pair 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 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 Forex forecast, the exchange rate of the New Zealand Dollar to the US Dollar is 0.5975. At the moment, we should expect an attempt…

The USD/CHF currency pair continues to move as part of strong growth and a bullish channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.8767. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, 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 depreciation of the US Dollar…

The USD/RUB currency pair continues to move within the correction and the bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 98.16. 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 sellers of the US currency and a potential continuation of the fall of the US Dollar against the Russian Ruble. As part of the USD exchange rate forecast for August 16, 2023, we should expect an attempt to develop…

The BTC/USD quotes are trading at 29334 and continue to move as part of a sideways correction and a bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $569,969,548,962. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of Digital Gold and a potential continued growth in the value of the asset already from current levels. As part of the cryptocurrency rate forecast for tomorrow, August 16, 2023, we should expect an attempt to develop…

The ETH/USD quotes are trading at 1838 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 $220,806,571,525. Moving averages indicate the presence of a short-term bearish 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 value of the coin and a…

The Euro/Dollar currency pair EUR/USD completes the trading week with a correction near the area of 1.0961. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the European currency and a likely continuation of growth from current levels. At the moment, we should expect an attempt to develop the growth of quotes and test the resistance area near the level of 1.1045. Where is the expected rebound down and the continuation of the fall of the Euro Dollar. The potential target of the decline is the area…

Quotes of BRENT oil complete the trading week near the area of 86.24 dollars per barrel. The asset continues to move as part of the growth and completion of the Triangle model. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of raw materials and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a decline and test the support area near the level of 81.15. Then, it is worth considering a rebound upwards and the continuation…

The currency pair Pound/Dollar GBP/USD completes the trading week as part of the development of the fall and the formation of the bearish Wolfe Wave pattern. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the British Pound against the US Dollar already from current levels. At this point, we should expect an attempt to develop a rise and test the resistance area near the level of 1.2865. Further, a rebound down and the continuation of the fall of the…

Currency pair Dollar Ruble USD/RUB completes the trading week near the level of 99.13 Rubles per US Dollar. The pair continues to move as part of the price rise and the 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 US dollar and a likely continuation of the pair’s growth already from these levels. In the current trading week August 14 — 18, 2023, we should expect an attempt to develop a correction and test the support area near the level of 95.65.…