Author: forex24pro

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…

Currency pair Pound Dollar GBP/USD completes the trading week as part of the development of a bullish correction and a downward channel near the area of 1.2607. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, 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 1.2645. Further, a rebound down and the continuation of the fall…

Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 75.01 Rubles per US Dollar. The pair continues to move within a strong downward correction 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 US dollar and a likely continuation of the pair’s growth already from these levels. In the current trading week May 8 — 12, 2023, we should expect an attempt to develop a correction and test the support area near the level…

Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6727. The pair continues to move as part of the development of the correction and the long-term downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall in the value of the currency pair. At the moment, we should expect an attempt to develop a bullish correction and test the resistance area near the level of 0.6835. Then, a rebound…