Author: forex24pro

Bitcoin BTC/USD ends the trading week at 30257, continues to move as part of the development of growth 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 asset and a potential continuation of the growth of asset quotes. At the moment, we should expect an attempt to develop a correction in the price of the coin and a test of the support area near the level of 28205. From where we should again expect a rebound upwards and continued growth in…

Ethereum ETH/USD ends the trading week at the 1866 level and continues to move as part of the growth and the bullish channel. Moving averages indicate the presence of a bullish trend for ETH/USD. Prices have broken through the area between the signal lines up, which indicates pressure from cryptocurrency buyers and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a price reduction and a test of the support level near the 1835 area. From where we should again expect a rebound upwards and continued growth in the rate…

Litecoin LTC/USD ends the trading week at 96.83 and continues to move within the correction after a strong growth and the start of the Triangle pattern. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines up. This indicates pressure from buyers of the digital asset and the potential continued growth of the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a price correction and a test of the support area near the level of 90.55. Where can we expect a rebound again and an attempt…

Quotes of Silver XAG/USD complete the trading week near the area of 23.07. Quotes continue to move within the correction and the bullish channel. Moving averages indicate the presence of a bullish trend for the asset. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the metal and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop a slight decrease in the value of the asset and a test of the support level near the area of 22.05. Further, the continuation…

The euro slipped below $1.09 at the end of the second quarter as investors weighed in on conflicting euro zone inflation data and the European Central Bank’s pledge to keep raising interest rates. Headline inflation in the euro area fell to 5.5% in June from 6.1%, but core inflation rose to 5.4% from 5.3%. National inflation rates vary. In Germany, the consumer price index accelerated to 6.4% from a 14-month low in May. However, inflation slowed in Italy and France, and in Spain the rate fell to 1.9%, marking the first time that a country in the eurozone has reached…

Quotes of BRENT oil complete the trading week near the area of 74.75 dollars per barrel. The asset continues to move within the framework of the decline and the downward channel. 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 decline and test the support area near the level of 67.05. Then, it is worth considering a rebound upwards and the continuation…

The British pound slipped to $1.26 at the end of June, after hitting a 14-month high of $1.2848 on June 16, triggered by investor fears of a possible recession after the Bank of England’s aggressive tightening in recent months. The head of the Bank of England, Andrew Bailey, said that the recent hike in interest rates reflects the resilience of the economy and unexpectedly stable inflation, which supports maintaining a tough stance. In June, British policymakers raised rates by 50 basis points more than expected and expressed readiness for further tightening after data showed persistently high inflation in May. Investors…

Currency pair Dollar Ruble USD/RUB completes the trading week near the level of 88.22 Rubles per US Dollar. The pair continues to move within the growth and bullish channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, 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 July 3 — 7, 2023 we should expect an attempt to develop a correction and test the support area near the level of 85.65. Where should we expect a…

The Aussie slipped below $0.665 to hit its lowest level in three weeks as weaker-than-expected domestic inflation data fueled speculation that the Reserve Bank of Australia may pause its rate hike cycle. The information indicates that Australia’s monthly CPI slowed to 5.6% in May from 6.8% in April, the slowest increase in 13 months and below the forecast of 6.1%. Earlier in June, the Reserve Bank of Australia unexpectedly raised interest rates by 25 basis points, bringing the overall increase to 400 basis points and setting the cost of borrowing at an 11-year high of 4.1%. However, in the latest…

Currency pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3253. The pair continues to move as part of the development of the correction and the bullish channel. Moving averages indicate a bullish trend. 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 near future. At the moment, we should expect an attempt to develop a slight correction and a test of the support level near the area of 1.3115. Then, a rebound up…