Author: forex24pro

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and the formation of the “Triangle” model. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.3363. 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 pair’s fall in the near future. At the moment, it is worth considering an attempt to develop a slight price correction and a test of…

GOLD 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 Gold is 1957 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bearish trend. 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 already from current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 1965 area. Where…

Silver continue to move as part of the fall and the bearish channel. At the time of the publication of the forecast, the price of Silver is 24.01. Moving averages indicate a bearish 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 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 resistance level near the area of 24.15. Where should we expect…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of a bullish correction and the formation of the “Wedge” reversal pattern. 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 of the currency pair and a potential continued growth 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 0.6118. At…

Currency pair Dollar Franc USD/CHF continues to move as part of 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 0.9088. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have gone up from the area between the signal lines, 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…

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 83.30. Moving averages indicate the presence of a short-term bearish 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 forecast for the Dollar on June 13, 2023, we should expect an…

BTC/USD are trading at 25789 and continue to move as part of a decline and a bearish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $501,514,596,293. Moving averages indicate a short-term bearish trend for Bitcoin. Prices broke down the area between the signal lines down, which indicates pressure from the sellers of “Digital Gold” and a potential continuation of the fall in the value of the asset already from current levels. As part of the cryptocurrency rate forecast for tomorrow, June 14, 2023, we should expect an attempt to develop a…

Ethereum are trading at 1730 and continue to move as part of the fall and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $208,543,043,042. 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 rise in the value of the coin and a…

The euro continues to trade around the $1.07 mark, remaining close to the two-month low of $1.0633 reached on May 31st. Investors are anticipating the upcoming European Central Bank (ECB) monetary policy meeting next week. The ECB is expected to make changes to the interest rate, but there are signs that higher interest rates are beginning to have a significant impact on the eurozone economy. The Eurozone economy has been officially confirmed to be in a moderate recession. Revised GDP data showed that in the first quarter, eurozone GDP contracted by 0.1%, instead of the previously forecast growth of 0.1%.…

On Friday, futures for Brent crude traded at about $76 per barrel and could continue to decline for the second week in a row. This is due to economic concerns and the prospect of an increase in global supplies, which outweighs the statement by Saudi Arabia to further reduce oil production in July. Investors remain worried about possible rate hikes by major central banks, which could hurt overall demand, as well as growing economic uncertainty in China, the world’s largest importer of crude oil. BRENT Weekly Forecast June 12 — 16, 2023 Brent oil prices also fell 4.4% on Thursday…