Author: forex24pro

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 79.56. Moving averages indicate the presence of a short-term bullish trend. Prices have gone up from 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 USD exchange rate forecast for April 12, 2023, we should expect an…

BTC/USD are trading at 28233 and continue to move as part of the correction and the formation of the ”Expanding Triangle” reversal pattern. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $547,906,780,374. Moving averages indicate a short-term bullish trend for Bitcoin. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of ”Digital Gold” and a potential continuation of the growth in the value of the asset already from current levels. As part of the forecast for the cryptocurrency rate for tomorrow, April 12, 2023, we…

Ethereum are trading at 1849 and continue to move as part of the correction and the completion of the formation of the “Expanding Triangle” pattern. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $223,654,151,195. Moving averages indicate the presence of a short-term bullish trend for Ethereum. Prices have broken through the area between the signal lines upwards, 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 decrease in the value…

XRP/USD are trading at 0.4981 and continue to move within the correction and the bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $26,032,309,831. Moving averages indicate the presence of a short-term bullish trend for Ripple. 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 the XRP rate on the market already from current levels. At the moment, we should expect an attempt to develop a decrease in the asset and a test…

LTC/USD are trading at 90.22 and continue to move as part of the development of the correction and the formation of a large reversal pattern “Head and Shoulders” on large time frames. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $6,724,692,582. Moving averages indicate the presence of a short-term bullish trend for Litecoin. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the asset and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop…

The currency pair EUR/USD completes the trading week near the area of 1.0899 and continues to move as part of the correction and the formation of the “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 1.0965. Where is the expected rebound down…

BRENT complete the trading week near the area of 84.82 dollars per barrel. The asset continues to move within the framework of strong growth and the beginning of the development of the “Wedge” reversal pattern. Moving averages indicate a bearish trend. Prices are again testing 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 78.65. Then, it is worth considering a rebound…

Currency pair Pound Dollar GBP/USD completes the trading week as part of the development of a correction and a downward channel near the area of 1.2406. Moving averages indicate a bearish 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 of…

Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 79.45 Rubles per US Dollar. The pair continues to move within the growth and 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 April 10 — 14, 2023, we should expect an attempt to develop continued growth and test the resistance area near the level of 82.65. Where…

Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6669. The pair continues to move as part of the development of the fall and the long-term downward channel. Moving averages indicate a 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 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 0.6865. Then, a rebound…