Author: forex24pro

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the formation of the “Triangle” model. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.3420. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines up, which indicates pressure from buyers and a potential continuation of the price pair growth in the near future. At the moment, it is worth considering an attempt to develop a slight price correction and a test…

GOLD continue to move within the bearish correction and the bullish channel. 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 correction and test the support level near the 1930 area. Where should we expect a rebound upwards and…

Silver continue to move as part of the growth and completion of the formation of the “Wedge” reversal pattern. At the time of the publication of the forecast, the price of Silver is 23.52. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall 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 support level near the area of…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of a bullish correction and a 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 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 0.6077. At the…

Currency pair Dollar Franc USD/CHF continues to move as part of the growth and the formation of the “Triangle” model. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9057. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are again testing 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…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the growth and the formation of the “Triangle” model. At the time of publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 80.79. Moving averages indicate the presence of a short-term bearish 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 USD exchange rate forecast for June 6, 2023, we should…

BTC/USD are trading at 25805 and continue to move as part of a strong fall and left the bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $499,001,196,549. 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 7, 2023, we should expect an attempt to…

Ethereum are trading at 1810 and continue to move as part of the fall and left the bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $217,282,582,173. 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 decline in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of the coin…

The currency pair EUR/USD completes the trading week near the area of 1.0770 and continues to move as part of the decline and the completion of the formation of a large double top reversal pattern. 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 a bullish correction of quotes and a test of the resistance area near the level of 1.0935. Where is the expected…

BRENT complete the trading week near the area of 75.24 dollars per barrel. The asset continues to move within the fall 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 bearish correction and test the support area near the level of 69.45. Then, it is worth considering a rebound upwards and the continuation of the growth of oil…