Author: forex24pro

Silver continue to move as part of a strong growth and the completion of the formation of the “Head and Shoulders” reversal pattern at large time intervals. At the time of the publication of the forecast, the price of Silver is 23.96. 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 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…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and formation of the “Wedge” model. Sliding average indicate the presence of a short -term bearish trend in pair. Prices pierced the area between the signal lines up, which indicates the pressure from the buyers of the currency pair and the potential continuation of the increase in the cost of the tool from current levels. At the time of the publication of Forex forecasts, the New Zealand dollar to the US dollar is 0.6286. At the moment, it is worth…

Currency pair Dollar Franc USD/CHF continues to move in the framework of the correction and formation of a bullish “Wolf wave”. At the time of the publication of Forex forecast, the US dollar to the Swiss Frank is 0.9131. Sliding average indicate the presence of a short-term bearish trend in pair. Prices broke through the area between the signal lines down, which indicates the pressure from the sellers and the potential continuation of the drop in the value of the asset from current levels. At the moment, it is worth expecting an attempt to develop the correction of the US…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of growth and a bullish channel. At the time of publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 76.22. 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 dollar exchange rate forecast for April 5, 2023, we should expect an attempt…

BTC/USD are trading at 28071 and continue to move as part of the correction and the formation of a reversal pattern. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $542,089,787,852. 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 cryptocurrency rate forecast for tomorrow, April 5, 2023, we should expect an attempt…

Ethereum are trading at 1798 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 $216,878,150,734. 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 0.5038 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 $26,131,922,857. 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 91.99 and continue to move as part of the development of the correction and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $6,665,308,641. 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 a correction of the digital asset and a test of the…

The currency pair EUR/USD completes the trading week near the area of 1.0874 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 1.0945. Where is the expected rebound down…

BRENT complete the trading week near the area of 78.83 dollars per barrel. The asset continues to move within the framework of the correction and the beginning of the development of the formation of the reversal pattern “Wedge”. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, 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 65.65. Then, it is…