Author: forex24pro

BTC/USD are trading at 29467 and continue to move as part of the growth and the bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $571,836,346,377. 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 exchange rate forecast for tomorrow, April 19, 2023, we should expect an attempt to develop…

Ethereum are trading at 2079 and continue to move as part of the growth and the bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $248,941,364,398. 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 of the coin and a test of…

XRP/USD are trading at 0.5069 and continue to move as part of a sideways correction and a bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $26,436,653,919. 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…

LTC/USD are trading at 98.63 and continue to move as part of the development of growth and a bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $7,184,825,585. Moving averages indicate the presence of a short-term bullish trend for Litecoin. 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 from current levels. At the moment, we should expect an attempt to develop a correction of the digital asset and a test of the support…

The currency pair EUR/USD completes the trading week near the area of 1.1050 and continues to move as part of a strong bullish correction and the formation of a “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 1.1105. Where is the expected…

BRENT complete the trading week near the area of 86.40 dollars per barrel. The asset continues to move within the framework of growth and the beginning of the development of the reversal pattern “Wedge”. 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 77.45. Then, it is worth considering a rebound upwards…

Currency pair Pound Dollar GBP/USD completes the trading week as part of the development of a bullish correction and a downward channel near the area of 1.2492. 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 1.2625. Further, a rebound down and the continuation of the fall…

Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 79.39 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 17 — 21, 2023, we should expect an attempt to develop continued growth and test the resistance area near the level of 82.55. Where…

Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6771. The pair continues to move as part of the development of a bullish correction and a long-term downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the 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 0.6835. Then, a…

The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3326. The pair continues to move within a strong downward correction and a 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 currency pair and a potential continuation of growth 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 1.3285. Then, a rebound upwards and the continuation of the…