Author: forex24pro

Currency pair Dollar Franc USD/CHF continues to move within the correction and the downward channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9165. 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 fall 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…

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 74.41. 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 March 28, 2023, we should expect an attempt…

BTC/USD are trading at 27631 and continue to move as part of the growth and the formation of a reversal pattern. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $539,727,672,839. 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, March 28, 2023, we should expect an attempt…

Ethereum are trading at 1759 and continue to move as part of the correction and the formation of the “Expanding Triangle” pattern. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $216,074,836,467. 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…

XRP/USD are trading at 0.4609 and continue to move as part of a strong growth and a bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $23,948,485,159. 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 92.39 and continue to move as part of the development of a bullish correction and a downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $6,687,571,864. Moving averages indicate the presence of a short-term sideways trend for Litecoin. Prices have broken through the areas between the signal lines upwards, 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 currency pair EUR/USD completes the trading week near the area of 1.0735 and continues to move as part of the correction and the formation of the “Double Top” reversal pattern. Moving averages indicate the presence of a sideways 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 1.0905. Where is the…

BRENT complete the trading week near the area of 73.05 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 69.65. Then, it is…

Currency pair Pound Dollar GBP/USD completes the trading week as part of the development of a correction near the area of 1.2206. The pair continues to move as part of the completion of the formation of the Triple Top reversal pattern. 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…

Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 74.46 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 of March 27 — 31, 2023, we should expect an attempt to develop a decline and test the support area near the level of 68.95.…