Author: forex24pro

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the downward channel. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the fall 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 0.6193. At the moment, we…

Currency pair Dollar Franc USD/CHF continues to move as part of a downward correction and a bullish channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9339. Moving averages indicate the presence of a short-term bullish trend for the pair. 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 correction in 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 73.63. 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 7, 2023, we should expect an attempt…

BTC/USD are trading at 22381 and continue to move within the correction and left the bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $433,494,647,497. Moving averages indicate a short-term bullish trend for Bitcoin. Prices have broken through the area between the signal lines down, which indicates pressure from the sellers of Digital Gold and a potential continuation of the decline in the value of the asset already from current levels. As part of the forecast for the cryptocurrency rate for tomorrow, March 7, 2023, we should expect an attempt to…

Ethereum are trading at 1563 and continue to move as part of a correction and a bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $192,228,080,166. 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 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 value of the coin and a…

XRP/USD are trading at 0.3590 and continue to move as part of the fall and left the bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $18,620,868,617. Moving averages indicate the presence of a short-term bearish trend for Ripple. 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 XRP rate on the market already from current levels. At the moment, we should expect an attempt to develop the growth of the asset…

LTC/USD are trading at 87.29 and continue to move as part of the fall and the bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $6,366,393,626. Moving averages indicate the presence of a short-term bullish trend for Litecoin. Prices have broken through the areas 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 of the digital asset and a test of the resistance level…

The currency pair EUR/USD completes the trading week near the area of 1.0609 and continues to move within the correction and the downward channel. Moving averages indicate the presence of a sideways trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the European currency and a likely continuation of the fall 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 1.0745. Where is the expected rebound down and the continuation of…

BRENT complete the trading week near the area of 84.34 dollars per barrel. The asset continues to move within the framework of growth and the beginning of the development of the formation 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 78.35. Then, it is worth considering…

Currency pair Pound Dollar GBP/USD completes the trading week as part of the development of a correction near the area of 1.1970. The pair continues to move within the formation of the double top reversal pattern. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers and a potential continuation of the fall 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 1.2265. Further,…