Author: forex24pro

Currency pair US Dollar/Russian Ruble USD/RUB continues to move within the correction and the bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 68.59. 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 February 8, 2023, we should expect an attempt…

BTC/USD are trading at 22820 and continue to move within the correction and the bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $439,761,560,366. 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, February 8, 2023, we should expect an attempt to develop a correction…

Ethereum are trading at 1668 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 $198,962,686,207. 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 correction in the value of the coin and a test of…

XRP/USD are trading at 0.4096 and continue to move as part of the growth and the bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $20,195,012,659. Moving averages indicate the presence of a short-term bullish trend for Ripple. Prices have gone up from the area between the signal lines, 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 correction of the asset and…

LTC/USD are trading at 95.84 and continue to move within the correction and the bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $6,962,085,691. 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 support level near the area…

The week since the rate hike from the central banks has ended and if there were risks of the US dollar falling, now they have faded into the background and the market is likely to go further as part of the technical analysis. The ECB raised the rate by 50 basis points, apparently this influenced such a powerful pullback of the euro, which we have seen recently. However, inflation in the euro area is declining rapidly, the market may regard such a signal as the end of the cycle of rate hikes from the ECB, even despite the promises of…

BRENT complete the trading week near the area of 81.81 dollars per barrel. The asset continues to move within the framework of the correction and the formation of the “Wedge” reversal pattern. 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 77.05. Then, it is worth considering a rebound upwards and the…

Currency pair Pound Dollar GBP/USD completes the trading week as part of the development of a bullish correction near the area of 1.2254. The pair continues to move as part of the formation of the bearish “Wolfe Wave” pattern, the target of the pattern is the level of 1.1755. 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…

Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 68.26 Rubles per US Dollar. The pair continues to move within the correction and the bullish channel. Moving averages indicate a bearish 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 February 6 — 10, 2023, we should expect an attempt to develop a decline and test the support area near the level of 64.45.…

Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.7055. The pair continues to move as part of the development of the fall and the downward channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the asset and a potential continued growth 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 0.7175. Then, a rebound and continued fall…