Author: forex24pro

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the downward channel. At the time of publication of the forecast, the US Dollar to the Japanese Yen is 129.82. 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 the sellers of the US Dollar and a potential continuation of the fall in prices already from current levels. As part of the forecast for the Japanese Yen on January 27, 2023, we…

Brent continues to rise due to the fact that investors expect a reduction in global supplies. The reopening of the Chinese economy makes crude oil consumption positive this year, with severe cases of Covid falling by 70%. The level of oil reserves in the US turned out to be lower than expected, which also supports the quotes. The data showed an increase of only 0.533 million barrels against expectations of 1 million barrels. Last month, oil inventories hit their highest level since mid-2021. OPEC is likely to maintain the current level of oil production until the next meeting. Investors also…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the formation of the “Triangle” model. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.3389. 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 buyers and a potential continuation of the price pair growth in the near future. At the moment, it is worth considering an attempt to develop a price correction and a test of…

GOLD continue to move as part of the growth and the bullish channel. At the time of the publication of the forecast, the price of Gold is 1936 Dollars per Troy Ounce. 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 asset and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a correction and a test of the support level near the 1905 area. Where should we expect a rebound…

Silver continue to move within the correction and the bullish channel. At the time of the publication of the forecast, the price of Silver is 23.67. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers 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 continue the development of a downward correction in the value of the metal and a test of the support level near the area of 22.45. Where should we…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of growth and a bullish channel. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continued growth in the value of the instrument already from current levels. At the time of publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6480. At the moment, we should expect an…

Currency pair Dollar Franc USD/CHF continues to move as part of the growth and the completion of the formation of the bullish “Wolfe Wave” model. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9184. 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 and a potential continuation of the fall in the value of the asset already from current levels. At the moment, we should expect an…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move within the correction and the bullish channel. At the time of publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 66.96. Moving averages indicate the presence of a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the US currency and a potential continuation of the fall of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for January 27, 2023, we should expect an attempt to develop…

BTC/USD are trading at 22964 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 $442,762,627,864. 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, January 27, 2023, we should expect an attempt to develop a…

Ethereum are trading at 1605 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 $196,337,972,639. Moving averages indicate the presence of a short-term sideways trend for Ethereum. Prices have gone up from the area between the signal lines, 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 bullish correction in the value of the coin and a test…