Author: forex24pro

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and the bullish channel. The potential for the formation of the “Wedge” model remains. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.3638. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines up, which indicates pressure from buyers and a potential continuation of the price pair growth in the near future. At the moment, we should expect an attempt to develop a…

GOLD continue to move as part of the development of growth and a downward channel. At the time of the publication of the forecast, the price of Gold is 1710 USD per Troy Ounce. Moving averages indicate the presence of a short-term bearish trend. 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 and test the support level near the area of ​​1695. Where should we expect a…

Silver continue to move as part of the development of strong growth and the beginning of the development of the “Triangle” model. At the time of the publication of the forecast, the price of Silver is 20.43. Moving averages indicate a bullish trend. 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 in value already from current levels. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the support level…

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. The potential for the formation of the “Wedge” model remains. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have gone down from 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 rate of the New Zealand Dollar…

Currency pair Dollar Franc USD/CHF continues to move within the correction and the bullish channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9832. Moving averages indicate the presence of a short-term bullish 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 the growth and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 59.05. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines up, 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 October 6, 2022, we should expect…

BTC/USD are trading at 20241 and continue to move as part of the development of growth and a downward channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $386,402,892,669. Moving averages indicate a short-term bearish trend for Bitcoin. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of ”Digital Gold” and a potential continuation of the fall in the value of the asset already from current levels. As part of the cryptocurrency rate forecast for tomorrow, October 6, 2022, we should expect an attempt to…

Ethereum are trading at 1353 and continue to move within the correction and the downward channel. The potential for the formation of the “Triangle” model remains. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $165,431,287,960. Moving averages indicate the presence of a short-term bearish trend for Ethereum. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the decline in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a bullish correction…

XRP/USD are trading at 0.4873 and continue to move as part of the correction and the formation of the “Triangle” model. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $24,736,927,867. 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 downward correction…

LTC/USD aare trading at 54.34 and continue to move within the correction and the downward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $3,880,372,384. Moving averages indicate a short-term bearish trend for Litecoin. 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 from current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of the digital asset and a test of the resistance level near the area…