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. 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 exchange rate of the New Zealand…

Currency pair Dollar Franc USD/CHF continues to move as part of a strong 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 0.9805. 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…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move within the correction and the downward channel. At the time of publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 56.92. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines down, 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 USD exchange rate forecast for October 5, 2022, we should expect an attempt to…

BTC/USD are trading at the level of 20063 and continue to move as part of the development of the correction and the downward channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $385,008,328,400. 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…

Ethereum are trading at 1349 and continue to move within the correction and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $165,439,422,892. 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 in the value of the coin and a test of…

XRP/USD are trading at 0.4794 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 $23,986,020,224. 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 of the asset…

LTC/USD are trading at 54.59 and continue to move as part of the growth and the formation of the “Triangle” model. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $3,900,483,494. 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…

DOGE/USD are trading at 0.0640 and continue to move as part of the growth and the formation of the “Triangle” model. Moving averages indicate a short-term bullish trend for Dogecoin. 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 bullish correction in the value of the digital asset and a test of the resistance level near the 0.0665 area. Where can we expect a rebound down again and a…

SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00001141, they continue to move within the correction and the downward channel. Moving averages indicate the presence of a short-term bearish trend for the coin. Prices have broken through the area with signal lines up, which indicates pressure from buyers of the coin and a potential continuation of growth already from current levels. As part of the SHIB/USD rate forecast, it is worth considering an attempt to develop a bullish correction in the value of a digital asset and a test of the…

Currency pair Euro/Dollar EUR/USD continues to move as part of the development of a strong bullish correction and a downward channel. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.1178. Moving averages indicate the presence of a short-term bearish trend. 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 of the instrument. At the moment, we should expect an attempt to develop a bullish price correction of the British Pound against…