Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the development of the correction and the downward channel. The potential for the formation of a reversal pattern “Head and Shoulders” remains. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines up, 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 exchange rate…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
Currency pair Dollar Franc USD/CHF continues to move as part of the growth and the beginning of the development 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 0.9594. 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 as part of the correction and the formation of an inverted “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 56.42. 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 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…
BTC/USD are trading at 22884 and continue to move as part of the development of the correction and the bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $437,079,302,979. Moving averages indicate a short-term bullish trend for Bitcoin. Prices are again testing 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, August 5, 2022, we should expect an attempt to…
Ethereum are trading at 1622 and continue to move as part of a correction and a bullish channel. The potential for the formation of a reversal pattern ”Wedge” remains. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $197,231,715,204. Moving averages indicate 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 rise in the…
XRP/USD are trading at 0.3651 and continue to move within the correction and the bullish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $17,824,949,161. Moving averages indicate the presence of a short-term bullish trend for Ripple. 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 of the XRP rate on the market already from current levels. At the moment, we should expect an attempt to develop a rise in the asset and a test…
LTC/USD are trading at 58.47 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 $4,159,273,453. Moving averages indicate the presence of a short-term bullish trend for Litecoin. Prices are again testing 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 an increase in the value of the digital asset and a test of the resistance level near…
DOGE/USD are trading at 0.0667 and continue to move as part of the fall 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 down, 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 rise in the value of the digital asset and a test of the resistance level near the 0.0675 area. Where can we expect a rebound down again and a continuation…
SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00001183, 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 between the signal lines down, which indicates pressure from the sellers of the coin and a potential continuation of the fall 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…
Currency pair Euro/Dollar EUR/USD continues to move within the correction and the downward channel. The potential for the formation of a double top reversal pattern 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 European currency and a potential continuation of the fall in asset quotes already from current levels. At the time of the publication of the forecast, the EUR/USD exchange rate is 1.0196. As part of the Forex forecast for August 3, 2022, we should…