Author: forex24pro

GOLD continue to move as part of the fall and the downward channel. At the time of the publication of the forecast, the price of Gold is 1707 Dollars per Troy Ounce. 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 asset and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 1740 area. Where should we expect…

Silver continue to move as part of the fall and the bearish channel. At the time of the publication of the forecast, the price of Silver is 18.80. Moving averages indicate a bearish trend. Prices have gone down from 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 develop a correction in the value of the metal and a test of the resistance level near the area of ​​19.25. Where should we expect…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD Forecast New Zealand Dollar July 21, 2022 continue to move as part of the development of a bullish correction and a downward channel. 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 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 to…

Currency pair Dollar Franc USD/CHF continues to move within the correction and the bullish channel. The potential for the formation of a bullish “Wolfe Wave” pattern remains. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9695. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have gone down from 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…

Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the formation of the “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 52.14. 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 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 23486 and continue to move as part of the development of growth and a bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $447,235,921,030. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines up, 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, July 21, 2022, we should expect an attempt to…

Ethereum are trading at 1541 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 $186,786,226,321. 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 an increase in the value of the coin and a test of the resistance level…

XRP/USD are trading at 0.3688 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 $17,922,232,287. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices have broken through the area between the signal lines up, which indicates pressure from sellers 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…

LTC/USD are trading at 57.94 and continue to move as part of the correction and the formation of the “Triangle” model. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $4,067,384,505. Moving averages indicate a short-term bearish 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 rise in the value of the digital asset and a test of the…

DOGE/USD are trading at the level of 0.0765 and continue to move as part of the growth and the beginning of the development of the reversal pattern ”Head and Shoulders”. 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 decrease in the value of the digital asset and a test of the support level near the 0.0705 area. Where can…