Author: forex24pro

Currency pair Dollar Franc USD/CHF continues to move within the correction and the downward channel. The potential for the formation of a reversal pattern “Wedge” remains. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9767. 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 sellers and a potential continuation of the fall in the value of the asset already from current levels. At the moment, we should…

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 publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 54.66. 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 dollar exchange rate forecast for July…

BTC/USD are trading at 21780 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 $412,411,567,852. 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, July 20, 2022, we should expect an attempt to…

Ethereum are trading at 1466 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 $178,482,606,248. 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 0.3515 and continue to move as part of the fall and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $17,195,985,072. Moving averages indicate the presence of a short-term bearish trend for Ripple. 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 in the XRP rate on the market already from current levels. At the moment, we should expect an attempt to develop a correction of the asset and…

LTC/USD are trading at 56.50 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 $3,995,451,211. 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 0.0660 and continue to move within the growth and bullish channel. 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 0.0685 area. Where can we expect a rebound down again and a continuation of the fall of the…

SHIBA INU is trading at the time of publication of the forecast at 0.00001133, continuing to move within the growth and bullish channel. Moving averages indicate the presence of a short-term bullish trend for the coin. Prices have broken through the area between the 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 rise in the value of a digital asset and a test of the resistance area near the level of…

Currency pair Euro Dollar EUR/USD completes the trading week near the 1.0019 area and continues to move as part of a strong fall and a downward channel. Moving averages indicate a bearish trend. Prices broke down the area between the signal lines, which indicates pressure from sellers of the European currency and a likely continuation of the fall from current levels. At the moment, we should expect an attempt to develop a slight correction and test the resistance area near the level of 1.0185. Where is the expected rebound and continued fall of the Euro Dollar. The potential target of…

BRENT complete the trading week near the area of ​​99.29 dollars per barrel. And it continues to move within the framework of a strong correction and a bullish channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of raw materials and a potential continuation of the rise. At the moment, we should expect an attempt to develop a correction and test the support area near the level of 89.25. Then, it is worth considering a rebound upwards and continued growth of oil in the area above the…