Author: forex24pro

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the development of growth and a downward channel. 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 continuation of the growth 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 Dollar to the US Dollar is 0.6341. At…

Currency pair Dollar Franc USD/CHF continues to move as part of the fall and the downward 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 0.9495. 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 and a potential continuation of the fall in the value of the asset already from current levels. At the…

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 59.11. Moving averages indicate the presence of a short-term bullish 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…

BTC/USD are trading at 23375 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 $445,674,026,682. 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 exchange rate forecast for tomorrow, August 2, 2022, we should expect an attempt…

Ethereum are trading at 1679 and continue to move as part of the growth and the bullish channel. The potential for the formation of a double top reversal pattern remains. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $203,708,586,620. Moving averages indicate a short-term bullish trend for Ethereum. Prices have broken through the area between the signal lines, 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 0.3748 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 $18,308,857,018. 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 59.69 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 $4,236,615,605. 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 resistance level near the area…

DOGE/USD are trading at 0.0696 and continue to move as part of the correction 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 rise in the value of the digital asset and a test of the resistance level near the 0.0750 area. Where can we expect a rebound down again and a continued…

SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00001213, they continue to move within the correction and the 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 bullish correction in the value of a digital asset and a test of…

Currency pair Euro Dollar EUR/USD completes the trading week near the area of ​​1.0183 and continues to move as part of the fall and the 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 1.0285. Where is the expected rebound and continued fall of the Euro Dollar. The potential target of…