Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the “Wedge” reversal pattern. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.2562. Moving averages indicate the presence of a short-term bearish trend. Prices are 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 slight correction in the price of the British Pound against…
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 Australian Dollar to US Dollar AUD/USD continues 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. Prices are again testing the areas 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 forecast, the Australian Dollar exchange rate against the US Dollar is 0.7083. At the moment, we should expect an attempt to develop the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the fall and the formation of the bullish “Wolfe Wave” model, which is coming to an end. At the time of the publication of the forecast, the US dollar against the Japanese Yen is 127.17. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines, which indicates pressure from sellers of the US Dollar and a potential continuation of the fall in prices already from current levels. As part of…
Brent continue to move as part of growth and a bullish channel. At the time of the publication of the forecast, the price of Brent crude oil is $113.74 per barrel. Moving averages indicate the presence of a short-term bullish trend in oil. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of Black Gold and a potential continuation of the growth in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a fall and test the support level near the area of…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the formation of an inverted “Head and Shoulders” reversal pattern. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.2784. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the price pair growth in the near future. At the moment, we should expect an attempt to develop a price reduction and a…
GOLD continue to move as part of the growth and the bullish channel. At the time of the publication of the forecast, the price of GOLD is 1850 USD per Troy Ounce. 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 asset and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a correction and test the support level near the 1840 area. Where should we expect a rebound upwards and…
Silver continue to move as part of the correction and the formation of the “Triangle” model. At the time of the publication of the forecast, the price of Silver is 21.99. Moving averages indicate a bullish trend. 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 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 support level near the area of 21.85. Where…
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. 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 the US Dollar is 0.6467. At the moment, we should…
Currency pair Dollar Franc USD/CHF continues to move within the correction after a strong fall 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 0.9594. 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 should expect an attempt to develop a correction…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the growth and left the limits of the downward channel. At the time of publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 60.93. 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 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 May 27, 2022, we…