Author: forex24pro

Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and the bullish channel. Moving averages indicate a short-term bullish trend for the pair. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the European currency and a potential continuation of the fall in quotations from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.1840. As part of the Forex forecast for August 5, 2021, we should expect an attempt to develop a slight bullish correction and a test of the…

Currency pair Pound/Dollar GBP/USD continues to move as part of the decline and left the bullish channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3900. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the growth of the instrument. At the moment, we should expect an attempt to correct the British Pound against the US Dollar and test the resistance area near the level…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the downward channel. Moving averages indicate a short-term bearish trend. Prices are again testing the areas between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall in the value of the instrument already from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7379. At the moment, we should expect an attempt to develop a rise and test…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the rise. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 109.48. Moving averages indicate a short-term bearish trend for the pair. Prices broke the area between the signal lines downward, which indicates pressure from the sellers of the US Dollar and a potential continuation of the rise in prices from the current levels. As part of the forecast for the Japanese Yen rate for August 5, 2021, we should expect…

Brent continue to move as part of the correction and the formation of an inverted head and shoulders pattern. At the time of the publication of the forecast, the price of Brent crude oil is $ 70.40 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken the area between the signal lines down, which indicates pressure from sellers of “Black Gold” and a potential continuation of the fall in the value of the asset already from the current levels. At the moment, we should expect an attempt to develop a decline and a test of…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the rise and the formation of an inverted “Head and Shoulders” pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2540. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the pair of prices in the near future. At the moment, we should expect an attempt to develop a decline and…

GOLD continue to move as part of the correction and the formation of the “Triangle” pattern. At the time of the publication of the forecast, the price of GOLD is 1811 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1800 area. Where can we expect a rebound and continued growth…

Silver continue to move as part of the fall and the beginning of the “Wedge” pattern. At the time of the publication of the forecast, Silver prices are at 25.41. Moving averages indicate a bearish trend. Prices are retesting the area between the signal lines, which indicates pressure from the side sellers of the asset and a potential continuation of the fall in value already from the current levels.At the moment, we should expect an attempt to develop a decline in the value of the metal and a test of the support level near the 24.85 area. XAG/USD Forecast Silver…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the bearish channel. Moving averages indicate a short-term downtrend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall in the value of the instrument already from the current levels. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.7047. At the moment, we should expect…

Currency pair Dollar Franc USD/CHF continues to move as part of the fall and the downward channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9060. Moving averages indicate a short-term bullish 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 asset value from the current levels. At the moment, we should expect an attempt to develop a depreciation of the US Dollar against the Swiss Franc and…