Author: forex24pro

Newcomers can’t cope up with the situation easily. For this reason, they face several problems and lose money. As a beginner, if you think that you can make money by sitting in front of the laptop and clicking on the keyboard, then, you are making big mistakes. Because trading is not so easy thing to do. You need to build the necessary skills and gather the important information to become successful in trading. Otherwise, you will fail to cope up with the situation. Without facing any problem, you can’t reach your goal. But, you need to learn how to solve…

Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and development of the bullish “Wolfe Wave” model. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, 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 1.1883. As part of the Forex forecast for April 8, 2021, we should expect an attempt to develop a downward correction and a…

Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3776. Moving averages indicate a short-term sideways trend. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt at a bullish correction of the British Pound against the US Dollar and a test of the…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the bullish correction and the beginning of the development of the “Head and Shoulders” reversal pattern. Moving averages indicate a short-term bearish trend. Prices are again repelled from 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 forecast, the rate of the Australian Dollar to the US Dollar is 0.7630. At the moment,…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the framework of a slight correction and an upward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 109.71. 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 US Dollar buyers and a potential continuation of the rise in prices from the current levels. As part of the forecast for the Japanese Yen rate for April 8, 2021,…

Brent continue to move within the correction and left the descending channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 62.50 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices continue to push away from the area between the signal lines, 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 downward correction and a test of the support level near…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the correction and the downward channel, here an inverted “Head and Shoulders” reversal pattern is formed. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2622. 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 decline in the price pair in the near future. At the moment, we should expect an attempt to develop a correction…

GOLD continue to move as part of the fall and the formation of a “Double Bottom” reversal pattern. At the time of the publication of the forecast, the price of GOLD is 1740 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices are again pushing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a correction and test the support level near the 1720 area. Where can we expect a…

Silver continue to move as part of the correction and the formation of the bullish ”Wolfe Wave” pattern. At the time of the publication of the forecast, Silver prices are at $ 25.16. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall in value from the current levels. At the moment, we should expect an attempt to develop a bearish correction in the value of the metal and a test of the support level near the 23.95…

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 a short-term sideways trend in the pair. Prices are again testing the area between the signal lines from below, which indicates pressure from the sellers of the currency pair and a potential continuation of the fall in the value of the instrument 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 0.7029. At the moment, we…