Author: forex24pro

Currency pair Euro/Dollar EUR/USD continues to move as part of the correction and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices went down from 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 1.1881. As part of the Forex forecast for March 23, 2021, we should expect an attempt to develop growth and test the resistance level, which is located…

Currency pair Pound/Dollar GBP/USD continues to move as part of the correction and the formation of the ”Triangle” model. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3850. Moving averages indicate a short-term bearish trend. Prices are testing the area between the signal lines, 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…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and the formation of a large reversal pattern ”Head and Shoulders”. Moving averages indicate a short-term bullish trend. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the rise 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 0.7715. At the moment, we should expect an attempt…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the growth and the ascending channel. At the time of the publication of the forecast, the rate of the US Dollar to the Japanese Yen is 108.75. Moving averages indicate a short-term bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from the 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 March 23, 2021, we…

Brent continue to move within the correction and the beginning of the downward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 63.96 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices have broken down the area between the signal lines, which indicates pressure from buyers of “Black Gold” and a potential continuation of the rise in the value of the asset already from the current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the correction and the downward channel. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2501. Moving averages indicate a short-term bearish trend for the pair. Prices went down from 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 and a test of the support level…

GOLD continue to move within the fall and the downtrend channel. At the time of the publication of the forecast, the price of GOLD is 1730 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices push off from 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 bullish correction and test the resistance level near the area of ​​1740. Where can we expect a rebound and the continuation of the fall…

Silver continue to move within the fall and the downtrend channel. At the time of the publication of the forecast, Silver prices are at $ 25.52. Moving averages indicate a bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the growth in value already from the current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of the metal and a test of the resistance level near the 26.05 area. Where can we expect a…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the fall and the bearish channel. Moving averages indicate a short-term bearish trend for the pair. Prices went down 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 Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.7150. At the moment, we should…

Currency pair Dollar Franc USD/CHF continues to move as part of the growth 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 0.9304. Moving averages indicate a short-term bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the asset’s price growth from the current levels. At the moment, we should expect an attempt to develop a slight correction in the US Dollar against the Swiss Franc and a…