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 are testing the area between the signal lines again, 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 1.2143. As part of the Forex forecast for January 27, 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 strong growth and the formation of the “Wedge” reversal pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3713. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the rise in the instrument. At the moment, we should expect an attempt to grow the British Pound against the US Dollar and test the resistance area near…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of strong growth and the formation of the “Triangle” pattern. Moving averages indicate a short-term bearish trend. Prices have broken through the area between the signal lines upwards again, which indicates pressure from buyers of the currency pair and a potential continuation of the growth of the instrument’s value from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7732. At the moment, we should expect an attempt to develop a correction and…

Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue 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 US Dollar against the Japanese Yen is at 103.72. Moving averages indicate a short-term bullish trend for the pair. testing the area between the signal lines, which indicates pressure from buyers of the US Dollar and a potential continuation of price growth from current levels.As part of the forecast for the Japanese Yen on January 27, 2021, we should expect…

Brent continue to move as part of the growth and formation of the “Triangle” model. At the time of the publication of the forecast, the price of Brent crude oil is $ 56.01 per barrel. Moving averages indicate a short-term sideways trend for oil. Prices have broken the area between the signal lines up, 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 bearish correction and a test of the support level…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the forecast, the rate of the US Dollar to the Canadian Dollar is 1.2715. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines again, which indicates pressure from buyers and a potential continuation of the rise in the pair of prices in the near future. At the moment, we should expect an attempt to develop a decline…

GOLD continue to move as part of the correction and the formation of the “Head and Shoulders” pattern. At the time of the publication of the forecast, the price of GOLD is 1863 Dollars per Troy Oz. 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 asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1815 area. Where can we expect…

Silver continue to move as part of the rise and ascending channel. At the time of the forecast publication, Silver prices are at $ 25.40. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth in value from the current levels. At the moment, we should expect an attempt to develop a decrease in the value of the metal and a test of the support level near the 23.55 area. Where can we expect a rebound and continued growth…

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of strong growth and the formation of a downward pattern “5-0”. Moving averages indicate a short-term bullish trend for the pair. Prices went up from the area with signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the growth 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 0.7228. At the moment,…

Currency pair Dollar Franc USD/CHF 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 Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.8884. Moving averages indicate the presence of a short-term sideways trend in 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 current levels. At the moment, we should expect an attempt to develop a slight…