XAU/USD quotes continue to move within the development of the correction and the bullish channel. At the time of publication of the forecast, the price of Gold for today is 3375 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term upward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a bearish correction of gold and a test of the support level near the 3320 area. From where we…
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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.
XAG/USD quotes continue to move within the framework of the development of a bearish correction and a bullish channel. At the time of publication of the forecast, the Silver price is 32.77. Moving averages indicate a downward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continued growth in price from current levels. At the moment, we should expect an attempt to develop a bearish correction in the price of the metal and a test of the support level near the 32.45 area. Where should we expect a price rebound…
The NZD/USD currency pair continue to move within the development of the correction and the ascending channel. The moving averages indicate the presence of a short-term bullish trend for the pair. Prices broke through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the growth of the instrument from the current levels. At the time of publication of the Forex forecast, the New Zealand Dollar to the US Dollar exchange rate is 0.5985. At the moment, we should expect an attempt to develop growth and a test of…
The USD/CHF currency pair continues to move within the framework of the correction development and the formation of the “Head and Shoulders” reversal pattern. At the time of the Forex forecast publication, the US Dollar to Swiss Franc exchange rate is 0.8244. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the asset’s fall from the current levels. At the moment, we should expect an attempt to develop the growth of the US Dollar against…
BTC/USD quotes are trading at 96970 and continue to move within the growth and bullish channel. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of “Digital Gold” and a potential continuation of the development of the bullish impulse of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, May 8, 2025, we should expect an attempt to develop a bearish correction in the value of the digital asset and a test of the…
ETH/USD quotes are trading at 1841 and continue to move within the framework of the development of growth and a bullish channel. Moving averages indicate a short-term bullish trend for Ethereum. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continued growth in the asset’s value from current levels. At the moment, we should expect an attempt to develop a decline in the coin and a test of the support level near the 1775 area. From where we should again expect an upward price rebound and continued growth in the Ethereum…
The EUR/USD currency pair continues to move within the framework of the correction development and the beginning of the implementation of the “Head and Shoulders” reversal model. The moving averages indicate the presence of a short-term upward trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the European currency and a potential continuation of the fall in the quotes of the currency pair from the current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.1325. Within the framework…
The GBP/USD currency pair continues to move within the framework of the development of the correction and the ascending channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.3314. Moving averages indicate the presence of a short-term bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and potential continuation of the instrument’s growth. At the moment, we should expect an attempt to develop the rise of the British Pound against the US Dollar and a test of…
The AUD/USD currency pair continues to move within the growth and formation of the bearish “Wolfe Wave” pattern. The moving averages indicate the presence of a short-term upward trend. Prices have broken through the area between the signal lines upwards, 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 publication of the forecast, the Australian Dollar to the US Dollar exchange rate is 0.6448. At the moment, we should expect an attempt to develop growth and a test of the resistance…
The USD/JPY currency pair continue to move within the framework of the decline and have left the bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 143.11. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast of the Japanese Yen exchange rate for May 7, 2025, we should…