Ethereum ETH/USD ends the trading week with a fall at 1822 and continues to move within the development of a bullish correction and a descending channel. Moving averages indicate a downward trend for ETH/USD. Prices have broken through the area between the signal lines downwards, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop price growth and a test of the resistance level near the 1975 area. From where we should again expect a downward rebound and a continuation of the fall…
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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.
Silver XAG/USD quotes end the trading week near the 32.45 area. Quotes continue to move within the framework of the correction development and the formation of the “Triangle” model. Moving averages indicate the presence of an upward trend for the asset. Prices have broken through the area between the signal lines upwards, which indicates pressure from metal buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a correction in the asset value and a test of the support level near the 30.35 area. Further, the continuation of the growth…
The EUR/USD currency pair continues to move within the framework of the development of the fall and the beginning of the implementation of the reversal model “Head and Shoulders”. Moving averages indicate the presence of a short-term upward trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continuation of the growth of 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 1.1305. Within the framework of…
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 1.3294. 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 an increase in the British Pound against the US Dollar exchange rate and a…
The AUD/USD currency pair continues to move within the correction and formation of the Head and Shoulders reversal 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 in the value of the instrument from the current levels. At the time of publication of the forecast, the Australian Dollar to the US Dollar exchange rate is 0.6397. At the moment, we should expect an attempt to develop an increase and test…
The USD/JPY currency pair continue to move within the framework of growth development and have left the descending channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 144.09. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from US Dollar buyers and a potential continuation of price growth from the current levels. As part of the forecast of the Japanese Yen exchange rate for May 2, 2025, we should expect an attempt to…
Brent crude oil quotes continue to move within the development of a fall and a descending channel. At the time of publication of the forecast, the price of Brent crude oil is 61.83 dollars per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices broke through the area between the signal lines downwards, which indicates pressure from sellers of “Black Gold” and a potential continuation of the fall in the value of the asset from the current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of…
The USD/CAD currency pair continues to move within the framework of the development of a fall and a descending channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3798. Moving averages indicate 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 pair’s decline in the near future. At the moment, it is worth considering an attempt to develop the Canadian Dollar price decline and test the support level near the 1.3725…
XAU/USD quotes continue to move within the framework of the development of the fall and the beginning of the implementation of the “Triangle” model. At the time of publication of the forecast, the price of Gold for today is 3235 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bullish trend. Prices broke through the area between the signal lines downwards, which indicates pressure from sellers of the asset and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a bullish correction of gold and a test of…
XAG/USD quotes continue to move within the framework of the development of the fall and the descending channel. At the time of publication of the forecast, the Silver price is 32.23. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the price decline from the current levels. At the moment, we should expect an attempt to develop a bullish correction in the metal price and a test of the resistance level near the 32.45 area. Where should we expect a price rebound…