Brent crude oil quotes continue to move within the framework of the development of a bullish correction and the formation of a bearish “Wolfe Wave” pattern. At the time of publication of the forecast, the price of Brent crude oil is $65.55 per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices are again testing the area between the signal lines, which indicates pressure from sellers of “Black Gold” and a potential continuation of the fall in the asset price from the current levels. At the moment, we should expect an attempt to develop a…
Author: forex24pro
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.
The USD/CAD currency pair continues to move within 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 1.3907. 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 fall of the price pair in the near future. At the moment, it is worth considering an attempt to develop a bullish correction in the Canadian Dollar price and a…
XAU/USD quotes continue to move within the framework of the development of growth and a bullish channel. At the time of publication of the forecast, the price of Gold for today is 3305 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bullish trend. Prices broke through the area between the signal lines upwards, which indicates pressure from sellers of the asset and potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a decline in gold and a test of the support level near the 3265 area. From where…
XAG/USD quotes continue to move within the development of growth and a bullish channel. At the time of publication of the forecast, the Silver price is 32.96. Moving averages indicate the presence of a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of the price growth from the current levels. At the moment, we should expect an attempt to develop a decrease in the cost of the metal and a test of the support level near the 32.55 area. Where should we expect a price rebound…
The NZD/USD currency pair continue to move within the framework of the growth development and the formation of the “Expanding Triangle” model. Moving averages indicate the presence of a short-term bullish trend for the pair. 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 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 0.5917. At the moment, we should expect an attempt to develop an…
The USD/CHF currency pair continues to move within the development of a sideways correction and the formation of the “Triangle” pattern. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8173. 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 fall in the asset value from the current levels. At the moment, we should expect an attempt to develop growth in the US Dollar against…
BTC/USD quotes are trading at 83762 and continue to move as part of the development of the fall and the beginning of the development of the “Wedge” reversal model. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices are again testing the area between the signal lines, which indicates pressure from buyers of “Digital Gold” and the 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, April 17, 2025, we should expect an attempt to develop an increase in…
ETH/USD quotes are trading at 1572 and continue to move within the development of a decline and a bullish channel. Moving averages indicate the presence of a short-term bearish trend for Ether. 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 current levels. At the moment, we should expect an attempt to develop a bullish correction of the coin and a test of the resistance level near the 1655 area. From where we should again expect a downward rebound in prices and a continuation…
The EUR/USD currency pair continues to move within the framework of the correction development and the formation of the “Triangle” 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 upwards, which indicates pressure from buyers of the European currency and a potential continuation of the growth of the currency pair quotes from the current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.1346. Within the framework of the Forex forecast for April 16, 2025,…
The GBP/USD currency pair continues to move within the framework of the development of growth and an ascending channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.3243. 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…