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 bearish 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 from the current levels. At the time of publication of the forecast, the Australian Dollar to the US Dollar exchange rate is 0.6349. At the moment, we should expect an attempt to develop a fall and a test of the…
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/JPY currency pair continue to move within the framework of the decline development and the formation of the “Triangle” model. At the time of the forecast publication, the US Dollar to Japanese Yen exchange rate is 142.78. 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 Japanese Yen exchange rate forecast for April 16, 2025, we should expect…
Brent crude oil quotes continue to move within the development of a bullish correction and a descending channel. At the time of publication of the forecast, the price of Brent crude oil is $64.78 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 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 the fall and the formation of the “Triangle” model. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3859. 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 a bullish correction in the Canadian Dollar price and a…
XAU/USD quotes continue to move within the framework of the growth and bullish channel development. At the time of the forecast publication, the price of Gold for today is 3224 Dollars per Troy Ounce. 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 asset sellers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a fall in gold and a test of the support level near the 3205 area. From where we should expect…
XAG/USD quotes continue to move within the framework of the development of growth and the bullish channel. At the time of publication of the forecast, the Silver price is 32.28. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of price growth from current levels. At the moment, we should expect an attempt to develop a decline in the cost of the metal and a test of the support level near the 31.75 area. Where should we expect a price rebound upwards and continued…
The NZD/USD currency pair continue to move within the development of growth and a bullish channel. The 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 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 US Dollar exchange rate is 0.5910. At the moment, we should expect an attempt to develop a correction and a test of…
The USD/CHF currency pair continues to move within the framework of the decline and the formation of the “Triangle” model. At the time of the publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8150. 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 value decline from the current levels. At the moment, we should expect an attempt to develop growth in the US Dollar against the Swiss…
BTC/USD quotes are trading at 85750 and continue to move within the development of a bullish correction and the formation of a reversal pattern “Wedge”. 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 a bullish impulse in the asset’s value from current levels. As part of the cryptocurrency rate forecast for tomorrow, April 16, 2025, we should expect an attempt to develop an increase in the value of the…
ETH/USD quotes are trading at 1639 and continue to move within the framework of the development of the correction and the formation of the “Wedge” model. Moving averages indicate a short-term bearish trend for Ethereum. Prices are testing the area between the signal lines again, indicating pressure from sellers and a potential continuation of the asset’s price decline 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 1705 area. From where we should again expect a downward price rebound and a…