Author: forex24pro

The GBP/USD currency pair continues to move within the framework of the correction and ascending channel development. At the time of the forecast publication, the Pound to US Dollar exchange rate on Forex is 1.3333. 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 and a test of the resistance area near…

The AUD/USD currency pair continues to move within the fall and bullish channel. The moving averages indicate the presence of a short-term upward trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the currency pair and potential continued growth in the instrument’s value from the current levels. At the time of publication of the forecast, the Australian Dollar to US Dollar exchange rate is 0.6411. At the moment, we should expect an attempt to develop growth and a test of the resistance area near the level of 0.6485. Then, a downward price…

The USD/JPY currency pair continue to move within the framework of the development of growth and the formation of the reversal pattern “Head and Shoulders”. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 144.90. 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…

Brent crude oil quotes continue to move within the development of the correction and the descending channel. The potential for the formation of the “Double Bottom” reversal pattern remains. At the time of publication of the forecast, the price of Brent crude oil is 62.58 dollars per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices have broken 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…

The USD/CAD currency pair continues to move within the framework of growth development and the beginning of the “Wedge” model implementation. At the time of the forecast publication, the US Dollar to Canadian Dollar exchange rate is 1.3882. 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 price pair’s fall in the near future. At the moment, it is worth considering an attempt to develop the Canadian Dollar price fall and test the support…

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 3340 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…

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 32.47. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downwards, indicating 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 bearish correction in the metal price and a test of the support level near the 32.35 area. Where should we expect an upward price…

The NZD/USD currency pair continue to move within the development of the fall and have left the ascending 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 downwards, which indicates pressure from sellers of the currency pair and a potential continuation of the fall in the value 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 0.5919. At the moment, we should expect an attempt to…

The USD/CHF currency pair continues to move within the framework of the correction and descending channel development. At the time of the Forex forecast publication, the US Dollar to Swiss Franc exchange rate is 0.8262. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, 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 a decline in the US Dollar against the Swiss Franc and a test of the…

BTC/USD quotes are trading at 99762 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 9, 2025, we should expect an attempt to develop a bearish correction in the value of the digital asset and a test of the…