Author: forex24pro

The USD/CAD currency pair continues to move within the framework of the development of the fall and the formation of the “Wedge” model. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3810. 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 decline in the Canadian Dollar price and test the…

XAU/USD quotes continue to move within the development of the rise and have left the descending channel. At the time of publication of the forecast, the price of Gold for today is 3317 Dollars per Troy Ounce. 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 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 3280 area. From…

XAG/USD quotes continue to move within the framework of the development of a bullish correction and a descending channel. At the time of publication of the forecast, the Silver price is 32.33. Moving averages indicate a downward trend. Prices are testing the area between the signal lines again, 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 bullish correction in the metal price and a test of the resistance level near the 32.65 area. From where we should expect a price rebound…

The NZD/USD currency pair continue to move within the development of a fall and a bullish 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 0.5968. At the moment, we should expect an attempt to develop a decline and a test…

The USD/CHF currency pair continues to move within the development of a bullish correction and the formation of a reversal pattern “Head and Shoulders”. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8261. 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 fall in the asset value from the current levels. At the moment, we should expect an attempt to develop growth in the US…

BTC/USD quotes are trading at 94683 and continue to move within the rise and bullish channel. Moving averages indicate 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 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 6, 2025, we should expect an attempt to develop a bearish correction in the value of the digital asset and a test of the support level near the…

ETH/USD quotes are trading at 1823 and continue to move within the framework of the development of the correction and the bullish channel. Moving averages indicate a short-term bullish trend for Ether. 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 bearish correction of the coin and a test of the support level near the 1765 area. From where we should again expect an upward price rebound and continued growth in…

The Euro Dollar EUR/USD currency pair ends the trading week with growth near the level of 1.1349. The moving averages indicate a bullish 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 probable continuation of growth from the current levels. As part of the Euro exchange rate forecast for the trading week, we should expect an attempt to develop growth in the EUR/USD pair and a test of the resistance area near the level of 1.1535. From where a downward rebound and continued…

BRENT oil quotes are ending the trading week near the area of ​​62.66 dollars per barrel. Moving averages indicate a bearish trend. Prices broke through the area with signal lines downwards, which indicates pressure from raw material sellers and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop growth and a test of the resistance area near the level of 68.25. Then, we should consider a rebound downwards and a continuation of the fall of oil to the area below the level of 49.85 dollars per barrel. Brent Weekly…

The currency pair Pound/Dollar GBP/USD is finishing the trading week within the framework of the growth development and the bullish channel near the level of 1.3307. The moving averages indicate the presence of a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from sellers and potential continuation of the growth of the British Pound against the US Dollar from the current levels. At this point, we should expect an attempt to develop growth and test the resistance area near the level of 1.3505. Then, a rebound downwards and a continuation of the…