Author: forex24pro

GOLD ends the trading week with aggressive growth near the 3033 area. XAU/USD quotes continue to move within the rise and bullish channel. Moving averages indicate an upward trend for Gold. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of price growth. At the moment, we should expect an attempt to develop a bearish price correction and a test of the support level near the 2935 area. Further, a rebound in prices upwards and continuation of XAUUSD growth in the current trading week with a potential target above the…

Quotes of the currency pair New Zealand Dollar against the US Dollar NZD/USD are ending the trading week with a correction near the 0.5758 level. Moving averages indicate a bearish trend for the pair. Prices are testing the area between the signal lines again, indicating pressure from sellers of the currency pair and a potential continuation of the fall from the current levels on the market. At the moment, we should expect an attempt to develop a bullish correction of the currency pair on Forex and a test of the resistance area near the level of 0.5835. Then, a rebound…

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8835. The pair continues to move within the development of a bullish correction and the formation of the “Triangle” model. The moving averages indicate the presence of a bullish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the American currency and a potential continuation of the instrument’s fall from the current levels. At the moment, we should expect an attempt to develop a bullish price correction and a test of the resistance area near the level of…

Bitcoin BTC/USD ends the trading week at 83888 and continues to move within the development of the correction and the bullish channel. The moving averages indicate the presence of an upward trend. Prices are again testing the area between the signal lines, which indicates pressure from asset sellers and a potential continuation of the fall in BTCUSD quotes. At the moment, we should expect an attempt to develop a bearish correction in the coin price and a test of the support area near the level of 80875. From where we should again expect an upward rebound and continued growth of…

Ethereum ETH/USD ends the trading week with a fall at 1968 and continues to move within the fall and 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 a bullish price correction and a test of the resistance level near the 2215 area. From where we should again expect a downward rebound and a continuation of the fall in the rate…

Silver XAG/USD quotes end the trading week near the 33.04 area. Quotes continue to move within the development of growth and a bullish channel. Moving averages indicate 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 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 32.75 area. Next, the continuation of the growth of the Silver price with a potential target above…

The EUR/USD currency pair continues to move within the development of a fall and a bullish channel. 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 1.0841. Within the framework of the Forex forecast for March 21, 2025, we should expect an…

The GBP/USD currency pair continues to move within the framework of the development of the fall and the formation of the “Wedge” reversal pattern. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2956. 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 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…

The AUD/USD currency pair continues to move within the fall and bullish channel. The moving averages indicate the presence of a short-term bullish trend. 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 instrument’s value from the current levels. At the time of publication of the forecast, the Australian Dollar to the US Dollar exchange rate is 0.6334. At the moment, we should expect an attempt to develop an increase and test the resistance area near the level of 0.6345.…

The USD/JPY currency pair continue to move within the framework of the correction development and the formation of the “Head and Shoulders” reversal pattern. At the time of the forecast publication, the US Dollar to Japanese Yen exchange rate is 149.94. 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 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 for March 21,…