Author: forex24pro

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 1.3830. 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 3226 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 the rise in gold and test the resistance level near the area of ​​3245. From where we…

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 32.17. Moving averages indicate the presence of a bearish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and 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 area of ​​31.05. Where should we expect a price rebound…

The NZD/USD currency pair continue to move within the framework of the development of strong growth and a bullish channel. Moving averages indicate the presence of a short-term bearish 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 the US Dollar exchange rate is 0.5875. At the moment, we should expect an attempt to develop an increase…

The USD/CHF currency pair continues to move within the development of a fall and a descending channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8175. 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 the Swiss Franc and…

BTC/USD quotes are trading at 84554 and continue to move within the framework of 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 the potential continuation of the development of a bullish impulse in the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, April 16, 2025, we should expect an attempt to develop an increase in…

ETH/USD quotes are trading at 1631 and continue to move within the framework of the correction development and the formation of the “Triangle” model. Moving averages indicate the presence of a short-term bearish trend for Ether. 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 bullish correction of the coin and a test of the resistance level near the 1675 area. From where we should again expect a downward rebound in…

The Euro Dollar EUR/USD currency pair ends the trading week with a strong growth near the level of 1.1400. The moving averages indicate a bearish 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 a bearish correction in the EUR/USD quotes and a test of the support area near the level of 1.1175. From where an…

BRENT oil quotes are ending the trading week near the area of ​​63.94 dollars per barrel. Moving averages indicate the presence of a bearish trend. Prices broke through the area with signal lines downwards, which indicates pressure from sellers of raw materials and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level of 53.65. Then, it is worth considering an upward rebound and continued growth of oil to the area above the level of 69.65 dollars per…

The currency pair Pound/Dollar GBP/USD ends the trading week within the framework of the development of growth and a bullish channel near the level of 1.3071. 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 a 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 a test of the resistance area near the level of 1.3235. Next, a rebound downwards and a…