The USD/CAD currency pair continues to move within the development of a bullish correction and a descending channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.4261. 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…
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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.
XAU/USD quotes continue to move within the framework of the development of the correction and the descending channel. At the time of publication of the forecast, the price of Gold for today is 3026 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 downwards, which indicates pressure from asset sellers and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish correction of gold and a test of the resistance level near the…
XAG/USD quotes continue to move within the development of the fall and have left the bullish channel. At the time of publication of the forecast, the Silver price is 30.24. Moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the fall in price 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 30.95 area. Where should we expect…
The NZD/USD currency pair continue to move within the development of the fall and have left the 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 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 0.5574. At the moment, we should expect an attempt to develop…
The USD/CHF currency pair continues to move within the development of a sideways correction and a descending channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8526. 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…
BTC/USD quotes are trading at 76156 and continue to move within the framework of the development of the fall and the descending channel. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of “Digital Gold” and a potential continuation of the development of the bearish impulse of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, April 8, 2025, we should expect an attempt to develop an increase in the value of the digital asset and a…
ETH/USD quotes are trading at 1481 and continue to move within the development of the fall and the descending channel. Moving averages indicate the presence of a short-term bearish trend for Ether. Prices have broken through the area between the signal lines downwards, 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 1665 area. From where we should again expect a downward rebound in prices and a…
The Euro Dollar EUR/USD currency pair ends the trading week with a fall near the level of 1.1064. 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 growth in the EUR/USD quotes and a test of the resistance area near the level of 1.1165. From where a downward rebound and…
BRENT oil quotes are ending the trading week near the $68.94 per barrel area. Moving averages indicate a bearish trend. Prices have broken through the signal lines downwards, which indicates pressure from raw material sellers and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a bearish correction and test the support area near the level of 64.05. Then, we should consider an upward rebound and continued growth of oil to the area above the level of $75.05 per barrel. Brent Weekly Forecast April 7 — 11, 2025 An additional…
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 1.3063. 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 1.3145. Then, a rebound downwards and a…