Author: forex24pro

ETH/USD quotes are trading at 1797 and continue to move within the framework of the development of the correction and the correction channel. Moving averages indicate a short-term bearish 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 coin growth and a test of the resistance level near the 1815 area. From where we should again expect a downward price rebound and a continued fall in the Ethereum rate…

The EUR/USD currency pair continues to move within the framework of the correction development and the beginning of the implementation of the “Head and Shoulders” reversal model. 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 downwards, which indicates pressure from sellers of the European currency and a potential continuation of the fall in the quotes of the currency pair from the current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.1305. Within the framework…

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 1.3286. 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 growth and bullish channel. The 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 buyers of the currency pair and potential continuation of the growth of the instrument from the current levels. At the time of publication of the forecast, the Australian Dollar to the US Dollar exchange rate is 0.6470. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level of 0.6455.…

The USD/JPY currency pair continue to move within the framework of the development of a decline and a bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 144.27. 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 US Dollar buyers and potential continuation of price growth from current levels. As part of the Japanese Yen exchange rate forecast for May 6, 2025, we should expect an attempt to develop a bearish…

Brent crude oil quotes continue to move within the development of a bullish correction and a descending channel. At the time of publication of the forecast, the price of Brent crude oil is 60.56 dollars per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices broke 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 should expect an attempt to develop a bullish correction and test the…

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…