Author: forex24pro

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,…

Brent crude oil quotes continue to move within the framework of the development of the fall and the formation of the “Wedge” pattern. At the time of publication of the forecast, the price of Brent crude oil is 70.57 dollars per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices are testing the area between the signal lines, 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…

The USD/CAD currency pair continues to move within the framework of the development of growth and the formation of the “Triangle” pattern. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.4379. 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 and potential continuation of the price pair growth in the near future. At the moment, it is worth considering an attempt to develop a bearish correction in the Canadian Dollar price…

XAU/USD quotes continue to move within the development of the correction and the bullish channel. At the time of publication of the forecast, the price of Gold for today is 3031 Dollars per Troy Ounce. 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 asset buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop gold growth and a test of the resistance level near the 3040 area. From where we should expect a…

XAG/USD quotes continue to move within the framework of the development of the fall and the formation of the descending model “Wolf Wave”. At the time of publication of the forecast, the Silver price is 33.33. Moving averages indicate the presence of an upward trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth in value from the current levels. At the moment, we should expect an attempt to develop growth in the value of the metal and a test of the resistance level near the area…

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 upward trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the growth 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 0.5738. At the moment, we should expect an attempt to develop a bullish…