The USD/CAD currency pair continues to move within the framework of the development of growth and a descending channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.4417. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from sellers and a potential continuation of the pair’s fall in the near future. At the moment, it is worth considering an attempt to develop the rise in the Canadian Dollar price and test the resistance level near the…
Author: forex24pro
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 growth and descending channel development. At the time of the forecast publication, the price of Gold for today is 2918 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 and a test of the support level near the 2900 area. From where we should expect an…
XAG/USD quotes continue to move within the framework of the development of the fall and the bullish channel. At the time of publication of the forecast, the Silver price is 31.82. Moving averages indicate an upward trend. Prices are testing the area between the signal lines again, indicating pressure from buyers and potential continued growth from current levels. At the moment, we should expect an attempt to develop a bearish correction in the metal price and a test of the support level near the 31.35 area. Where should we expect an upward price rebound and continued growth in the Silver…
The NZD/USD currency pair continue to move within the development of the correction and the descending channel. The 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 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 0.5627. At the moment, we should expect an attempt to develop a bullish…
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 0.8909. 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 asset’s value growth from current levels. At the moment, we should expect an attempt to develop the rise of the US Dollar against the Swiss Franc and a test of…
BTC/USD quotes are trading at 83865 and continue to move as part of the decline and the beginning of the implementation of the “Triangle” pattern. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices have broken through the area with signal lines downwards, which indicates pressure from sellers of “Digital Gold” and a potential continuation of the development of a bearish impulse in the asset value from current levels. As part of the cryptocurrency rate forecast for tomorrow, March 5, 2025, we should expect an attempt to develop growth in the value of the digital asset…
ETH/USD quotes are trading at 2091 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 Ethereum. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the asset’s value decline from 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 2245 area. From where we should again expect a downward price rebound and a continuation…
The EUR/USD currency pair continues its movement, having exited the bullish channel. Moving averages indicate a short-term bearish trend. Prices have broken below the signal lines, indicating selling pressure on the euro and the potential continuation of the pair’s decline from current levels. At the time of the forecast publication, the Euro to US Dollar exchange rate stands at 1.0404.In the Forex forecast for March 4, 2025, a bullish correction attempt and a test of the resistance level near 1.0430 are expected. After that, a price rebound downward and a continuation of the decline in the EUR/USD currency pair may…
The GBP/USD currency pair continues its movement within a correction and bullish channel. At the time of the forecast publication, the Pound to US Dollar exchange rate on Forex is 1.2595. Moving averages indicate a short-term bullish trend. Prices have broken above the signal lines, indicating buying pressure on the pair and the potential for continued growth. Currently, a bearish correction attempt and a test of the support area near 1.2565 are expected. After that, a price rebound upward and continued growth in the GBP/USD currency pair are anticipated, with a target near 1.2795. GBP/USD Forecast and Analysis for March…
The AUD/USD currency pair continues to decline within a bearish channel. Moving averages indicate a short-term upward trend. Prices have broken below the signal lines, indicating selling pressure on the pair and the potential for further decline. At the time of the forecast publication, the Australian Dollar to US Dollar exchange rate stands at 0.6216. Currently, an attempt to rise and test the resistance area near 0.6285 is expected. After that, a price rebound downward and a continuation of the decline toward 0.6045 may follow. Australian Dollar Forecast for March 4, 2025 An additional signal in favor of a decline…