The USD/JPY currency pair continues to move within a correction and a downward channel. At the time of the forecast publication, the US Dollar to Japanese Yen exchange rate is 150.29. Moving averages indicate a short-term bearish trend. Prices have broken below the signal lines, indicating selling pressure on the US Dollar and the potential continuation of its decline. In the forecast for the Japanese Yen on March 4, 2025, a decline attempt and a test of the support area near 149.05 are expected. After that, a price rebound upward and continued growth toward 153.65 may follow. USD/JPY Forecast Japanese…
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.
Brent crude oil quotes continue to decline within the framework of a downward channel. At the time of publication, the price of Brent crude oil stands at 72.87 USD per barrel. Moving averages indicate a short-term bearish trend. Prices have rebounded from the area between the signal lines, signaling pressure from sellers of “Black Gold” and the potential continuation of the asset’s decline from current levels. At the moment, an attempt to develop a bullish correction and test the resistance level near the 73.80 USD per barrel area is expected. Afterward, a rebound downward and a further decline in oil…
The USD/CAD currency pair continues to move within a bullish correction and a downward channel. At the time of publication, the USD/CAD exchange rate is 1.4437. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines upward, signaling pressure from sellers and the potential continuation of the pair’s decline soon. Currently, a bullish correction attempt for the Canadian Dollar and a test of the resistance level near 1.4505 are expected. Afterward, a downward rebound and further decline in the forex market are anticipated. The potential target for this movement is…
XAU/USD quotes continue to decline as they develop within a “Wedge” pattern. At the time of publication, the price of gold is 2,884 USD per troy ounce. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines downward, indicating pressure from sellers and the potential continuation of the decline from current levels. At the moment, an attempt to develop a bullish correction and test the resistance level near 2,905 USD is expected. From there, a downward rebound and continued decline in gold prices with a potential target below 2,795 USD are anticipated. GOLD…
XAG/USD quotes continue their movement within the development of a decline and a downward channel. At the time of the forecast publication, Silver is priced at 31.19. Moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines upward, indicating pressure from buyers and a potential continuation of the price increase from current levels. At the moment, a bullish correction attempt in the price of the metal and a test of the resistance level near the 32.15 area are expected. From there, a price rebound downward and the continuation of the decline…
The NZD/USD currency pair continues its movement within the development of a decline and a downward 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 downward, indicating selling pressure on the currency pair and a potential continuation of the decline from current levels. At the time of the Forex forecast publication, the New Zealand Dollar to US Dollar exchange rate is 0.5600. At the moment, a bullish correction attempt and a test of the resistance level near 0.5655 are expected. Then, in the framework of…
The USD/CHF currency pair continues its movement within the development of an uptrend and a descending channel. At the time of the Forex forecast publication, the US Dollar to Swiss Franc exchange rate is 0.9016. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines upward, indicating buying pressure and a potential continuation of the price increase from current levels. At the moment, an attempt to develop an increase in the US Dollar against the Swiss Franc and a test of the resistance area near 0.9065 are…
BTC/USD quotes are trading at 92,476 and continue moving within the framework of an uptrend and bullish channel. Moving averages indicate a short-term bullish trend for Bitcoin. Prices have broken through the signal lines upwards, indicating buying pressure on “Digital Gold” and the potential continuation of the bullish momentum from current levels. As part of the cryptocurrency forecast for tomorrow, March 4, 2025, a bearish correction is expected, with a test of the support level near the 90,305 area. From there, a rebound upwards and an attempt to continue the growth of Bitcoin towards a target above 103,705 should be…
ETH/USD quotes are trading at 2,386 and continue moving within a bullish correction and descending channel. Moving averages indicate a short-term bearish trend for Ethereum. Prices have broken through the signal lines downward, indicating selling pressure and the potential continuation of the asset’s decline from current levels. At the moment, a bullish correction attempt is expected, with a test of the resistance level near 2,570. From there, a downward rebound and the continuation of Ethereum’s decline toward a potential target below 1,545 should be anticipated. Ethereum Forecast and Analysis for March 4, 2025 An additional signal in favor of ETH/USD…
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