Author: forex24pro

Ethereum ETH/USD ends the trading week with a fall at 2113 and continues to leave the bullish channel. Moving averages indicate a downward trend for ETH/USD. Prices have broken through the area between the signal lines downwards, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a bullish price correction and a test of the resistance level near the 2545 area. From where we should again expect a rebound downwards and a continuation of the fall in the rate and cost of Ethereum…

Quotes of Silver XAG/USD end the trading week near the 31.20 area. Quotes continue to move within the framework of the development of the fall and the formation of the reversal pattern “Head and Shoulders”. Moving averages indicate the presence of an upward trend for the asset. Prices are again testing the area between the signal lines, which indicates pressure from metal buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop an increase in the value of the asset and a test of the resistance level near the 32.65…

The EUR/USD currency pair continues to move within the development of a decline and the formation of a “Triangle” pattern. Moving averages indicate a short-term uptrend in the pair. Prices are once again testing the area between the signal lines, indicating pressure from buyers of the European currency and the potential for further growth in the pair’s quotes from current levels. At the time of the forecast’s publication, the Euro to US Dollar exchange rate stands at 1.0492. As part of the Forex forecast for February 28, 2025, an attempt to develop a bearish correction in price and test the…

The GBP/USD currency pair continues to move within the framework of an upward trend and a bullish channel. At the time of publishing the forecast, the exchange rate of the British Pound to the US Dollar on Forex is 1.2675. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines upwards, suggesting pressure from buyers of the currency pair and the potential for a continued rise of the instrument. Currently, we should expect an attempt to develop a bearish correction of the British Pound against the US Dollar and a test of the…

The AUD/USD currency pair continues to move within the framework of a decline and descending channel. Moving averages indicate a short-term upward trend. Prices have broken through the area between the signal lines downwards, suggesting pressure from sellers of the currency pair and the potential for a continued decline in the value of the instrument from current levels. At the time of publishing the forecast, the exchange rate of the Australian Dollar to the US Dollar is 0.6312. Currently, we should expect an attempt to develop an upward move and a test of the resistance area near 0.6360. After that,…

The USD/JPY currency pair continues to move within the framework of a correction and descending channel. At the time of publishing the forecast, the exchange rate of USD to JPY is 149.68. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, suggesting pressure from USD sellers and the potential for continued price decline from the current levels. In the forecast for the Japanese Yen’s exchange rate on February 28, 2025, we should expect an attempt to develop a decline and a test of the support area near 148.25.…

Brent crude oil quotes continue to move within the framework of a decline and descending channel. At the time of publishing the forecast, the price of Brent oil is 72.69 USD per barrel. Moving averages indicate a short-term bearish trend for oil. Prices have rebounded from the area between the signal lines, suggesting pressure from sellers of “Black Gold” and the potential for a continued price decline from the current levels. At this point, we should expect an attempt to develop a bullish correction and a test of the resistance level near 73.85 USD per barrel. After that, a downward…

The USD/CAD currency pair continues to move within the framework of a bullish correction and descending channel. At the time of publishing the forecast, the exchange rate of USD to CAD is 1.4339. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines upwards, suggesting pressure from sellers and the potential for a continued decline of the pair in the near future. At this point, we should consider an attempt to develop a bullish correction in the Canadian Dollar’s price and a test of the resistance level near 1.4465. After…

The XAU/USD quotes continue to move within the framework of a decline and the beginning of the implementation of the “Wedge” pattern. At the time of publishing the forecast, the price of Gold is 2884 USD per Troy ounce. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines downward, suggesting pressure from sellers and the potential for further decline from the current levels. At this point, we should expect an attempt to develop a bullish correction and a test of the resistance level near 2905, from where a downward rebound is expected,…

The XAG/USD quotes continue to move within the framework of a sideways correction and descending channel. At the time of publishing the forecast, the Silver price is 31.77. Moving averages indicate an upward trend. Prices have broken through the area between the signal lines upwards, suggesting pressure from buyers and the potential for continued price growth from the current levels. At this point, we should expect an attempt to develop a bullish correction in the metal’s price and a test of the resistance level near 32.25, from where a price rebound downward is expected, followed by a continuation of the…