XAG/USD quotes continue to move within the framework of the development of growth and a bullish channel. At the time of publication of the forecast, the price of Silver is 33.75. 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 33.35 area. From where we should expect an upward price rebound and continued growth in 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.
The NZD/USD currency pair continue to move within the development of growth 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 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 0.5786. At the moment, we should expect an attempt to develop growth and a test of…
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 0.8823. Moving averages indicate the presence of 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 asset’s fall from the current levels. At the moment, we should expect an attempt to develop the growth of the US Dollar against the Swiss Franc and a test…
BTC/USD quotes are trading at 83522 and continue to move within the development of the fall and the descending channel. 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 the bearish impulse of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, March 18, 2025, we should expect an attempt to develop growth in the value of the digital asset and a test of…
ETH/USD quotes are trading at 1908 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 1995 area. From where we should again expect a downward price rebound and a continuation…
The Euro Dollar EUR/USD currency pair ends the trading week with a strong growth near the level of 1.0387. The moving averages indicate a bearish 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 probable continuation of growth from the current levels. As part of the Euro exchange rate forecast for the trading week, we should expect an attempt to develop growth in the EUR/USD quotes and a test of the resistance area near the level of 1.0995. From where a downward rebound…
BRENT oil quotes are ending the trading week near the $70.49 per barrel area. The moving averages indicate a bearish trend. Prices have broken through the signal lines downwards, which indicates pressure from raw material sellers and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bearish correction and test the support area near the level of 66.85. Then, we should consider an upward rebound and continued growth of oil to the area above the level of $75.85 per barrel. Brent Weekly Forecast March 17 — 21, 2025…
The currency pair Pound/Dollar GBP/USD is finishing the trading week within the framework of strong growth and a bullish channel near 1.2937. The moving averages indicate a downward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from sellers and a potential continuation of the decline in the British Pound against the US Dollar from current levels. At this point, we should expect an attempt to develop growth and a test of the resistance area near 1.3125. Next, a rebound downwards and a continuation of the fall in Pound Dollar quotes to the area…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6302 area. The pair continues to move within the development of a sideways correction and a descending channel. The moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from asset sellers and a potential continuation of the fall in the value of the currency pair. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance area near the 0.6395 level. Then, a downward rebound and…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a correction within the bullish channel. The moving averages indicate an 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 growth in the near future. At the moment, we should expect an attempt to develop a bearish correction and test the support level near the 1.4425 area. Then, an upward rebound and continued growth of quotes with a target above the 1.5015 level. USD/CAD Weekly Forecast March 17 —…