Author: forex24pro

The quotes of the currency pair NZD/USD continue to move within the framework of the correction development and the formation of the “Wedge” reversal pattern. 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 rise in the value of the instrument from the current levels. At the time of publication of the Forex forecast, the New Zealand Dollar to US Dollar exchange rate is 0.5749. At the moment, an…

The USD/CHF currency pair continues to move within the framework of the development of the fall and the formation of the bullish “Wolfe Wave” model. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8966. 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 a decline in the US…

BTC/USD quotes are trading at 95818 and continue to move within the development of the correction and the formation of the “Triangle” model. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices broke 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, February 25, 2025, we should expect an attempt to develop a decrease in the value of the digital asset and…

ETH/USD are trading at 2723 and continue to move within the framework of the correction development and the formation of the “Triangle” model. Moving averages indicate the presence of a short-term bearish trend for Ether. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the asset’s fall from current levels. At the moment, we should expect an attempt to develop a bullish correction for the coin and a test of the resistance level near the 2775 area. From where we should again expect a downward rebound in prices and…

The Euro Dollar EUR/USD currency pair ends the trading week with growth near the level of 1.0473. The pair continues to move within the correction and the descending channel. Moving averages indicate the presence of a bearish trend for the pair. Prices broke through the area between the signal lines downwards, which indicates pressure from sellers of the European currency and a likely continuation of the fall from the current levels. As part of the Euro exchange rate forecast for the trading week, we should expect an attempt to develop a decline in the EUR/USD pair and a test of…

BRENT oil quotes are ending the trading week near the $75.69 per barrel area. The moving averages indicate a bearish trend. Prices are testing the signal line area again, indicating pressure from raw material sellers and a potential continuation of the decline from current levels. At the moment, we should expect an attempt to develop a decline and test the support area near the 72.85 level. Then, we should consider an upward rebound and continued growth of oil to the area above the $83.75 per barrel level. BRENT Weekly Forecast February 24 — 28, 2025 An additional signal in favor…

The currency pair Pound/Dollar GBP/USD is finishing the trading week within the framework of the growth development and the bearish channel near the level of 1.2647. The moving averages indicate the presence of a downward trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the decline in the British Pound against the US Dollar from the current levels. At this point, we should expect an attempt to develop a bullish correction and a test of the resistance area near the level of 1.2765. Next, a downward rebound and…

The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6384 area. The pair continues to move within the development of the correction and the descending channel. The moving averages indicate the presence of a bearish trend. Prices are again testing the area between the signal lines, 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 growth and a test of the resistance area near the 0.6465 level. Then, a rebound downwards and a…

The currency pair Canadian Dollar to US Dollar USD/CAD is ending the trading week with a decline within the formation of the “Wedge” reversal pattern. The moving averages indicate an upward trend. Prices are again testing the area between the signal lines, 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 fall and a test of the support level near the 1.4015 area. Then, an upward rebound and continued growth of quotes with a target above the 1.4485 level. USD/CAD…

Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week with a fall near the 150.41 area. The moving averages indicate a bullish trend. Prices are testing the area between the signal lines downwards, which indicates pressure from sellers of the US dollar and a potential continuation of the fall from the 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 151.75 area. Then, a rebound downwards and a continuation of the fall of the pair to the area below the 140.85…