Author: forex24pro

GOLD is ending the trading week with growth near the 2927 area. XAU/USD quotes continue to move within the bullish channel. Moving averages indicate an upward trend in Gold. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of price growth. At the moment, we should expect an attempt to develop price growth and a test of the resistance level near the 2945 area. Next, a downward price rebound and a continuation of the fall of XAUUSD with a potential target below the level of 2735. GOLD Weekly Forecast…

Quotes of the currency pair New Zealand Dollar are ending the trading week with growth near the level of 0.5755. The moving averages indicate a 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 from the current levels on the market. At the moment, we should expect an attempt to develop a bullish correction of the currency pair on Forex and a test of the resistance area near the level of 0.5805. Then, a rebound downwards and a…

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8984. The pair continues to move within the framework of the development of the fall and the completion of the formation of the “Triangle” model. Moving averages indicate the presence of a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the American currency and a potential continuation of the growth of the instrument from the current levels. At the moment, we should expect an attempt to develop price growth and a test of the resistance area near the…

Bitcoin BTC/USD ends the trading week at 98224 and continues to move within the development of the correction and the bullish channel. The moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and a potential continuation of the asset’s quotes growth. At the moment, we should expect an attempt to develop a fall in the coin price and a test of the support area near the level of 94505. From where we should again expect an upward rebound and continued growth of the…

Ethereum ETH/USD ends the trading week at 2773 and continues to move within the fall and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices have broken through the area between the signal lines downwards, indicating pressure from cryptocurrency sellers and potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a price correction and test the support level near the 2415 area. From where we should again expect an upward rebound and continued growth of the rate and cost of Ethereum with a potential target above the level of…

Quotes of Silver XAG/USD are ending the trading week near the 32.89 area. Quotes continue to move within the framework of growth development and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate the presence of an upward trend for the asset. Prices have broken through the area between the signal lines upwards, 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 growth in the asset value and a test of the resistance level near the 33.75 area. Further, the continuation…

The Euro/Dollar currency pair EUR/USD continues to move within the framework of the growth and bullish channel development. 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 European currency and potential continuation of the growth of the asset pair quotes from the current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.0449. Within the framework of the Forex forecast for February 21, 2025, we should expect an…

The Pound/Dollar GBP/USD currency pair continues to move within the framework of the development of growth and a bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2617. Moving averages indicate the presence of a short-term bullish trend. Prices broke through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the instrument’s growth. At the moment, we should expect an attempt to develop a bearish correction of the British Pound against the US Dollar and a test…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the growth and bullish channel. The moving averages indicate the presence of a short-term upward trend. 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 fall in the value of the instrument from the current levels. At the time of publication of the forecast, the Australian Dollar to the US Dollar exchange rate is 0.6347. At the moment, we should expect an attempt to develop a correction and test the…

The quotes of the USD/JPY currency pair continue to move within the framework of the development of the fall and the descending channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 149.97. 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 of the US Dollar and a potential continuation of the price fall from the current levels. As part of the forecast of the Japanese Yen exchange rate for February 21,…