Author: forex24pro

Brent oil quotes continue to move within the framework of growth development and the formation of the “Double Bottom” reversal model. At the time of publication of the forecast, the price of Brent crude oil is 76.04 dollars per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of “Black Gold” and potential continuation of the growth of the asset value from the current levels. At the moment, we should expect an attempt to develop a correction and test the…

Currency pair US Dollar Canadian Dollar USD/CAD continues 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 Canadian Dollar exchange rate is 1.4197. Moving averages indicate 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 pair’s decline in the near future. At the moment, it is worth considering an attempt to develop a bullish correction in the Canadian Dollar price and a…

XAU/USD quotes continue to move within the development of growth and a bullish channel. At the time of publication of the forecast, the price of Gold for today is 2944 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a decline and a test of the support level near the 2935 area. From where we should expect an upward rebound…

The quotes of XAG/USD continue to move within the framework of the growth and bullish channel development. At the time of the forecast publication, the Silver price is 33.06. The moving averages indicate an upward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of price 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 32.65 area. Where should we expect a price rebound upwards and continued growth…

The quotes of the currency pair NZD/USD continue to move within the development of the correction and growth and the bullish channel. The moving averages indicate the presence of a short-term upward trend for the pair. Prices broke through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and 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 0.5734. At the moment, we should expect an attempt to develop a…

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 0.9012. Moving averages indicate the presence of a short-term bullish 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 current levels. At the moment, we should expect an attempt to develop a bullish correction of the US Dollar against the Swiss Franc and a test…

BTC/USD quotes are trading at 97268 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 Bitcoin. Prices have broken through the area with signal lines upwards, which indicates pressure from buyers of “Digital Gold” and a potential continuation of the growth in the value of the asset from the current levels. As part of the cryptocurrency rate forecast for tomorrow, February 21, 2025, we should expect an attempt to develop a correction in the value of the digital asset and…

ETH/USD are trading at 2736 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 testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset from the 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 2785 area. From where we should again expect a…

The Euro/Dollar currency pair EUR/USD continues to move within the framework of the correction development and the formation of the “Triangle” model. The moving averages indicate the presence of a short-term 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 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 1.0426. As part of the Forex forecast for February 20, 2025,…

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 1.2587. Moving averages indicate the presence of a short-term bullish 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 growth of the instrument. At the moment, we should expect an attempt to develop a bearish correction in the British Pound against the US Dollar…