Author: forex24pro

XAG/USD quotes continue to move within the framework of the growth and bullish channel development. At the time of publication of the forecast, the Silver price is 32.42. Moving averages indicate an upward trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers and potential continuation of the price growth from the current levels. At the moment, we should expect an attempt to develop a bearish correction in the cost of the metal and a test of the support level near the 31.55 area. Where should we expect an upward price rebound and continued…

The NZD/USD currency pair continue to move within the development of the correction and the descending channel. The moving averages indicate the presence of a short-term bearish trend for the pair. 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 growth in the value 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 0.5737. At the moment, we should expect an attempt to develop a bullish…

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 0.8770. 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 growth in the US Dollar against the Swiss Franc and a test of…

BTC/USD quotes are trading at 81982 and continue to move as part of the development of the fall and the beginning of the implementation 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 a bearish impulse in the asset value from current levels. As part of the cryptocurrency rate forecast for tomorrow, March 11, 2025, we should expect an attempt to develop growth in the value of the…

ETH/USD quotes are trading at 2085 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 fall 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 2335 area. From where we should again expect a downward rebound in prices 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 a decline in the EUR/USD quotes and a test of the support area near the level of 1.0655. From where an upward…

BRENT oil quotes are ending the trading week near the area of ​​69.77 dollars per barrel. Moving averages indicate the presence of a bearish trend. Prices broke through the area with signal lines downwards, which indicates pressure from sellers of raw materials 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 67.35. Then, it is worth considering an upward rebound and continued growth of oil to the area above the level of 75.65 dollars per barrel.…

The currency pair Pound/Dollar GBP/USD is finishing the trading week within the framework of the development of strong growth and a bullish channel near the level of 1.2647. The moving averages indicate the presence of 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 the current levels. At this point, we should expect an attempt to develop a fall and a test of the resistance area near the level of 1.2375. Next, an upward…

The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6308 area. The pair continues to move within the development of a fall 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 0.6355 level. Then, a downward rebound and a…

The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a decline 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 1.4265 area. Then, an upward rebound and continued growth of quotes with a target above the 1.4685 level. USD/CAD Weekly Forecast March 10 —…