Author: forex24pro

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the correction and the formation of the “Expanding Formation” model. The moving averages indicate the presence of a short-term bearish 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 US Dollar exchange rate is 0.6347. At the moment, we should expect an attempt to develop growth…

The quotes of the USD/JPY currency pair continue to move within the framework of the development of the fall and the formation of the “Triangle” model. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 151.80. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, indicating pressure from US Dollar sellers and potential continuation of the price decline from current levels. As part of the Japanese Yen exchange rate forecast for February 20, 2025, we should expect an attempt to…

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 $76.11 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 support…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within 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 1.4201. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices broke through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the fall in the price pair in the near future. At the moment, it is worth considering an attempt to develop a bullish correction in the price of the…

XAU/USD quotes continue to move within the framework of growth development and completion of the formation of the “Triangle” model. At the time of publication of the forecast, the price of Gold for today is 2940 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 the current levels. At the moment, we should expect an attempt to develop a decline and a test of the support level near the 2915 area. From…

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 32.92. Moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a 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 metal price and a test of the support level near the 32.55 area. From where we should expect an…

The quotes of the currency pair NZD/USD continue to move within the framework of the correction development and the formation of the “Expanding Formation” 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 currency pair and a potential continuation of the growth of the instrument’s value from the current levels. At the time of publication of the Forex forecast, the New Zealand Dollar to US Dollar exchange rate is 0.5711. At the moment, we should expect…

The USD/CHF currency pair continues to move within the development of a bullish correction and a descending channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.9039. 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 fall in the asset value from the current levels. At the moment, we should expect an attempt to develop a bullish correction of the US Dollar against the…

BTC/USD quotes are trading at 96220 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 downwards, which indicates pressure from sellers of “Digital Gold” and a potential continuation of the fall in the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, February 20, 2025, we should expect an attempt to develop a correction in the value of the digital asset and a test…

ETH/USD are trading at 2710 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 Ether. Prices are testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the asset value 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 2735 area. From where we should again expect a downward rebound in…