Author: forex24pro

The GBP/USD currency pair continues to move within the framework of the development of aggressive growth and a bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2820. 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 potential continuation of the instrument’s growth. At the moment, we should expect an attempt to develop the growth of the British Pound against the US Dollar and a test of…

The AUD/USD currency pair continues to move within the bullish correction and descending channel. The moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the currency pair and a potential continuation of the fall in the instrument’s value from the current levels. At the time of publication of the forecast, the Australian Dollar to the US Dollar exchange rate is 0.6276. At the moment, we should expect an attempt to develop an increase and test the resistance area near the level of…

The USD/JPY currency pair continue to move within the development of a bullish correction and have left the ascending correction channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 149.60. 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 fall in prices from the current levels. As part of the forecast of the Japanese Yen exchange rate for March 6, 2025,…

Brent crude oil quotes continue to move within the development of a fall and a descending channel. At the time of publication of the forecast, the price of Brent crude oil is 71.07 dollars per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices bounced off the area between the signal lines, which indicates pressure from sellers of “Black Gold” 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 and a test of the…

The USD/CAD currency pair continues to move within the framework of the development of a correction and a descending channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.4396. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upwards, 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 the Canadian Dollar price rise and test the resistance level near the 1.4475…

XAU/USD quotes continue to move within the growth development and have left the descending correction channel. At the time of the forecast publication, the price of Gold for today is 2917 Dollars per Troy Ounce. 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 asset buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the 2890 area. From where we should expect…

XAG/USD quotes continue to move within the framework of the development of growth and a bullish channel. At the time of publication of the forecast, the Silver price is 31.82. Moving averages indicate the presence of an upward trend. Prices are testing the area between the signal lines again, indicating pressure from buyers and potential continued 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 31.45 area. From where we should expect an upward price rebound and continued growth…

The NZD/USD currency pair continue to move within the development of a bullish correction and a descending channel. The moving averages indicate the presence of a short-term 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 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 0.5667. 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 0.8874. 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 an increase in the US Dollar against the Swiss Franc and a test…

BTC/USD quotes are trading at 87433 and continue to move within the development of a bullish correction and a descending channel. 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 development of a bearish impulse in the asset value from current levels. As part of the cryptocurrency rate forecast for tomorrow, March 6, 2025, we should expect an attempt to develop growth in the value of the digital asset and a test of…