XAG/USD quotes continue their movement within the development of a decline and a downward channel. At the time of the forecast publication, Silver is priced at 31.19. Moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines upward, indicating pressure from buyers and a potential continuation of the price increase from current levels. At the moment, a bullish correction attempt in the price of the metal and a test of the resistance level near the 32.15 area are expected. From there, a price rebound downward and the continuation of the decline…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
The NZD/USD currency pair continues its movement within the development of a decline and a downward channel. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downward, indicating selling pressure on the currency pair and a potential continuation of the decline from current levels. At the time of the Forex forecast publication, the New Zealand Dollar to US Dollar exchange rate is 0.5600. At the moment, a bullish correction attempt and a test of the resistance level near 0.5655 are expected. Then, in the framework of…
The USD/CHF currency pair continues its movement within the development of an uptrend and a descending channel. At the time of the Forex forecast publication, the US Dollar to Swiss Franc exchange rate is 0.9016. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines upward, indicating buying pressure and a potential continuation of the price increase from current levels. At the moment, an attempt to develop an increase in the US Dollar against the Swiss Franc and a test of the resistance area near 0.9065 are…
BTC/USD quotes are trading at 92,476 and continue moving within the framework of an uptrend and bullish channel. Moving averages indicate a short-term bullish trend for Bitcoin. Prices have broken through the signal lines upwards, indicating buying pressure on “Digital Gold” and the potential continuation of the bullish momentum from current levels. As part of the cryptocurrency forecast for tomorrow, March 4, 2025, a bearish correction is expected, with a test of the support level near the 90,305 area. From there, a rebound upwards and an attempt to continue the growth of Bitcoin towards a target above 103,705 should be…
ETH/USD quotes are trading at 2,386 and continue moving within a bullish correction and descending channel. Moving averages indicate a short-term bearish trend for Ethereum. Prices have broken through the signal lines downward, indicating selling pressure and the potential continuation of the asset’s decline from current levels. At the moment, a bullish correction attempt is expected, with a test of the resistance level near 2,570. From there, a downward rebound and the continuation of Ethereum’s decline toward a potential target below 1,545 should be anticipated. Ethereum Forecast and Analysis for March 4, 2025 An additional signal in favor of ETH/USD…
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The Euro Dollar EUR/USD currency pair ends the trading week with a fall near the level of 1.0387. The pair continues to move within the correction and the formation of the “Triangle” pattern. The moving averages indicate a bearish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the European currency and a probable continuation of the fall 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…
BRENT oil quotes are ending the trading week near the area of 72.96 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 bullish correction and a test of the resistance area near the level of 79.45. Then, it is worth considering a rebound downwards and a continuation of the fall in oil to the area below the level…
The currency pair Pound/Dollar GBP/USD is finishing the trading week within the development of a minor bearish correction near the level of 1.2647. The moving averages indicate the presence of a downward trend. Prices are again testing the area between the signal lines, 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 rebound and continued growth of the…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6210 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 0.6345 level. Then, a downward rebound and a…