Author: forex24pro

The Pound/Dollar GBP/USD currency pair continues to move within the development of the correction and the descending channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2425. Moving averages indicate the presence of a short-term bullish trend. 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 of the instrument. At the moment, we should expect an attempt to develop a bullish correction of the British Pound against the US Dollar and a test…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the correction and formation of the Head and Shoulders reversal pattern. The moving averages indicate the presence of a short-term bearish trend. Prices are 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 forecast, the Australian Dollar to US Dollar rate is 0.6268. At the moment, we should expect an attempt to develop a fall and…

The quotes of the USD/JPY currency pair continue to move within the growth development and have left the descending channel. At the time of the forecast publication, the US Dollar to Japanese Yen exchange rate is 154.52. 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 US Dollar buyers and a potential continuation of price growth from the current levels. As part of the Japanese Yen exchange rate forecast for February 13, 2025, we should expect an attempt to develop…

Brent oil quotes continue to move within the framework of the correction development and the formation of the “Head and Shoulders” reversal pattern. At the time of the forecast publication, the price of Brent crude oil is $75.69 per barrel. Moving averages indicate the presence of a short-term bullish trend for oil. Prices have broken through the area between the signal lines downwards, 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 decline…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the framework of the development of the correction and the formation of the “Triangle” model. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.4299. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers and potential continuation of the price pair growth in the near future. At the moment, it is worth considering an attempt to develop a fall in the Canadian Dollar…

XAU/USD quotes continue to move within the development of the correction and the ascending channel. At the time of publication of the forecast, the price of Gold for today is 2894 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 2865 area. From where we should expect an…

The quotes of XAG/USD continue to move within the framework of the correction and bullish channel development. At the time of the forecast publication, the Silver price is 32.10. 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 cost of metal and a test of the support level near the 31.65 area. Where should we expect a price rebound upwards and continued…

The quotes of the currency pair NZD/USD continue to move within the development of the correction and the formation of the reversal model “Head and Shoulders”. The moving averages indicate the presence of a short-term downward trend for the pair. Prices broke 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 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 0.5626. At the moment,…

The USD/CHF currency pair continues to move within the framework of the growth development and the formation of the “Triangle” model. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.9132. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices broke through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of the asset’s value growth from the current levels. At the moment, we should expect an attempt to develop the fall of the US Dollar against the Swiss Franc…

BTC/USD quotes are trading at 95383 and continue to move within the development of the correction and the 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 fall in the value of the asset from the current levels. As part of the cryptocurrency rate forecast for tomorrow, February 13, 2025, we should expect an attempt to develop growth in the value of the digital asset and a test of the resistance…