The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with growth 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 1.4275 area. Then, an upward rebound and continued growth of quotes with a target above the level of 1.4965. USD/CAD Weekly Forecast March 3 —…
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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.
Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week with a decline near the 150.03 area. The moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downwards, indicating pressure from sellers of the US dollar and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish price correction and test the resistance level near the 155.95 area. Then, a downward rebound and a continuation of the fall of the pair to the area below the 142.25 level. USD/JPY…
GOLD continue to move within the bullish channel. Moving averages indicate an upward trend for Gold. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of price growth. At the moment, we should expect an attempt to develop a bearish price correction and a test of the support level near the 2835 area. Further, a rebound in prices upwards and continued growth of XAUUSD in the current trading week with a potential target above the 3075 level. GOLD Weekly Forecast March 3 — 7, 2025 An additional signal in favor…
Quotes of the currency pair New Zealand Dollar are ending the trading week with growth near the 0.5799 level. Moving averages indicate a bearish trend for the pair. Prices have broken through the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the fall from the current levels on the market. At the moment, we should expect an attempt to develop a bullish correction of the currency pair on Forex and a test of the resistance area near the level of 0.5775. Then, a rebound downwards and a continuation of…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8997. The pair continues to move within the framework of the correction development and the formation of the “Triangle” model. The moving averages indicate the presence of a bullish trend. Prices have broken through the area between the signal lines, which indicates pressure from buyers of the American currency and a potential continuation of the growth of the instrument from the current levels. At the moment, we should expect an attempt to develop price growth and a test of the resistance area near the level of 0.9115.…
Bitcoin BTC/USD ends the trading week at the level of 79552 and continues to move within the framework of the development of the fall and the beginning of the implementation of the “Triangle” pattern. Moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the asset and a potential continuation of the fall in BTCUSD quotes. At the moment, we should expect an attempt to develop a bullish correction in the coin price and a test of the resistance area near the level of…
Ethereum ETH/USD ends the trading week with a fall at 2113 and continues to leave the bullish channel. Moving averages indicate a downward trend for ETH/USD. Prices have broken through the area between the signal lines downwards, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a bullish price correction and a test of the resistance level near the 2545 area. From where we should again expect a rebound downwards and a continuation of the fall in the rate and cost of Ethereum…
Quotes of Silver XAG/USD end the trading week near the 31.20 area. Quotes continue to move within the framework of the development of the fall and the formation of the reversal pattern “Head and Shoulders”. Moving averages indicate the presence of an upward trend for the asset. Prices are again testing the area between the signal lines, which indicates pressure from metal buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop an increase in the value of the asset and a test of the resistance level near the 32.65…
The EUR/USD currency pair continues to move within the development of a decline and the formation of a “Triangle” pattern. Moving averages indicate a short-term uptrend in the pair. Prices are once again testing the area between the signal lines, indicating pressure from buyers of the European currency and the potential for further growth in the pair’s quotes from current levels. At the time of the forecast’s publication, the Euro to US Dollar exchange rate stands at 1.0492. As part of the Forex forecast for February 28, 2025, an attempt to develop a bearish correction in price and test the…
The GBP/USD currency pair continues to move within the framework of an upward trend and a bullish channel. At the time of publishing the forecast, the exchange rate of the British Pound to the US Dollar on Forex is 1.2675. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines upwards, suggesting pressure from buyers of the currency pair and the potential for a continued rise of the instrument. Currently, we should expect an attempt to develop a bearish correction of the British Pound against the US Dollar and a test of the…