The AUD/USD currency pair continues to move within the framework of a decline and descending channel. Moving averages indicate a short-term upward trend. Prices have broken through the area between the signal lines downwards, suggesting pressure from sellers of the currency pair and the potential for a continued decline in the value of the instrument from current levels. At the time of publishing the forecast, the exchange rate of the Australian Dollar to the US Dollar is 0.6312. Currently, we should expect an attempt to develop an upward move and a test of the resistance area near 0.6360. After that,…
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 USD/JPY currency pair continues to move within the framework of a correction and descending channel. At the time of publishing the forecast, the exchange rate of USD to JPY is 149.68. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, suggesting pressure from USD sellers and the potential for continued price decline from the current levels. In the forecast for the Japanese Yen’s exchange rate on February 28, 2025, we should expect an attempt to develop a decline and a test of the support area near 148.25.…
Brent crude oil quotes continue to move within the framework of a decline and descending channel. At the time of publishing the forecast, the price of Brent oil is 72.69 USD per barrel. Moving averages indicate a short-term bearish trend for oil. Prices have rebounded from the area between the signal lines, suggesting pressure from sellers of “Black Gold” and the potential for a continued price decline from the current levels. At this point, we should expect an attempt to develop a bullish correction and a test of the resistance level near 73.85 USD per barrel. After that, a downward…
The USD/CAD currency pair continues to move within the framework of a bullish correction and descending channel. At the time of publishing the forecast, the exchange rate of USD to CAD is 1.4339. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines upwards, suggesting pressure from sellers and the potential for a continued decline of the pair in the near future. At this point, we should consider an attempt to develop a bullish correction in the Canadian Dollar’s price and a test of the resistance level near 1.4465. After…
The XAU/USD quotes continue to move within the framework of a decline and the beginning of the implementation of the “Wedge” pattern. At the time of publishing the forecast, the price of Gold is 2884 USD per Troy ounce. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines downward, suggesting pressure from sellers and the potential for further decline from the current levels. At this point, we should expect an attempt to develop a bullish correction and a test of the resistance level near 2905, from where a downward rebound is expected,…
The XAG/USD quotes continue to move within the framework of a sideways correction and descending channel. At the time of publishing the forecast, the Silver price is 31.77. Moving averages indicate an upward trend. Prices have broken through the area between the signal lines upwards, suggesting pressure from buyers and the potential for continued price growth from the current levels. At this point, we should expect an attempt to develop a bullish correction in the metal’s price and a test of the resistance level near 32.25, from where a price rebound downward is expected, followed by a continuation of the…
The NZD/USD currency pair quotes continue to move within the framework of a decline and the beginning of the “Broadening Formation” pattern implementation. The moving averages indicate the presence of a short-term upward trend for the pair. Prices broke through the area between the signal lines downwards, indicating selling pressure on the currency pair and the potential continuation of the instrument’s price decline from current levels. At the time of the Forex forecast publication, the New Zealand Dollar to US Dollar exchange rate is 0.5682. Currently, a bullish correction attempt and a test of the resistance level near the 0.5725…
The USD/CHF currency pair continues to move within the framework of growth development and the beginning of the “Wolfe Wave” pattern formation. At the time of the Forex forecast publication, the US Dollar to Swiss Franc exchange rate is 0.8984. The moving averages indicate a short-term bearish trend for the pair. Prices are once again testing the area between the signal lines, signaling selling pressure and the potential continuation of the asset’s decline from the current levels. Currently, a decline in the US Dollar against the Swiss Franc and a test of the support area near the 0.8945 level are…
BTC/USD quotes are trading at the 86299 level and continue to move within the framework of a bullish correction and a descending channel. The moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines downward, signaling selling pressure on the “Digital Gold” and the potential continuation of the bearish momentum from the current levels. In the cryptocurrency forecast for tomorrow, February 28, 2025, a bullish correction of the digital asset’s price and a test of the resistance level near the 92665 area are expected. From there, another rebound downwards is anticipated,…
ETH/USD quotes are trading at the 2342 level and continue to move within the downtrend and descending channel. Moving averages indicate a short-term bearish trend for Ethereum. Prices broke through the area between the signal lines downwards, indicating selling pressure and the potential for continued asset price decline from current levels. At the moment, an attempt to develop a bullish correction of the coin and test the resistance level near the 2575 area should be expected. From there, a rebound of prices downward and a continuation of the Ethereum exchange rate decline with a potential target below the 1475 level…