Author: forex24pro

The quotes of XAG/USD 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 31.97. 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 decline in the metal price and a test of the support level near the 31.35 area. From where we should expect an upward price rebound 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 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 Forex forecast, the New Zealand Dollar to the US Dollar exchange rate is 0.5658. At the moment, we…

The USD/CHF currency pair continues to move within the framework of the development of growth 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 0.9098. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the asset value from the current levels. At the moment, we should expect an attempt to develop a fall in the US Dollar…

BTC/USD quotes are trading at 97800 and continue to move within the development of the correction and the formation of the “Triangle” model. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices broke 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 11, 2025, we should expect an attempt to develop growth in the value of the digital asset and a test of…

ETH/USD re trading at 2658 and continue to move within the development of the fall and the descending channel. Moving averages indicate the presence of a short-term bearish trend for Ether. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers 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 of the coin and a test of the resistance level near the 2875 area. From where we should again expect a downward rebound…

The Euro Dollar EUR/USD currency pair ends the trading week with a fall near the level of 1.0393. The pair continues to move within the framework of the decline and the formation of the reversal pattern “Head and Shoulders”. The moving averages indicate the presence of a bearish trend for the pair. Prices broke 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…

BRENT oil quotes are ending the trading week near the 74.86 dollar per barrel area. The moving averages indicate a bearish trend. Prices have broken through the area with signal lines downwards, which indicates pressure from raw material sellers and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a decline and a test of the support area near the 71.75 level. Then, we should consider an upward rebound and continued growth of oil to the area above the 88.65 dollar per barrel level. BRENT Weekly Forecast February 10…

The currency pair Pound/Dollar GBP/USD is finishing the trading week within the framework of the decline and bearish channel development near the level of 1.2460. The moving averages indicate the presence of a downward trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the decline in the British Pound against the US Dollar exchange rate from the current levels. At this point, we should expect an attempt to develop a decline and test the support area near the level of 1.2375. Next, an upward rebound and continued…

The currency pair Australian Dollar to US Dollar AUD/USD is ending the trading week near the 0.6294 area. The pair continues to move within the framework of the correction development and the formation of the “Head and Shoulders” reversal pattern. 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 decline and test the support area near the 0.6135 level. Then,…

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 an increase and test the resistance level near the 1.4495 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below the level of 1.3645. USD/CAD Weekly Forecast February…