Author: forex24pro

XAU/USD quotes continue to move within the framework of the development of the fall and the beginning of the implementation of the “Wedge” pattern. At the time of publication of the forecast, the price of Gold for today is 2912 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 downwards, which indicates pressure from sellers of the asset 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…

XAG/USD quotes continue to move within the framework of the development of the fall and the descending channel. At the time of publication of 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, 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 bullish correction in the metal price and a test of the resistance level near the 32.35 area. From where we should expect a price rebound downwards and…

The NZD/USD currency pair continue to move within the development of the fall and the beginning of the implementation of the “Wedge” pattern. 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, 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 0.5731. At the moment, we should expect…

The USD/CHF currency pair continues to move within the framework of the development of the fall and the formation of the “Wedge” reversal pattern of the “Wolf Wave” model. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8966. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the asset’s fall from the current levels. At the moment, we should expect an attempt to develop a…

The BTC/USD quotes are trading at 87765 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 Bitcoin. Prices broke through the area with signal lines downwards, which indicates pressure from sellers of “Digital Gold” and a potential continuation of the development of a bearish impulse in the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, February 27, 2025, we should expect an attempt to develop a bullish correction in the value of the digital asset and a…

The ETH/USD quotes are trading at 2431 and continue to move within the framework of the development of the fall and the descending channel. Moving averages indicate a short-term bearish trend for Ethereum. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the asset’s fall from 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 2585 area. From where we should again expect a downward rebound in prices and a…

Germany’s GDP in the fourth quarter of 2024 decreased by 0.2% compared to the previous three months, matching preliminary data and expert forecasts. Consumer spending rose by 0.1%, government spending by 0.4%, and gross fixed capital investment also increased by 0.4%. On an annual basis, the economy contracted by 0.2% following a 0.3% decline in 2023. Investors are expecting the new government to introduce growth-stimulating measures, including reducing energy costs, investing in infrastructure, and abandoning the debt brake. EUR/USD forecast Euro Dollar for February 26, 2025 The EUR/USD currency pair continues to move within the growth development and bullish channel.…

The GBP/USD currency pair continues to move within the development of growth and a bullish channel. At the time of the forecast publication, the British Pound to US Dollar exchange rate on Forex is 1.2629. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upwards, indicating pressure from buyers of the currency pair and the potential continuation of the instrument’s growth. Currently, a bearish correction attempt of the British Pound against the US Dollar and a test of the support area near the 1.2555 level are expected. From there, a rebound of the…

The AUD/USD currency pair continues its upward movement, forming a reversal “Head and Shoulders” pattern. Moving averages indicate a short-term bullish trend. Prices are once again testing the area between the signal lines, signaling buyer pressure and a potential continuation of the instrument’s decline from current levels. At the time of this forecast’s publication, the Australian Dollar to US Dollar exchange rate stands at 0.6347. Currently, we can expect an attempt to rise and test the resistance area near the 0.6385 level. Then, a price rebound downward and a continuation of the decline towards the area below 0.6225. Australian Dollar…

The USD/JPY currency pair quotes continue to move within the framework of a minor correction and a descending channel. At the time of the forecast publication, the US Dollar to Japanese Yen exchange rate is at 149.70. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downward, indicating pressure from US Dollar sellers and the potential continuation of the price decline from current levels. As part of the Japanese Yen exchange rate forecast for February 26, 2025, an attempt to rise and test the resistance area near the 149.85…