Author: forex24pro

Brent crude oil quotes continue to move within the framework of a downtrend and descending channel. At the time of this forecast’s publication, the price of Brent crude oil is USD 74.47 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices have rebounded from the area between the signal lines, indicating pressure from “Black Gold” sellers and a potential continuation of the asset’s decline from current levels. Currently, we can expect an attempt to develop a bullish correction and test the resistance level near the USD 75.05 per barrel area. After that, a downward rebound and continuation…

The USD/CAD currency pair continues to move within the framework of a bullish correction and a descending channel. At the time of this forecast’s publication, the US Dollar to Canadian Dollar exchange rate is 1.4256. Moving averages indicate a short-term bearish trend for the pair. Prices are once again testing the area between the signal lines, suggesting pressure from sellers and the potential continuation of the pair’s price decline in the near future. Currently, it is worth considering an attempt to develop a bullish correction for the Canadian Dollar and test the resistance level near the 1.4385 area. After that,…

XAU/USD quotes continue to move within the framework of growth development and a bullish channel. At the time of this forecast’s publication, the Gold price is 2938 USD per troy ounce. The moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upwards, signaling pressure from buyers and the potential continuation of growth from current levels. Currently, a bearish correction attempt and a test of the support level near the 2905 USD area are expected. From there, a rebound upwards and continued growth in Gold prices with a potential target of 3065 USD are…

XAG/USD quotes continue to move within the framework of growth development and a descending channel. At the time of this forecast’s publication, the Silver price is USD 32.34. Moving averages indicate an upward trend. Prices broke through the area between the signal lines upwards, indicating buyer pressure and the potential continuation of price growth from current levels. Currently, an attempt to develop a bullish correction in the metal’s price and a test of the resistance level near the USD 32.85 area are expected. From there, a downward price rebound and continued decline in Silver prices with a target below the…

The NZD/USD currency pair continues to move within the framework of a correction and the formation of an “Expanding Formation” pattern. The moving averages indicate a short-term upward trend for the pair. Prices have broken through the area between the signal lines upwards, which signals pressure from buyers of the currency pair and the potential continuation of the instrument’s price increase from current levels. At the time of this Forex forecast, the New Zealand Dollar to US Dollar exchange rate stands at 0.5731. Currently, an attempt to develop an upward movement and test the resistance level near the 0.5765 area…

The USD/CHF currency pair continues to move within the framework of a decline and the formation of the bullish “Wolfe Wave” pattern. At the time of this Forex forecast, the US Dollar to Swiss Franc exchange rate stands at 0.8966. The moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, signaling pressure from sellers and the potential continuation of the asset’s decline from current levels. Currently, it is expected that the US Dollar will attempt to decline against the Swiss Franc and test the support area near the…

The BTC/USD quotes are trading at 90,261 and continue to move within the development of a decline and descending channel. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines downward, signaling pressure from sellers of “Digital Gold” and the potential continuation of the bearish momentum for the asset at current levels. In the forecast for the cryptocurrency’s price tomorrow, February 26, 2025, an attempt to develop a bullish correction of the digital asset’s value is expected, with a test of the resistance level near the 91,685 area. From there, a…

The ETH/USD quotes are trading at 2,428 and continue to move within the development of a decline and the beginning of the “Triangle” pattern formation. Moving averages indicate a short-term bearish trend for Ethereum. Prices have broken through the area between the signal lines downward, signaling pressure from sellers and the potential continuation of the asset’s decline from current levels. At present, an attempt to develop a bullish correction of the coin’s value and test the resistance level near the 2,655 area is expected. From there, a downward rebound is anticipated, followed by a continuation of Ethereum’s price decline with…

The Euro/Dollar currency pair EUR/USD continues to move within the framework of growth development and the formation of the “Triangle” model. The moving averages indicate the presence of a short-term upward trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the European currency and a potential continuation of the growth of the currency pair quotes from the current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.0492. As part of the Forex forecast for February 25, 2025, we…

The Pound/Dollar GBP/USD currency pair continues to move within the development of growth and a bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2644. Moving averages indicate the presence of a short-term bullish trend. Prices broke through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the growth of the instrument. At the moment, we should expect an attempt to develop a bearish correction of the British Pound against the US Dollar and a test of…