Author: forex24pro

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 1.2514. Moving averages indicate the presence of a short-term bearish 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 the growth of the instrument. At the moment, we should expect an attempt to develop a decline in the British Pound against the US Dollar and a test of the…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the growth and formation of the reversal pattern “Head and Shoulders”. Moving averages indicate the presence of a short-term bearish trend. 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 forecast, the Australian Dollar to US Dollar exchange rate is 0.6291. At the moment, we should expect an attempt to develop a fall and…

The quotes of the USD/JPY currency pair continue to move within the framework of the development of the fall and the development of the “Triangle” model. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 152.18. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast of the Japanese Yen exchange…

Brent oil quotes continue to move within the development of a decline and a descending channel. At the time of publication of the forecast, the price of Brent crude oil is $ 75.09 per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of “Black Gold” 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 decline and test the support level…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the development of a fall and a bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.4284. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers and potential continuation of the growth of the price pair in the near future. At the moment, it is worth considering an attempt to develop a fall in the Canadian Dollar price and a test…

XAU/USD quotes continue to move within the framework of the development of growth and an ascending channel. At the time of publication of the forecast, the price of Gold for today is 2878 Dollars per Troy Ounce. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 2845 area. From where we should expect an upward rebound and continued…

The quotes of XAG/USD continue to move within the development of growth and a bullish channel. At the time of publication of the forecast, the Silver price is 32.43. Moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of the growth in price from the current levels. At the moment, we should expect an attempt to develop a bearish correction in the cost of the metal and a test of the support level near the 31.85 area. Where should we expect…

The quotes of the currency pair NZD/USD continue to move within the framework of growth development and the formation of the “Head and Shoulders” reversal pattern. The moving averages indicate the presence of a short-term downward trend for the pair. Prices are again 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 0.5698. At the moment,…

The USD/CHF currency pair continues to move within the development of a fall and a bullish channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.9010. 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 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 against the Swiss Franc and a…

BTC/USD quotes are trading at 98020 and continue to move within the framework of the correction and bearish channel development. Moving averages indicate a short-term downward trend for Bitcoin. Prices have broken through the area with signal lines downwards, which indicates pressure from sellers of “Digital Gold” and a potential continuation of the asset’s fall from current levels. As part of the cryptocurrency rate forecast for tomorrow, February 6, 2025, we should expect an attempt to develop growth in the value of the digital asset and a test of the resistance level near the 100305 area. From where we should…