Author: forex24pro

ETH/USD are trading at 2764 and continue to move within the development of the correction 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 asset’s value decline 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 2965 area. From where we should again expect a downward rebound in prices and a…

The Euro/Dollar currency pair EUR/USD continues to move within the framework of growth development and a bearish channel. 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 European currency and a potential continuation of the fall in the asset pair quotes from the current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.0373. As part of the Forex forecast for February 5, 2025, we should expect an attempt…

The Pound/Dollar GBP/USD currency pair continues to move within the framework of the development of growth and the formation of the reversal model “Head and Shoulders”. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2455. Moving averages indicate the presence of a short-term bearish trend. Prices are testing the area between the signal lines again, which indicates pressure from sellers of the currency pair and a potential continuation of the instrument’s fall. At the moment, we should expect an attempt to develop a decline in the British Pound against the…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the growth and formation of the Double Bottom reversal pattern. The moving averages indicate the presence of a short-term bearish trend. 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 forecast, the Australian Dollar to the US Dollar rate is 0.6236. At the moment, we should expect an attempt to develop a fall…

The quotes of the USD/JPY currency pair continue to move within the framework of the development of the decline and the formation of the “Triangle” pattern. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 154.79. 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 framework of the development of growth and a downward correction channel. At the time of publication of the forecast, the price of Brent crude oil is 76.14 dollars per barrel. Moving averages indicate the presence of a short-term bullish trend for oil. Prices broke 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 a test…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the framework of the development of the fall and the bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.4361. 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 continued growth of the price pair in the near future. At the moment, it is worth considering an attempt to develop the rise in the Canadian Dollar price and test…

XAU/USD quotes continue to move within the development of growth and an ascending channel. At the time of publication of the forecast, the price of Gold for today is 2841 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 upwards, which indicates pressure from asset buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and a test of the support level near the 2825 area. From where we should expect an upward…

The quotes of XAG/USD continue to move within the framework of the growth and bullish channel development. At the time of the forecast publication, the Silver price is 32.12. The 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 bearish correction in the metal price and a test of the support level near the 31.65 area. Where should we expect a price rebound upwards and continued growth…

The quotes of the currency pair NZD/USD continue to move within the development of growth and a bearish channel. The moving averages indicate the presence of a short-term downward trend for the pair. Prices have broken 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 from the current levels. At the time of publication of the Forex forecast, the New Zealand Dollar to US Dollar exchange rate is 0.5637. At the moment, we should expect an attempt to continue the development of…