Author: forex24pro

Ethereum ETH/USD ends the trading week at 2773 and continues to move within the fall and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices have broken through the area between the signal lines downwards, indicating pressure from cryptocurrency sellers and potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a price correction and test the support level near the 2415 area. From where we should again expect an upward rebound and continued growth of the rate and cost of Ethereum with a potential target above the level of…

Quotes of Silver XAG/USD are ending the trading week near the 32.89 area. Quotes continue to move within the framework of growth development and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate the presence of an upward trend for the asset. Prices have broken through the area between the signal lines upwards, which indicates pressure from metal buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop growth in the asset value and a test of the resistance level near the 33.75 area. Further, the continuation…

The Euro/Dollar currency pair EUR/USD continues to move within the framework of the growth and bullish channel development. 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 potential continuation of the growth of 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 1.0449. Within the framework of the Forex forecast for February 21, 2025, we should expect an…

The Pound/Dollar GBP/USD currency pair continues to move within the framework of 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 1.2617. 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 instrument’s growth. At the moment, we should expect an attempt to develop a bearish correction of the British Pound against the US Dollar and a test…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the growth and bullish channel. The moving averages indicate the presence of a short-term upward trend. 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 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 exchange rate is 0.6347. At the moment, we should expect an attempt to develop a correction and test the…

The quotes of the USD/JPY currency pair 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 US Dollar to Japanese Yen exchange rate is 149.97. 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 of the US Dollar and a potential continuation of the price fall from the current levels. As part of the forecast of the Japanese Yen exchange rate for February 21,…

Brent oil quotes continue to move within the framework of growth development and the formation of the “Double Bottom” reversal model. At the time of publication of the forecast, the price of Brent crude oil is 76.04 dollars 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 upwards, which indicates pressure from buyers of “Black Gold” 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 correction and test the…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the framework of the development of the fall and the descending channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.4197. Moving averages indicate 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 pair’s decline in the near future. At the moment, it is worth considering an attempt to develop a bullish correction in the Canadian Dollar price and a…

XAU/USD quotes continue to move within the development of growth and a bullish channel. At the time of publication of the forecast, the price of Gold for today is 2944 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 current levels. At the moment, we should expect an attempt to develop a decline and a test of the support level near the 2935 area. From where we should expect an upward rebound…

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 33.06. 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 32.65 area. Where should we expect a price rebound upwards and continued growth…