The quotes of XAG/USD continue to move within the framework of growth development and have left the descending channel. At the time of the forecast publication, the Silver price is 31.28. 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 30.85 area. From where we should expect an upward price rebound…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
The quotes of the currency pair NZD/USD continue to move within the development of the correction and bearish channel. The moving averages indicate the presence of a short-term downward 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 US Dollar exchange rate is 0.5572. At the moment, we should expect an attempt to continue the…
The USD/CHF currency pair continues to move within the framework of the growth and bullish channel development. At the time of the publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.9151. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of the asset’s value growth from the current levels. At the moment, we should expect an attempt to develop the growth of the US Dollar against the Swiss Franc and a…
BTC/USD quotes are trading at 94574 and continue to move within the development of the correction and bearish channel. Moving averages indicate the presence of a short-term downward trend for Bitcoin. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of “Digital Gold” and a potential continuation of the fall in the value of the asset from the current levels. As part of the cryptocurrency rate forecast for tomorrow, February 4, 2025, we should expect an attempt to develop growth in the value of the digital asset and a test of the resistance…
ETH/USD are trading at 2571 and continue to move within the framework of the development of the correction 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 value decline from current levels. At the moment, we should expect an attempt to develop the coin’s growth and a test of the resistance level near the 2925 area. From where we should again expect a downward price rebound and a continuation of the Ethereum rate…
The Euro Dollar EUR/USD currency pair ends the trading week with a fall near the level of 1.0398. The pair continues to move within the framework of the decline and the formation of the reversal pattern “Head and Shoulders”. The moving averages indicate the presence of a bearish trend for the pair. Prices broke through the area between the signal lines downwards, which indicates pressure from sellers of the European currency and a probable continuation of the fall from the current levels. As part of the Euro exchange rate forecast for the trading week, we should expect an attempt to…
BRENT oil quotes are ending the trading week near the area of 75.68 dollars per barrel. Moving averages indicate the presence of a bearish trend. Prices broke through the area with signal lines downwards, which indicates pressure from sellers of raw materials and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a decline and a test of the support area near the level of 71.45. Then, it is worth considering an upward rebound and continued growth of oil to the area above the level of 92.05 dollars per…
The currency pair Pound/Dollar GBP/USD is finishing the trading week within the framework of the decline and bearish channel development near the level of 1.2439. The moving averages indicate the presence of a downward trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the decline in the British Pound against the US Dollar exchange rate from the current levels. At this point, we should expect an attempt to develop a decline and test the support area near the level of 1.2265. Next, an upward rebound and continued…
The currency pair Australian Dollar to US Dollar AUD/USD is finishing the trading week near the 0.6246 area. The pair continues to move within the correction and descending channel development. The moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from asset sellers and a potential continuation of the fall in the value of the currency pair. At the moment, we should expect an attempt to develop a decline and test the support area near the 0.6115 level. Then, an upward rebound and continued growth of AUD/USD with a…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with growth within the bullish channel. The moving averages indicate an upward 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 growth in the near future. At the moment, we should expect an attempt to develop an increase and test the resistance level near the 1.4545 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below the level of 1.3925. USD/CAD Weekly Forecast February…