Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week with a fall near the 154.80 area. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, indicating pressure from US dollar buyers and potential continued growth from current levels. At the moment, we should expect an attempt to develop price growth and test the resistance level near the 156.85 area. Then, a downward rebound and continued fall of the pair to the area below the 142.35 level. USD/JPY Weekly Forecast February 3 — 7, 2025 An additional signal in favor of the…
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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.
GOLD ends the trading week with growth near the 2806 area. XAU/USD quotes continue to move within the growth and the beginning of the implementation of the “Triangle” model. Moving averages indicate a bullish trend for Gold. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of price growth. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 2765 area. Next, a price rebound upwards and continuation of XAUUSD growth with a potential target above the 3125…
Quotes of the currency pair New Zealand Dollar are ending the trading week with growth near the 0.5669 level within the descending channel. Moving averages indicate a bearish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the currency pair and a potential continuation of the fall from the current levels on the market. At the moment, we should expect an attempt to develop a fall in the currency pair on Forex and a test of the support area near the level of 0.5565. Then, an upward rebound…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.9088. The pair continues to move within the framework of the correction development and the formation of the “Triangle” model. The moving averages indicate the presence of a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the American currency and a potential continuation of the growth of the instrument from the current levels. At the moment, we should expect an attempt to develop price growth and a test of the resistance area near the level of…
Bitcoin BTC/USD ends the trading week at the level of 104664 and continues to move within the development of the rise and the bullish channel. The moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and a potential continuation of the growth of asset quotes. At the moment, we should expect an attempt to develop a fall in the coin price and a test of the support area near the level of 92245. From where we should again expect an upward rebound and…
Ethereum ETH/USD ends the trading week at 3386 and continues to move within the growth and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices have broken through the area between the signal lines upwards, which indicates pressure from cryptocurrency buyers and potential continued growth from current levels. At the moment, we should expect an attempt to develop a price correction and a test of the support level near the 3105 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…
Quotes of Silver XAG/USD end the trading week near the 31.39 area. Quotes continue to move within the development of the correction and the bullish channel. Moving averages indicate the presence of an upward trend for the asset. Prices broke 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 a fall in the value of the asset and a test of the support level near the 29.75 area. Next, the continuation of the growth of the…
The Euro/Dollar currency pair EUR/USD continues to move within the development of a sideways correction and a bullish channel. The 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 of the European currency and a 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 1.0424. Within the framework of the Forex forecast for January 31, 2025, we should expect an…
The Pound/Dollar GBP/USD currency pair continues to move within the framework of the development of the correction and the bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2462. 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 potential continuation of the instrument’s growth. At the moment, we should expect an attempt to develop a fall in the British Pound against the US Dollar exchange rate and…
The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the correction and bullish channel. The moving averages indicate the presence of a short-term bearish trend. Prices have broken 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 forecast, the Australian Dollar to the US Dollar exchange rate is 0.6234. At the moment, we should expect an attempt to develop a fall and a test…