Author: forex24pro

The quotes of the USD/JPY currency pair continue to move within the development of the decline and the descending channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 154.32. 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 rate for January 31, 2025, we…

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 76.14 dollars per barrel. Moving averages indicate the presence of a short-term bullish 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 framework of the development of the correction and the formation of the “Diamond” model. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.4408. Moving averages indicate 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 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…

XAU/USD quotes continue to move within the framework of the growth development and the ascending channel. At the time of the forecast publication, the price of Gold for today is 2791 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 2770 area. From where we should expect an…

The quotes of XAG/USD continue to move within the framework of the development of strong growth and a bullish channel. At the time of the forecast publication, the Silver price is 31.56. 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 31.05 area. Where should we expect a price rebound upwards…

The quotes of the currency pair NZD/USD continue to move within the development of a fall and a bullish channel. The moving averages indicate the presence of a short-term upward 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 the US Dollar exchange rate is 0.5655. At the moment, we should expect an attempt to…

The USD/CHF currency pair continues to move within the framework of the development of a bullish correction and a descending channel. At the time of the publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.9075. The 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 continued growth in the asset value from the current levels. At the moment, we should expect an attempt to develop a bullish correction of the US Dollar…

BTC/USD quotes are trading at 101925 and continue to move within the growth and bullish channel. Moving averages indicate the presence of a short-term upward trend for Bitcoin. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of “Digital Gold” and potential continued growth in the asset’s value from current levels. As part of the cryptocurrency rate forecast for tomorrow, January 31, 2025, we should expect an attempt to develop a fall in the value of the digital asset and a test of the support level near the 103065 area. From where we…

ETH/USD are trading at 3099 and continue to move within the framework of the development of the correction and the formation of the “Wedge” reversal pattern. Moving averages indicate a short-term bearish trend for Ethereum. Prices are testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the asset’s fall from current levels. At the moment, we should expect an attempt to develop a decline in the coin and a test of the support level near the 3105 area. From where we should again expect an upward price rebound and continued growth of…

The Euro/Dollar currency pair EUR/USD continues to move within the development of the correction and the 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 1.0407. Within the framework of the Forex forecast for January 30, 2025, we should expect an attempt…