Author: forex24pro

The 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 1.2732. 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 growth of the instrument. At the moment, we should expect an attempt to develop a bearish correction of the British Pound against the US Dollar and a…

The AUD/USD currency pair continues to move within the bullish correction and descending 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 instrument’s value from the current levels. At the time of publication of the forecast, the Australian Dollar to the US Dollar exchange rate is 0.6225. At the moment, we should expect an attempt to develop an increase and test the resistance area near the level of…

The USD/JPY currency pair continue to move within the development of the fall and have left the bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 148.92. 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 fall in prices from the current levels. As part of the forecast of the Japanese Yen exchange rate for March 5, 2025, we should…

Brent crude oil quotes continue to move within the development of a fall and a descending channel. At the time of publication of the forecast, the price of Brent crude oil is 70.63 dollars per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices bounced off the area between the signal lines, 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 bullish correction and a test of the…

The USD/CAD currency pair continues to move within the framework of the development of growth and a descending channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.4417. 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 sellers and a potential continuation of the pair’s fall in the near future. At the moment, it is worth considering an attempt to develop the rise in the Canadian Dollar price and test the resistance level near the…

XAU/USD quotes continue to move within the framework of the growth and descending channel development. At the time of the forecast publication, the price of Gold for today is 2918 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bearish 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 bearish correction and a test of the support level near the 2900 area. From where we should expect an…

XAG/USD quotes continue to move within the framework of the development of the fall and the bullish channel. At the time of publication of the forecast, the Silver price is 31.82. Moving averages indicate an upward trend. Prices are testing the area between the signal lines again, indicating pressure from buyers and potential continued 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 31.35 area. Where should we expect an upward price rebound and continued growth in the Silver…

The NZD/USD currency pair continue to move within the development of the correction and the descending channel. The moving averages indicate the presence of a short-term bearish trend for the pair. 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 Forex forecast, the New Zealand Dollar to the US Dollar exchange rate is 0.5627. At the moment, we should expect an attempt to develop a bullish…

The USD/CHF currency pair continues to move within the development of a fall and a descending channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8909. Moving averages indicate the presence of a short-term bearish 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 current levels. At the moment, we should expect an attempt to develop the rise of the US Dollar against the Swiss Franc and a test of…

BTC/USD quotes are trading at 83865 and continue to move as part of the decline and the beginning of the implementation of the “Triangle” pattern. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices have broken through the area with signal lines downwards, which indicates pressure from sellers of “Digital Gold” and a potential continuation of the development of a bearish impulse in the asset value from current levels. As part of the cryptocurrency rate forecast for tomorrow, March 5, 2025, we should expect an attempt to develop growth in the value of the digital asset…