Author: forex24pro

Quotes of Silver XAG/USD end the trading week near the 32.34 area. Quotes continue to move within the development of growth and a bullish channel. Moving averages indicate 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 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 29.95 area. Next, the continuation of the growth of the price of Silver with…

The Euro/Dollar currency pair EUR/USD continues to move within the development of a fall and a bearish channel. The moving averages indicate the presence of a short-term downward trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the European currency and a potential continuation of the fall in 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 1.0365. Within the framework of the Forex forecast for February 7, 2025, we should expect…

The Pound/Dollar GBP/USD currency pair continues to move within the framework of the development of a strong fall and a bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2391. 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 instrument’s fall. At the moment, we should expect an attempt to develop a decline in the British Pound against the US Dollar and…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the decline and the formation of the Head and Shoulders reversal pattern. The moving averages indicate the presence of a short-term bearish trend. Prices are 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 forecast, the Australian Dollar to the US Dollar exchange rate is 0.6264. At the moment, we should expect an attempt to develop…

The quotes of the USD/JPY currency pair continue to move within the development of a fall and a descending channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 152.11. 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 for the Japanese Yen exchange rate for February 7, 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 $ 75.13 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 growth and a bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.4338. Moving averages indicate a short-term bullish trend for the pair. Prices are testing the area between the signal lines, 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 a fall in the Canadian Dollar price and test the support level near…

XAU/USD quotes continue to move within the development of the correction and the ascending channel. At the time of publication of the forecast, the price of Gold for today is 2854 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 2830 area. From where we should expect an…

The quotes of XAG/USD continue to move within the framework of the growth and descending channel. At the time of the forecast publication, the Silver price is 31.99. 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 growth in the metal price and a test of the resistance level near the 32.85 area. From where we should expect a price rebound downwards and a continuation of the…

The quotes of the currency pair NZD/USD continue to move within the framework of growth development and the formation of the reversal model “Head and Shoulders”. The moving averages indicate the presence of a short-term downward 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 0.5658. At the moment,…