Author: forex24pro

The quotes of the USD/JPY currency pair continue to move within the development of the fall and the descending channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 154.70. 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 February 4, 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 $76.81 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 a test of the support…

Currency pair US Dollar Canadian Dollar USD/CAD 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 US Dollar to Canadian Dollar exchange rate is 1.4665. 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 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 2810 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 2775 area. From where we should expect an…

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…

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…