Author: forex24pro

ETH/USD are trading at 3061 and continue to move within the framework of the fall development and the beginning of the “Triangle” model development. Moving averages indicate the presence of a short-term downward trend in Ether. 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 fall from the 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 3145 area. From where we should again expect a downward rebound in prices…

The Euro Dollar EUR/USD currency pair ends the trading week with a correction near the level of 1.0486. The pair continues to move within the growth and has left the descending channel. The 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 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 develop a decline in the EUR/USD quotes and a…

BRENT oil quotes are ending the trading week near the area of ​​77.86 dollars per barrel. Moving averages indicate the presence of a bearish trend. Prices broke through the area with signal lines upwards, which indicates pressure from buyers of raw materials 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 area near the level of 75.05. Then, we should consider an upward rebound and continued growth of oil to the area above the level of 95.05 dollars per barrel. BRENT…

The currency pair Pound/Dollar GBP/USD is finishing the trading week within the framework of the development of the fall and the bearish channel near the level of 1.2424. The moving averages indicate the presence of a downward trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the decline in the British Pound against the US Dollar from the current levels. At this point, we should expect an attempt to develop the fall and test the support area near the level of 1.2145. Next, an upward rebound and…

The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6319 area. The pair continues to move within the development of growth and a descending channel. The moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from asset sellers and a potential continuation of the fall in the value of the currency pair. At the moment, we should expect an attempt to develop a decline and test the support area near the level of 0.6245. Then, an upward rebound and continued growth of AUD/USD…

The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a decline within the bullish channel. The moving averages indicate an 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 growth in the near future. At the moment, we should expect an attempt to develop an increase and test the resistance level near the 1.4485 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below the level of 1.3935. USD/CAD Weekly Forecast…

Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week near the 155.87 area. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upwards, indicating pressure from US dollar buyers and potential continuation of growth from current levels. At the moment, we should expect an attempt to develop price growth and test the resistance level near the 157.25 area. Then, a rebound downwards and continuation of the pair’s fall to the area below the 147.35 level. USD/JPY Weekly Forecast January 27 — 31, 2025 An additional signal in favor of the…

GOLD ends the trading week with growth near the 2772 area. XAU/USD quotes continue to move within the growth and the beginning of the implementation of the “Triangle” pattern. 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 2695 area. Next, a price rebound upwards and continuation of XAUUSD growth with a potential target above the 3085…

Quotes of the currency pair New Zealand Dollar are ending the trading week with growth near the 0.5709 level and have left 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…

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.9056. 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…