Author: forex24pro

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 155.50. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices broke 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 22, 2025, we should…

Brent oil quotes Brent crude oil quotes continue to move within the development of a bearish correction and a bullish channel. At the time of publication of the forecast, the price of Brent crude oil is $78.36 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 upwards, which indicates pressure from buyers of “Black Gold” and potential continued growth 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…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the framework of the correction and the formation of the “Triangle” model. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.4331. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the pair’s decline in the near future. At the moment, it is worth considering an attempt to develop a bullish correction in the Canadian Dollar price and a…

XAU/USD quotes continue to move within the development of growth and an ascending channel. At the time of publication of the forecast, the price of Gold for today is 2743 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 current levels. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the 2735 area. From where we should expect a rebound…

The quotes of XAG/USD continue to move within the framework of the development of growth and the bullish channel. At the time of publication of the forecast, the Silver price is 30.78. Moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from sellers and a potential continuation of the fall in price from the current levels. At the moment, we should expect an attempt to develop a decrease in the cost of the metal and a test of the support level near the 30.25 area. Where…

The quotes of the currency pair NZD/USD continue to move within the development of growth and a bullish channel. The moving averages indicate the presence of a short-term upward trend for the pair. Prices have broken 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 from the current levels. At the time of publication of the Forex forecast, the New Zealand Dollar to US Dollar exchange rate is 0.5668. At the moment, we should expect an attempt to continue the decline and…

The USD/CHF currency pair continues to move within the development of a decline and a descending channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.9063. 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 and a potential continuation of the asset’s fall from the current levels. At the moment, we should expect an attempt to develop an increase in the US Dollar against the Swiss Franc and a test…

BTC/USD quotes are trading at 106849 and continue to move within the framework of growth development and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of “Digital Gold” and a potential continuation of the asset’s value growth from the current levels. As part of the cryptocurrency rate forecast for tomorrow, January 22, 2025, we should expect an attempt to develop an increase in the value of the digital asset and a…

ETH/USD are trading at 3339 and continue to move within the framework of the correction and bearish channel development. Moving averages indicate the presence of a short-term downward trend in Ether. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the asset’s value decline 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 3565 area. From where we should again expect a downward rebound in prices and a continuation of the fall…

The Euro/Dollar currency pair EUR/USD continues to move within the framework of the development of strong growth and the formation of the reversal model “Head and Shoulders”. 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 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 1.0416. As part of the Forex forecast…