Author: forex24pro

ETH/USD are trading at 3355 and continue to move within the framework of the development of the correction and the bearish channel. Moving averages indicate a short-term downward trend in Ethereum. Prices are testing the area between the signal lines again, indicating pressure from sellers and a potential continuation of the asset’s fall 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 3475 area. From where we should again expect a downward price rebound and a continuation of the Ethereum rate decline with a…

The Euro Dollar EUR/USD currency pair ends the trading week with a correction near the level of 1.0301. The pair continues to move in a downward 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 pair and a test of the support area…

BRENT oil quotes are ending the trading week near the area of ​​81.22 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 raw material buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a bearish correction and test the support area near the level of 75.85. Then, it is worth considering an upward rebound and continued growth of oil to the area above the level of 95.65 dollars per barrel. BRENT Forecast January…

The currency pair Pound/Dollar GBP/USD is finishing the trading week within the development of a fall and a bearish channel near the level of 1.2203. 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 a fall and test the support area near the level of 1.2035. Next, an upward rebound and continued growth of…

The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6196 area. The pair continues to move within the development of a fall 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 0.6035 level. 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 growth 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 1.4545 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below the level of 1.3965. USD/CAD Forecast January 20…

Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week near the 155.64 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 continued growth from current levels. At the moment, we should expect an attempt to develop price growth and test the resistance level near the 157.75 area. Then, a rebound downwards and continued fall of the pair to the area below the 146.95 level. USD/JPY Forecast January 20 — 24, 2025 An additional signal in favor of the fall of…

GOLD ends the trading week with growth near the 2706 area. XAU/USD quotes continue to move within the growth and the beginning of the “Triangle” pattern. Moving averages indicate a bullish trend for Gold. Prices are again testing the area between the signal lines, 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 2675 area. Next, a price rebound upward and continuation of XAUUSD growth with a potential target above the 3025 level. GOLD Forecast January…

Quotes of the currency pair New Zealand Dollar ending the trading week with a correction near the level of 0.5596 and are moving within 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 0.5465.…

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.9118. The pair continues to move within the development of the rise 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 0.9215.…