Quotes of the currency pair New Zealand Dollar are ending the trading week with growth near the 0.5687 level 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 0.5575. Then, an upward rebound…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
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…
Bitcoin BTC/USD ends the trading week at 97224 and continues to move within the development of the correction and the bullish channel. The moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and a potential continuation of the asset’s quotes growth. At the moment, we should expect an attempt to develop a fall in the coin price and a test of the support area near the level of 86065. From where we should again expect an upward rebound and continued growth of the…
Ethereum ETH/USD ends the trading week at 2729 and continues to move within the fall and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices have broken through the area between the signal lines upwards, which indicates pressure from cryptocurrency buyers and potential continued growth from current levels. At the moment, we should expect an attempt to develop a price correction and a test of the support level near the 2075 area. From where we should again expect an upward rebound and continued growth of the rate and cost of Ethereum with a potential target above the 2995…
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…