Author: forex24pro

Ethereum ETH/USD ends the trading week at the level of 3544 and continues to move within the growth and bullish channel. Moving averages indicate the presence of a bullish trend for ETH/USD. Prices broke through the area between the signal lines upwards, which indicates pressure from cryptocurrency buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a price correction and test the support level near the 3065 area. From where we should again expect an upward rebound and continued growth of the rate and cost of Ethereum with a…

Quotes of Silver XAG/USD end the trading week near the 29.73 area. Quotes continue to move within the development of the correction and the bullish channel. Moving averages indicate the presence of an upward trend for the asset. Prices are testing the area between the signal lines, which indicates pressure from metal buyers and potential continuation of growth from the 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 27.65 area. Further, the continuation of the growth of the price…

The Euro/Dollar currency pair EUR/USD continues to move within the development of a fall and a descending channel. The 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 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 1.0250. Within the framework of the Forex forecast for January 3, 2025, we should expect…

The Pound/Dollar GBP/USD currency pair continues to move within a strong fall of the correction and a descending channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2368. 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 bullish correction of the British Pound against the US Dollar and a test…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the fall and descending channel. The 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 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 0.6195. At the moment, we should expect an attempt to develop a bullish correction and a…

The quotes of the USD/JPY currency pair continue to move within the development of growth and a bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 157.58. 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 US Dollar buyers and potential continuation of price growth from current levels. As part of the forecast of the Japanese Yen exchange rate for January 3, 2025, we should expect an attempt to develop a…

Brent oil quotes Brent crude oil quotes continue to move within the framework of growth development and the beginning of the implementation of the “Triangle” model. At the time of publication of the forecast, the price of Brent oil is $ 75.89 per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of “Black Gold” and a potential continuation of the growth of the asset value from the current levels. At the moment, we should expect an attempt to develop…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the correction and bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.4405. 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 price pair growth in the near future. At the moment, it is worth considering an attempt to develop a decline in the Canadian Dollar price and a test of the support level…

XAU/USD quotes continue to move within the framework of the development of growth and a descending channel. At the time of publication of the forecast, the price of Gold for today is 2655 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 the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 2630 area. From where we should expect an…

The quotes of XAG/USD continue to move within the development of a fall and a descending channel. At the time of publication of the forecast, the Silver price is 29.40. Moving averages indicate the presence of a bearish trend. Prices have broken through the area between the signal lines downwards, 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 growth in the cost of the metal and a test of the resistance level near the 29.55 area. From where we should…