Author: forex24pro

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the fall and left the limits of the bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.4287. 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 test of…

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 2710 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 bearish correction and a test of the support level near the 2695 area. From where we should expect a…

The quotes of XAG/USD continue to move within the framework of the development of growth and a bullish channel. At the time of publication of the forecast, the Silver price is 30.47. 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 decline in the cost of metal and a test of the support level near the 30.15 area. Where should…

The quotes of the currency pair NZD/USD continue to move within the development of growth and a descending channel. 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 currency pair and a potential continuation of the decline in the value of the instrument from the current levels. At the time of publication of the Forex forecast, the New Zealand Dollar to the US Dollar exchange rate is 0.5672. At the moment, we should expect an attempt to continue…

The USD/CHF currency pair continues to move within the framework of the development of the fall and the bullish channel. At the time of the publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.9074. The moving averages indicate the presence of a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers and potential continuation of the asset’s value growth from the current levels. At the moment, we should expect an attempt to develop an increase in the US Dollar against the Swiss…

BTC/USD quotes are trading at 107733 and continue to move within the development of growth and a bullish channel. 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 current levels. As part of the cryptocurrency rate forecast for tomorrow, January 21, 2025, we should expect an attempt to develop a correction in the value of the digital asset and a test of the support level near the 104505…

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…