Author: forex24pro

The Pound/Dollar GBP/USD currency pair continues to move within the framework of the decline and descending channel development. At the time of the forecast publication, the Pound to US Dollar exchange rate on Forex is 1.2210. 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 the fall of the British Pound against the US Dollar and a test of the resistance…

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 instrument’s value from the current levels. At the time of publication of the forecast, the Australian Dollar to the US Dollar exchange rate is 0.6211. At the moment, we should expect an attempt to develop a bullish correction and a test of…

The quotes of the USD/JPY currency pair continue to move within the development of the correction and the bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 155.81. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from US Dollar buyers and a potential continuation of price growth from the current levels. As part of the forecast of the Japanese Yen exchange rate for January 17, 2025, we should expect an attempt to develop…

Brent oil quotes Brent crude oil quotes continue to move within the development of the correction and the bullish channel. At the time of publication of the forecast, the price of Brent crude oil is 81.06 dollars 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 continuation of the growth of the asset value 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 correction and the bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.4375. 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 the fall in the Canadian Dollar price and test the support level near…

XAU/USD quotes continue to move within the framework of growth development and the formation of the “Triangle” model. At the time of publication of the forecast, the price of Gold for today is 2707 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 bullish correction and a test of the resistance level near the 2715 area. From where…

The quotes of XAG/USD continue to move within the framework of the development of a strong bullish correction and a descending channel. At the time of publication of the forecast, the Silver price is 30.77. Moving averages indicate the presence of a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in value from the current levels. At the moment, we should expect an attempt to develop growth in the value of the metal and a test of the resistance level near the area of…

The quotes of the currency pair NZD/USD continue 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 broke through the area between the signal lines downwards, 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 0.5602. At the moment, we should expect an attempt to…

The USD/CHF currency pair continues to move within the development of a correction and a bullish channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.9114. Moving averages indicate 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 fall in the asset value from the current levels. At the moment, we should expect an attempt to develop growth in the US Dollar against the Swiss Franc and a test of…

BTC/USD quotes are trading at 99161 and continue to move within the development of growth and a descending 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 growth in the value of the asset from the current levels. As part of the cryptocurrency rate forecast for tomorrow, January 17, 2025, we should expect an attempt to develop growth in the value of the digital asset and a test of the resistance…