Author: forex24pro

BTC/USD quotes are trading at 101663 and continue to move within the development of growth and a bullish channel. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of “Digital Gold” and potential continued growth in the value of the asset from current levels. As part of the cryptocurrency rate forecast for tomorrow, January 7, 2025, we should expect an attempt to develop a minor correction in the value of the digital asset and a test of the support level near…

ETH/USD are trading at 3683 and continue to move within the growth development and have left the descending correction channel. Moving averages indicate the presence of a short-term bullish trend for Ether. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of the asset’s value growth from the current levels. At the moment, we should expect an attempt to develop a decline in the coin and a test of the support level near the 3575 area. From where we should again expect an upward rebound in prices and a…

The Euro Dollar EUR/USD currency pair ends the trading week with a correction near the level of 1.0282. The pair continues to move in 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 European currency and a probable continuation of the fall from the current levels. As part of the forecast for the Euro exchange rate for the trading week, we should expect an attempt to develop a decline in the EUR/USD pair and a test of the support…

BRENT oil quotes are ending the trading week near the $76.29 per barrel area. Moving averages indicate a bearish trend. Prices are testing the area with signal lines, which indicates pressure from raw material sellers and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a bearish correction and a test of the support area near the level of 74.35. Then, we should consider an upward rebound and continued growth of oil to the area above the level of $84.65 per barrel. BRENT Forecast January 6 — 10, 2025 An…

The currency pair Pound/Dollar GBP/USD is finishing the trading week within the framework of the development of the fall and the bearish channel near the level of 1.2395. The moving averages indicate the presence of a bullish 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 the fall and test the support area near the level of 1.2305. Next, an upward rebound and…

The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6204 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 0.6095 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 1.4665 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below the level of 1.4015. An additional signal in…

Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week near the 157.38 area. The moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from US dollar buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop price growth and test the resistance level near the 159.45 area. Then, a rebound downwards and a continuation of the fall of the pair to the area below the 147.75 level. USD/JPY Forecast January 6 — 10, 2025 An additional…

GOLD ends the trading week with growth near the 2645 area. XAU/USD quotes continue to move within the correction and the formation of the “Triangle” model. Moving averages indicate a bullish trend for Gold. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of price growth. At the moment, we should expect an attempt to develop a decline in prices and a test of the support level near the 2625 area. Next, an upward rebound in prices and continued growth of XAUUSD with a potential target above the level of…

Quotes of the currency pair New Zealand Dollar are ending the trading week with a fall near the level of 0.5598 and are moving within the descending 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 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 decline in the currency pair on Forex and a test of the support area near the level…