Author: forex24pro

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the growth and bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.4417. 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’s growth in the near future. At the moment, it is worth considering an attempt to develop a decline in the Canadian Dollar price and test the support level near the…

XAU/USD quotes continue to move within the framework of the development of the rise and the formation of the “Triangle” model. At the time of publication of the forecast, the price of Gold for today is 2667 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 2685…

The quotes of XAG/USD continue to move within the framework of the development of the fall and the descending channel. At the time of publication of the forecast, the Silver price is 29.70. Moving averages indicate 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 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 30.45 area. From where we should expect…

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 0.5550. At the moment, we should expect an attempt to…

The USD/CHF currency pair continues to move within the development of growth and a bullish channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.9189. 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 asset’s value growth 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 the…

BTC/USD quotes are trading at 93891 and continue to move within the development of the fall and the 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 downwards, which indicates pressure from sellers 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 14, 2025, we should expect an attempt to develop a slight increase in the value of the digital asset and a test…

ETH/USD are trading at 3058 and continue to move within the framework of the development of the fall and the bearish channel. Moving averages indicate the presence of a short-term downward trend in Ether. 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 value of the asset from the current levels. At the moment, we should expect an attempt to develop the growth of the coin and a test of the resistance level near the 3165 area. From where we should again expect 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 $79.31 per barrel area. The moving averages indicate a bearish trend. Prices have broken through the area with signal lines upwards, which indicates pressure from raw material buyers and potential continued 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 74.65. Then, we should consider an upward rebound and continued growth of oil to the area above the level of $85.85 per barrel. BRENT Forecast January 13 — 17, 2025 An additional…

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 1.2395. 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 1.2265. Next, an upward rebound and continued growth of…