Author: forex24pro

The quotes of XAG/USD continue to move within the framework of the development of the bullish correction and bearish channel. At the time of publication of the forecast, the Silver price is 30.52. Moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of the price growth from the current levels. At the moment, we should expect an attempt to develop a bullish correction in the metal price and a test of the resistance level near the 30.85 area. From where we…

The quotes of the currency pair NZD/USD continue to move within the development of growth and a bullish channel. The moving averages indicate the presence of a short-term upward trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the growth 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 0.5699. At the moment, we should expect an attempt to continue the decline…

The USD/CHF currency pair continues to move within the development of a bullish correction and a descending channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8967. 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 asset’s fall from current levels. At the moment, we should expect an attempt to develop a bullish correction of the US Dollar against the Swiss Franc and a test of the…

BTC/USD quotes are trading at 98923 and continue to move within the fall. 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 fall in the asset’s value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, January 28, 2025, we should expect an attempt to develop growth in the value of the digital asset and a test of the resistance level near the 101565 area. From where we…

ETH/USD are trading at 3061 and continue to move within the framework of the fall development and the beginning of the “Triangle” model development. 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 asset’s value fall from the 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 3145 area. From where we should again expect a downward rebound in prices…

The Euro Dollar EUR/USD currency pair ends the trading week with a correction near the level of 1.0486. The pair continues to move within the growth and has left 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 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 quotes and a…

BRENT oil quotes are ending the trading week near the area of ​​77.86 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 buyers of raw materials 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 area near the level of 75.05. Then, we should consider an upward rebound and continued growth of oil to the area above the level of 95.05 dollars per barrel. BRENT…

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 1.2424. 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 the fall and test the support area near the level of 1.2145. Next, an upward rebound and…

The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6319 area. The pair continues to move within the development of growth 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 level of 0.6245. 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 a decline 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 1.4485 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below the level of 1.3935. USD/CAD Weekly Forecast…