Ethereum ETH/USD ends the trading week at the level of 3314 and continues to move within the bearish correction and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices have broken through the area between the signal lines upwards, which indicates pressure from cryptocurrency buyers and potential continuation of growth from current levels. At the moment, we should expect an attempt to develop price growth and test the resistance level near the 3665 area. From where we should again expect a downward rebound and a continuation of the fall in the rate and cost of Ethereum with a…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
Quotes of Silver XAG/USD end the trading week near the 29.39 area. Quotes continue to move within the development of a bearish correction and a bullish channel. Moving averages indicate an upward trend for the asset. Prices are testing the area between the signal lines, which indicates pressure from metal buyers and potential continued growth from current levels. At the moment, we should expect an attempt to develop a fall in the asset value and a test of the support level near the 27.65 area. Further, the continuation of the growth of the Silver price with a potential target above…
The Euro/Dollar currency pair EUR/USD continues to move within the development of the correction and the descending channel. The moving averages indicate the presence of a short-term 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 potential continuation of the fall in the asset pair quotes from the current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.0401. As part of the Forex forecast for December 27, 2024, we should expect an…
The Pound/Dollar GBP/USD currency pair continues to move within the fall and descending channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2523. 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 a bullish correction of the British Pound against the US Dollar and a test of the resistance area near…
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 value of the instrument from the current levels. At the time of publication of the forecast, the Australian Dollar to the US Dollar exchange rate is 0.6224. At the moment, we should expect an attempt to develop a bullish correction and a…
The quotes of the USD/JPY currency pair continue to move within the framework of the growth development and the bullish channel. At the time of the forecast publication, the US Dollar to Japanese Yen exchange rate is 157.79. 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 US Dollar buyers and a potential continuation of price growth from the current levels. As part of the Japanese Yen exchange rate forecast for December 27, 2024, we should expect an attempt to develop…
Brent oil quotes Brent crude oil quotes continue to move within the growth development and have left the descending channel. At the time of the forecast publication, the price of Brent crude oil is $73.53 per barrel. Moving averages indicate the presence of a short-term bearish 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 level near…
Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the correction and the formation of the “Triangle” model. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.4392. Moving averages indicate 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 continued growth of the price pair 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…
XAU/USD quotes continue to move within the framework of the correction development and the formation of the “Wedge” reversal pattern. At the time of the forecast publication, the price of Gold for today is 2623 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 downwards, which indicates pressure from asset sellers and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop growth and a test of the resistance level near the 2645 area. From…
The quotes of XAG/USD continue to move within the framework of the development of a bullish correction and a descending channel. At the time of publication of the forecast, the Silver price is 29.74. 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 30.25 area. From where we should…