Author: forex24pro

Brent oil quotes Brent crude oil quotes continue to move within the framework of growth development and the beginning of the implementation of the “Triangle” pattern. At the time of publication of the forecast, the price of Brent crude oil is 73.93 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…

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 1.4245. 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 a bearish correction in the Canadian Dollar price and a test of the support…

XAU/USD quotes continue to move within the development of a bullish correction and a bullish channel. At the time of publication of the forecast, the price of Gold today is 2660 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 2675 area. From where we should expect…

The quotes of XAG/USD continue to move within the development of a fall and a descending channel. At the time of publication of the forecast, the Silver price is 30.66. Moving averages indicate the presence of a bearish trend. Prices have broken through the area between the signal lines upwards, 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 31.15 area. From where we should…

The quotes of the currency pair NZD/USD continue to move within the development of a fall and a descending channel. 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 currency pair and a potential continuation of the decline in the instrument’s value from the current levels. At the time of publication of the Forex forecast, the New Zealand Dollar to US Dollar exchange rate is 0.5773. At the moment, we should expect an attempt to continue the growth…

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 0.8931. 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 a bearish correction of the US Dollar against the Swiss Franc and a test…

BTC/USD quotes are trading at 103890 and continue to move within the development of growth and a bullish channel. Moving averages indicate the presence of a short-term upward 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 asset’s value growth from current levels. As part of the cryptocurrency rate forecast for tomorrow, December 17, 2024, we should expect an attempt to develop a decrease in the value of the digital asset and a test of the support level near the 99605…

ETH/USD are trading at 3902 and continue to move within the development of growth and a bullish channel. Moving averages indicate the presence of a short-term upward 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 decline in the asset value from the current levels. At the moment, we should expect an attempt to develop a bearish correction in the coin value and a test of the support level near the 3615 area. From where we should again expect an upward rebound in prices…

The Euro Dollar EUR/USD currency pair ends the trading week as part of the decline development near the level of 1.0490. The pair continues to move within the descending channel. The moving averages indicate the presence of a bearish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from buyers of the European currency and a probable continuation of growth 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…

BRENT oil quotes are ending the trading week near the $73.91 per barrel area. Moving averages indicate a bearish trend. Prices broke through the signal lines downwards, 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 bullish correction and a test of the resistance area near the 71.55 level. Then, we should consider an upward rebound and continued growth in oil to above the $82.45 per barrel level. BRENT Forecast and Analysis December 16 — 20, 2024 An additional signal in…