Author: forex24pro

Brent oil quotes Brent crude oil quotes continue to move within the framework of the correction development and the formation of the “Triangle” model. At the time of the forecast publication, the price of Brent crude oil is $ 72.57 per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices are again testing the area between the signal lines, which indicates pressure from sellers of “Black Gold” 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 a…

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 1.4133. 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 the rise in the Canadian Dollar price and test the resistance level near the 1.4165 area. Next,…

XAU/USD 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 Gold for today is 2656 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 decline and a test of the support level near the 2645 area.…

The quotes of XAG/USD continue to move within the framework of the development of growth and a bullish channel. At the time of publication of the forecast, the price of Silver is 31.61. Moving averages indicate 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 current levels. At the moment, we should expect an attempt to develop a decline in the cost of metal and a test of the support level near the 30.95 area. From where we should expect…

The quotes of the currency pair NZD/USD continue to move within the development of growth 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 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 0.5860. At the moment, we should expect an attempt to continue the development of…

The USD/CHF currency pair continues to move within the development of a correction and a descending channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8789. 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 and a potential continuation of the fall in the asset value from the current levels. At the moment, we should expect an attempt to develop growth in the US Dollar against the Swiss Franc and…

BTC/USD quotes are trading at 98120 and continue to move within the development of the correction and the 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 growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, December 10, 2024, we should expect an attempt to develop a decrease in the value of the digital asset and a test of the support…

ETH/USD are trading at 3847 and continue to move within the framework of the development of the correction and the bullish channel. Moving averages indicate a short-term upward trend in Ethereum. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of the asset’s decline from current levels. At the moment, we should expect an attempt to develop a bearish correction in the coin’s value and a test of the support level near the 3565 area. From where we should again expect an upward rebound in prices and continued growth…

The Euro Dollar EUR/USD currency pair ends the trading week within the framework of growth development near the level of 1.0551. The pair continues to move within the framework of the long-term descending channel. There is still potential for the implementation of the reversal model “Head and Shoulders”. 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…

BRENT oil quotes are ending the trading week near the 71.38 dollar per barrel area. The moving averages indicate a bearish trend. Prices have broken through the area with signal lines downwards, which indicates pressure from raw material sellers and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance area near the 73.65 level. Then, we should consider a rebound downwards and a continuation of the fall of oil to the area below the 61.65 dollar per barrel level. BRENT…