The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with growth 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 1.4405 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below the level of 1.3955. USD/CAD Forecast and Analysis…
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 the currency pair Dollar/Yen USD/JPY are ending the trading week near the 156.63 area. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upwards, indicating pressure from US dollar buyers and potential continued growth from current levels. At the moment, we should expect an attempt to develop price growth and test the resistance level near the 157.65 area. Then, a downward rebound and continued fall of the pair to the area below the 148.75 level. USD/JPY Forecast and Analysis December 23 — 27, 2024 An additional signal in favor of the…
GOLD ends the trading week with growth near the 2627 area. XAU/USD quotes continue to move within the correction and the ascending channel. Moving averages indicate a bullish trend for Gold. Prices are again testing the area between the signal lines, which indicates pressure from buyers and potential continuation of price growth. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 2525 area. Next, a price rebound upward and continuation of XAUUSD growth with a potential target above the 2845 level. GOLD Forecast and Analysis December 23…
Quotes of the currency pair New Zealand Dollar are ending the trading week with a strong fall near the 0.5650 level and are moving within 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 currency pair and a potential continuation of the fall from the current levels on the market. At the moment, we should expect an attempt to develop a decline in the currency pair on Forex and a test of the support area near the 0.5605…
Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8943. The pair continues to move within the framework of growth development and the formation of the “Triangle” model. The moving averages indicate the presence of a downward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the American currency and a potential continuation of the growth of the instrument from the current levels. At the moment, we should expect an attempt to develop price growth and a test of the resistance area near the level of 0.8995.…
Bitcoin BTC/USD ends the trading week at the level of 97154 and continues to move within the development of the correction and the bullish channel. The moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and a potential continuation of the growth of asset quotes. At the moment, we should expect an attempt to develop a fall in the coin price and a test of the support area near the level of 80405. From where we should again expect an upward rebound and…
Ethereum ETH/USD ends the trading week at 3389 and continues to move within a strong bearish correction and a 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 continued growth from current levels. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 2945 area. From where we should again expect an upward rebound and continued growth of the rate and cost of Ethereum with a potential target…
Quotes of Silver XAG/USD end the trading week near the 29.49 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 continuation of growth from current levels. At the moment, we should expect an attempt to develop a fall in the value of the asset and a test of the support level near the 28.45 area. Next, the continuation of the growth of the price of Silver with…
The Euro/Dollar currency pair EUR/USD continues 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 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 1.0403. As part of the Forex forecast for December 20, 2024, we should expect an…
The Pound/Dollar GBP/USD currency pair continues to move within the framework of the fall and the formation of the bullish “Wolfe Wave” pattern. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2599. 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 decline in the British Pound against the US Dollar…