Author: forex24pro

XAU/USD quotes continue to move within the development of the correction and the descending channel. At the time of publication of the forecast, the price of Gold for today is 2636 dollars per troy ounce. Moving averages indicate the presence of a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the asset 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 level near the 2645 area. From where…

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 30.02. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the price decline from the current levels. At the moment, we should expect an attempt to develop growth in the metal price and a test of the resistance level near the 30.45 area. From where we should expect a…

The quotes of the currency pair NZD/USD continue 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 broke 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 value 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 0.5635. At the moment, we should expect an attempt to…

The USD/CHF currency pair continues to move within the development of a correction and a bullish channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.9044. 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 a potential continuation of the asset’s value growth from the current levels. At the moment, we should expect an attempt to develop a decline in the US Dollar against the Swiss Franc and a…

BTC/USD quotes are trading at 101663 and continue to move within the development of growth and a bullish channel. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of “Digital Gold” and potential continued growth in the value of the asset from current levels. As part of the cryptocurrency rate forecast for tomorrow, January 7, 2025, we should expect an attempt to develop a minor correction in the value of the digital asset and a test of the support level near…

ETH/USD are trading at 3683 and continue to move within the growth development and have left the descending correction channel. Moving averages indicate the presence of a short-term bullish 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 asset’s value growth from the current levels. At the moment, we should expect an attempt to develop a decline in the coin and a test of the support level near the 3575 area. From where we should again expect an upward rebound in prices and a…

The Euro Dollar EUR/USD currency pair ends the trading week with a correction near the level of 1.0282. The pair continues to move in the descending channel. 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 forecast for the Euro exchange rate for the trading week, we should expect an attempt to develop a decline in the EUR/USD pair and a test of the support…

BRENT oil quotes are ending the trading week near the $76.29 per barrel area. Moving averages indicate a bearish trend. Prices are testing the area with signal lines, 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 bearish correction and a test of the support area near the level of 74.35. Then, we should consider an upward rebound and continued growth of oil to the area above the level of $84.65 per barrel. BRENT Forecast January 6 — 10, 2025 An…

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 1.2395. The moving averages indicate the presence of a bullish 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 1.2305. Next, an upward rebound and…

The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6204 area. The pair continues to move within the development of a fall 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 0.6095 level. Then, an upward rebound and continued growth of AUD/USD…