Author: forex24pro

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 1.4665 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below the level of 1.4015. An additional signal in…

Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week near the 157.38 area. The moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from US dollar buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop price growth and test the resistance level near the 159.45 area. Then, a rebound downwards and a continuation of the fall of the pair to the area below the 147.75 level. USD/JPY Forecast January 6 — 10, 2025 An additional…

GOLD ends the trading week with growth near the 2645 area. XAU/USD quotes continue to move within the correction and the formation of the “Triangle” model. Moving averages indicate a bullish trend for Gold. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of price growth. At the moment, we should expect an attempt to develop a decline in prices and a test of the support level near the 2625 area. Next, an upward rebound in prices and continued growth of XAUUSD with a potential target above the level of…

Quotes of the currency pair New Zealand Dollar are ending the trading week with a fall near the level of 0.5598 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 level…

Currency pair Dollar Franc USD/CHF ends the trading week near the 0.9094 level. The pair continues to move within the framework of the growth development and the formation of the “Triangle” model. Moving averages indicate a downward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the American currency and potential continuation of the instrument’s growth from the current levels. At the moment, we should expect an attempt to develop price growth and test the resistance area near the level of 0.9125. Next, a rebound downwards and an attempt to continue…

Bitcoin BTC/USD ends the trading week at 97438 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 84305. From where we should again expect an upward rebound and continued growth of…

Ethereum ETH/USD ends the trading week at the level of 3544 and continues to move within the growth and bullish channel. Moving averages indicate the presence of a bullish trend for ETH/USD. Prices broke through the area between the signal lines upwards, which indicates pressure from cryptocurrency buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a price correction and test the support level near the 3065 area. From where we should again expect an upward rebound and continued growth of the rate and cost of Ethereum with a…

Quotes of Silver XAG/USD end the trading week near the 29.73 area. Quotes continue to move within the development of the correction and the bullish channel. Moving averages indicate the presence of 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 the 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 27.65 area. Further, the continuation of the growth of the price…

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 1.0250. Within the framework of the Forex forecast for January 3, 2025, we should expect…

The Pound/Dollar GBP/USD currency pair continues to move within a strong fall of the correction and a descending channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2368. 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…