Author: forex24pro

The quotes of the USD/JPY currency pair continue to move within the development of the correction and the descending channel. At the time of the publication of the forecast, the US Dollar to Japanese Yen exchange rate is 150.06. The moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast of the Japanese Yen exchange rate for December 3,…

Brent oil quotes Brent crude oil quotes continue to move within the framework of the decline development and the formation of the “Triangle” model. At the time of the forecast publication, the price of Brent crude oil is 72.67 dollars per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices have broken through the area between the signal lines downwards, 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…

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 1.4035. 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 the rise in the Canadian Dollar price and test the resistance level near the…

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 2647 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 growth and a test of the resistance level near the 2685 area. From where we should expect a rebound…

The quotes of XAG/USD continue to move within the framework of the growth development and the formation of the bearish “Wolf Wave” model. At the time of publication of the forecast, the Silver price is 30.59. 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 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 31.05 area. From…

The quotes of the currency pair NZD/USD continue to move within the development of the correction and the beginning of the implementation of the “Wedge” reversal pattern. The moving averages indicate the presence of a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the fall 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 0.5889. At the…

The USD/CHF currency pair continues to move within the framework of growth development and the formation of the “Head and Shoulders” reversal pattern. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8865. Moving averages indicate the presence of a short-term upward trend for the pair. Prices are testing the area between the signal lines, 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 the growth of the US Dollar against the Swiss…

BTC/USD quotes are trading at 95695 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 growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, December 3, 2024, we should expect an attempt to develop a decrease in the value of the digital asset and a test of the support level…

ETH/USD are trading at 3571 and continue to move within the framework of the development of growth and a bullish channel. Moving averages indicate a short-term bullish trend for 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 3265 area. From where we should again expect an upward price rebound and continued growth of the…

The Euro Dollar EUR/USD currency pair ends the trading week as part of the development of a fall near the level of 1.0544. The pair continues to move within the long-term 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…