Author: forex24pro

GOLD ends the trading week with growth near the 2617 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 test the support level near the 2575 area. Next, an upward price rebound and continued growth of XAUUSD with a potential target above the 3035 level. GOLD Forecast December 30, 2024 — January 3,…

Quotes of the currency pair New Zealand Dollar are ending the trading week with a fall near the level of 0.5629 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 level of 0.9017. The pair continues to move within the framework of growth development and the formation of the “Triangle” model. 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 potential continuation of the instrument’s growth 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 0.9095. Next, a rebound downwards…

Bitcoin BTC/USD ends the trading week at 94058 and continues to move within the development of the fall and the bullish channel. 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 the growth of the coin price and a test of the resistance area near the level of 96265. From where we should again expect a downward rebound and a continuation of the…

Ethereum ETH/USD ends the trading week at the level of 3314 and continues to move within the bearish correction and 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 continuation of growth from current levels. At the moment, we should expect an attempt to develop price growth and test the resistance level near the 3665 area. From where we should again expect a downward rebound and a continuation of the fall in the rate and cost of Ethereum with a…

Quotes of Silver XAG/USD end the trading week near the 29.39 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 continued growth from current levels. At the moment, we should expect an attempt to develop a fall in the asset value and a test of the support level near the 27.65 area. Further, the continuation of the growth of the Silver price with a potential target above…

The Euro/Dollar currency pair EUR/USD continues 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 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 1.0401. As part of the Forex forecast for December 27, 2024, we should expect an…

The Pound/Dollar GBP/USD currency pair continues to move within the fall and descending channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2523. 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 of the resistance area near…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the fall and descending channel. The 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 fall in the value of the instrument from the current levels. At the time of publication of the forecast, the Australian Dollar to the US Dollar exchange rate is 0.6224. At the moment, we should expect an attempt to develop a bullish correction and a…

The quotes of the USD/JPY currency pair continue to move within the framework of the growth development and the bullish channel. At the time of the forecast publication, the US Dollar to Japanese Yen exchange rate is 157.79. 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 US Dollar buyers and a potential continuation of price growth from the current levels. As part of the Japanese Yen exchange rate forecast for December 27, 2024, we should expect an attempt to develop…