Ethereum ETH/USD ends the trading week at 4022 and continues to move within the growth 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 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 3485 area. From where we should again expect an upward rebound and continued growth of the rate and cost of Ethereum with a potential target above the level…
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 Silver XAG/USD end the trading week near the area of 31.09. 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 bearish correction in the asset value and a test of the support level near the 30.10 area. Next, the continuation of the growth of the Silver…
The Euro/Dollar currency pair EUR/USD continues to move within the framework of growth development and completion of the formation of the reversal model “Head and Shoulders”. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are testing the area between the signal lines, 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 1.0575.As part of the Forex forecast for December 6, 2024,…
The Pound/Dollar GBP/USD currency pair continues to move within the growth and the formation of the descending “Wolfe Wave” model. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2754. Moving averages indicate the presence of a short-term bullish trend. Prices broke through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the growth of the instrument. At the moment, we should expect an attempt to develop the rise of the British Pound against the US Dollar and a…
The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the growth and the beginning of the implementation of the bullish model “Wolfe Wave”. 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 0.6442. At the moment, we should expect…
The quotes of the USD/JPY currency pair continue to move within the framework of the development of growth and a descending channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 150.45. 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 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 6, 2024,…
Brent oil quotes Brent crude oil quotes continue to move within the framework of the correction development and the formation of the “Triangle” model. At the time of the forecast publication, the price of Brent crude oil is $ 72.57 per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices are again testing the area between the signal lines, 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 a…
Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the framework of the fall and the formation of the “Head and Shoulders” reversal pattern. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.4030. Moving averages indicate 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…
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 2646 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 an increase and test the resistance level near the 2665 area. From where we should expect a rebound downwards…
The quotes of XAG/USD continue to move within the framework of the correction development and have left the bullish channel. At the time of publication of the forecast, the Silver price is 31.24. 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 a decline in the cost of metal and a test of the support level near the 31.35 area. From where we should…