Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the growth 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 1.4068. 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 and test the…
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.
XAU/USD 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 Gold for today is 2654 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 a decline and a test of the support level near the 2635 area. From where we…
The quotes of XAG/USD continue to move within the framework of the development of the correction and the bullish channel. At the time of publication of the forecast, the Silver price is 31.37. 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 the metal and a test of the support level near the 30.25 area. Where should we…
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” model. 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 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 0.5854. At the moment,…
The USD/CHF currency pair continues to move within the framework of the decline and the formation of the “Head and Shoulders” reversal pattern. At the time of the publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8845. 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 continued growth in the asset value from current levels. At the moment, we should expect an attempt to develop growth in the US Dollar against the Swiss Franc…
BTC/USD quotes are trading at 95962 and continue to move within the development of a sideways correction and the formation of the “Triangle” pattern. 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 5, 2024, we should expect an attempt to develop a decrease in the value of the digital asset and a…
ETH/USD are trading at 3840 and continue to move within the framework of the growth and bullish channel development. Moving averages indicate the presence of a short-term upward trend in Ether. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of the decline in the asset value from the current levels. At the moment, we should expect an attempt to develop a bearish correction in the coin value and a test of the support level near the 3605 area. From where we should again expect an upward rebound in…
The Euro/Dollar currency pair EUR/USD continues to move within the framework of the correction development and the formation of the “Head and Shoulders” reversal pattern. 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 1.0534. As part of the Forex forecast for…
The Pound/Dollar GBP/USD currency pair continues to move within the fall and the descending channel. At the time of the forecast publication, the Pound to US Dollar exchange rate on Forex is 1.2658. 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 instrument’s fall. At the moment, we should expect an attempt to develop an increase in the British Pound against the US Dollar and a test of the support area near…
The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the fall and the formation of the “Wedge” reversal pattern. 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 0.6472. At the moment, we should expect an attempt to develop…