The USD/CHF currency pair continues to move within the development of growth and a bullish channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8931. 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 asset’s value growth from the current levels. At the moment, we should expect an attempt to develop a bearish correction of the US Dollar against the Swiss Franc and a test…
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.
BTC/USD quotes are trading at 103890 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 asset’s value growth from current levels. As part of the cryptocurrency rate forecast for tomorrow, December 17, 2024, we should expect an attempt to develop a decrease in the value of the digital asset and a test of the support level near the 99605…
ETH/USD are trading at 3902 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 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 3615 area. From where we should again expect an upward rebound in prices…
The Euro Dollar EUR/USD currency pair ends the trading week as part of the decline development near the level of 1.0490. The pair continues to move within the 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 pair and a…
BRENT oil quotes are ending the trading week near the $73.91 per barrel area. Moving averages indicate a bearish trend. Prices broke through the signal lines downwards, which indicates pressure from raw material sellers and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance area near the 71.55 level. Then, we should consider an upward rebound and continued growth in oil to above the $82.45 per barrel level. BRENT Forecast and Analysis December 16 — 20, 2024 An additional signal in…
The currency pair Pound/Dollar GBP/USD ends the trading week within the development of a fall and a bearish channel near the level of 1.2640. The moving averages indicate the presence of a downward trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the decline in the British Pound against the US Dollar from the current levels. At this point, we should expect an attempt to develop a decline and test the support area near the level of 1.2455. Next, an upward rebound and continued growth of Pound…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6365 area. The pair continues to move within the development of a fall and a descending channel. The moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from asset sellers and a potential continuation of the fall in the value of the currency pair. At the moment, we should expect an attempt to develop a decline and a test of the support area near the 0.6285 level. Then, an upward rebound and continued growth…
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 1.4285 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below the level of 1.3945. USD/CAD Forecast and Analysis…
Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week near the 153.45 area. The moving averages indicate a bullish trend. Prices have once again 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 a price increase and a test of the resistance level near the 155.25 area. Then, a downward rebound and a continuation of the fall of the pair to the area below the 143.85 level. USD/JPY Forecast and Analysis…
GOLD ends the trading week with growth near the 2667 area. XAU/USD quotes continue to move within the rise and ascending channel. Moving averages indicate a bullish trend for Gold. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of price growth. At the moment, we should expect an attempt to develop price growth and a test of the resistance level near the 2765 area. Next, a downward price rebound and a continuation of the fall of XAUUSD with a potential target below the 2285 level. GOLD Forecast and Analysis…