Author: forex24pro

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the fall and bearish 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 0.6565. At the moment, we should expect an attempt to develop growth and a test of…

The quotes of the USD/JPY currency pair continue to move within the development of growth and a bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 153.42. 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 current levels. As part of the forecast of the Japanese Yen exchange rate for October 30, 2024, we should expect an attempt to develop…

Brent oil 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 Brent crude oil is 71.96 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 growth and test the resistance level near…

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 1.3886. 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 continued growth of the price pair in the near future. At the moment, it is worth considering an attempt to develop the fall in the Canadian Dollar price and test the support level near the 1.3865 area. Next,…

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 2730 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bullish trend. Prices are again testing the area between the signal lines, 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 bearish correction and a test of the support level near the 2720 area. From where we…

The quotes of XAG/USD continue to move within the framework of the growth development and the beginning of the implementation of the “Wedge” reversal pattern. At the time of publication of the forecast, the Silver price is 34.04. Moving averages indicate the presence of a bullish trend. Prices broke through the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of the growth in value from the current levels. At the moment, we should expect an attempt to develop a bearish correction in the value of the metal and a test of the support…

The quotes of the currency pair NZD/USD continue to move within the development of a fall and a descending channel. 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 0.5974. At the moment, we should expect an attempt to…

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 0.8672. 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 current levels. At the moment, we should expect an attempt to develop a decline in the US Dollar against the Swiss Franc and a test of the…

BTC/USD quotes are trading at 71277 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, October 30, 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 2626 and continue to move within the framework of the growth and descending channel development. Moving averages indicate the presence of a short-term bearish 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 asset’s value growth from the 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 2575 area. From where we should again expect an upward rebound in prices and…