Author: forex24pro

The Euro/Dollar currency pair EUR/USD continues to move within the development of the Head and Shoulders reversal pattern and a 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 1.0814. As part of the Forex forecast for October 29, 2024,…

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 1.2969. Moving averages indicate the presence of a short-term bearish trend. Prices are testing the area between the signal lines again, indicating pressure from sellers of the currency pair and a potential continuation of the instrument’s decline. At the moment, we should expect an attempt to develop the growth of the British Pound against the US Dollar and a test of the resistance area near the level of…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the fall and bullish 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 0.6602. At the moment, we should expect an attempt to develop a fall and a test…

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 152.57. 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 potential continuation of price growth from current levels. As part of the forecast of the Japanese Yen exchange rate for October 29, 2024, we should expect an attempt to develop a…

Brent oil quotes continue to move as part of the decline and the beginning of the “Head and Shoulders” pattern. At the time of the forecast publication, the price of Brent crude oil is $71.10 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…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the framework of the development of growth and a bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3892. 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 price pair growth in the near future. At the moment, it is worth considering an attempt to develop the growth of the Canadian Dollar price and…

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 correction development and the formation of the “Wedge” reversal pattern. At the time of publication of the forecast, the Silver price is 33.36. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers and potential continuation of price growth from current levels. At the moment, we should expect an attempt to develop a bearish correction in the cost of the metal and a test of the support level near the 32.75 area. Where we should expect an…

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 0.5977. At the moment, we should expect an attempt to…

The USD/CHF currency pair continues to move within the framework of the fall development and has left the bullish channel. At the time of the publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8664. 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 the growth of the US Dollar against the Swiss…