Author: forex24pro

BTC/USD quotes are trading at 68619 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 29, 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 2535 and continue to move within the framework of the growth development and have left the boundaries of the descending channel. Moving averages indicate a short-term bearish trend for Ethereum. Prices are testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the asset’s value decline from 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 2425 area. From where we should again expect an upward price rebound and continued…

The Euro Dollar EUR/USD currency pair is finishing the trading week as part of the development of a fall near the level of 1.0822. The moving averages indicate the presence of a bullish 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 quotes and a test of the support area near…

BRENT oil quotes are ending the trading week near the area of ​​74.18 dollars per barrel. Moving averages indicate the presence of a bearish trend. Prices broke through the area with signal lines downwards, which indicates pressure from sellers of raw materials and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop growth and a test of the resistance area near the level of 75.85. Then, we should consider a rebound downwards and a continuation of the fall of oil to the area below the level of 58.45 dollars…

The currency pair Pound/Dollar GBP/USD ends the trading week within the development of a decline and a bullish channel near the level of 1.2979. The moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of the growth of 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 1.2815. 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 0.6627 area. The pair continues to move within the development of a decline and a bullish channel. The moving averages indicate an upward 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 test the support area near the 0.6545 level. Then, an upward rebound and continued growth of AUD/USD…

The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with growth within the formation of the bearish “Wolfe Wave” pattern. The moving averages indicate a bullish 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 1.3915 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below the level of…

Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week near the 151.93 area. The moving averages indicate a bearish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from US dollar buyers and potential continued growth from the current levels. At the moment, we should expect an attempt to develop a bearish price correction and a test of the support level near the 148.65 area. Then, an upward rebound and continued growth of the pair to the area above the 157.45 level. USD/JPY Forecast and Analysis October 28 — November 1,…

GOLD ends the trading week with growth near the 2718 area. XAU/USD quotes continue to move within the growth and bullish 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 a price correction and test the support level near the 2685 area. Next, a price rebound upwards and continued growth of XAUUSD with a potential target above the 3105 level. GOLD Forecast and Analysis October 28 — November…

Quotes of the currency pair New Zealand Dollar are ending the trading week with a fall near the 0.5999 level and are moving within the ascending channel. Moving averages indicate a bullish trend for the pair. 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 from the current levels on the market. At the moment, we should expect an attempt to develop a decline in the currency pair on Forex and a test of the support area near the level of 0.5915.…