Author: forex24pro

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the correction and descending 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 US Dollar exchange rate is 0.6640. At the moment, we should expect an attempt to develop growth and a test of the…

The quotes of the USD/JPY currency pair continue to move within the framework of the development of strong growth and a bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 152.99. 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 24, 2024, we should expect an…

Brent oil quotes continue to move within the development of growth and a bullish channel. At the time of publication of the forecast, the price of Brent crude oil is $ 75.29 per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices are again testing the area between the signal lines, 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 a decline and test the support level near the…

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 1.3837. 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…

XAU/USD quotes continue to move within the development of a strong downward correction and a bullish channel. At the time of publication of the forecast, the price of Gold for today is 2734 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bullish 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 bearish correction and a test of the support level near the 2695 area. From where we…

The quotes of XAG/USD continue to move within the framework of the development of the fall and the bullish channel. At the time of publication of the forecast, the Silver price is 33.96. 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 the price growth from the 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 32.65 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 are again testing the area between the signal lines, 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 0.6050. At the moment, we should expect an attempt to…

The USD/CHF currency pair continues to move within the framework of the growth and bullish channel development. At the time of the Forex forecast publication, the US Dollar to Swiss Franc exchange rate is 0.8674. Moving averages indicate the presence of a short-term bearish 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 decline in the US Dollar against the Swiss Franc and a test of…

BTC/USD quotes are trading at 66472 and continue to move within the development of the correction and the 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 potential continued growth in the value of the asset from the current levels. As part of the cryptocurrency rate forecast for tomorrow, October 24, 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 2574 and continue to move within the framework of the development of the correction and the bullish channel. Moving averages indicate a short-term bullish trend for Ethereum. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continued growth in the asset’s value 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 2455 area. From where we should again expect a rebound in prices upwards and continued growth…