Author: forex24pro

Brent oil quotes continue to move within the framework of the development of an aggressive bearish correction and the formation of a reversal pattern “Double Bottom”. At the time of publication of the forecast, the price of Brent crude oil is 74.33 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…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within 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 1.3782. 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 growth of the price pair in the near future. At the moment, it is worth considering an attempt to develop a fall in the Canadian Dollar price and a…

XAU/USD quotes continue to move within the development of the correction and the bullish channel. At the time of publication of the forecast, the price of Gold for today is 2692 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 2635 area. From where we should expect an…

The quotes of XAG/USD continue to move within the framework of the development of growth and a bullish channel. At the time of publication of the forecast, the Silver price is 31.72. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continued growth in price from current levels. At the moment, we should expect an attempt to develop a bearish correction in the price of metal and a test of the support level near the 31.60 area. Where we should expect an upward rebound and…

The quotes of the currency pair NZD/USD continue to move within the development of a fall and a bearish channel. The moving averages indicate the presence of a short-term downward 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 in the value of the instrument from the current levels. At the time of publication of the Forex forecast, the New Zealand Dollar to US Dollar exchange rate is 0.6061. 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 0.8651. 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 a 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…

BTC/USD quotes are trading at 67057 and continue to move within the development of the correction and the formation of the “Wedge” reversal pattern. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices have broken through the area between the signal lines, which indicates pressure from buyers of “Digital Gold” and a potential continuation of the growth in the value of the asset from the current levels. As part of the cryptocurrency rate forecast for tomorrow, October 18, 2024, we should expect an attempt to develop growth in the value of the digital asset and a…

ETH/USD are trading at 2606 and continue to move within the framework of the correction development and the formation of the “Triangle” model. Moving averages indicate the presence of a short-term downward trend in Ether. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continued growth in the asset value from the current levels. At the moment, we should expect an attempt to develop a bullish correction in the coin value and a test of the resistance level near the 2655 area. From where we should again expect a downward rebound…

The Euro/Dollar currency pair EUR/USD continues 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 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 1.0889. As part of the Forex forecast for October 17, 2024, we should expect an…

The Pound/Dollar GBP/USD currency pair continues to move within the development of the left the bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.3015. Moving averages indicate the presence of a short-term bullish 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 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 support…