Author: forex24pro

BTC/USD quotes are trading at 64912 and continue to move as part of the decline and formation of the “Wedge” reversal pattern. Moving averages indicate 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 potential continued growth in the asset’s value from current levels. As part of the cryptocurrency rate forecast for tomorrow, October 16, 2024, we should expect an attempt to develop growth in the value of the digital asset and a test of the resistance level near the 67265 area. From where…

ETH/USD are trading at 2541 and continue to move within the framework of the development of the fall 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 value of the asset from the current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of the coin and a test of the resistance level near the 2675 area. From where we…

The Euro/Dollar currency pair EUR/USD continues to move within the framework of the development of the fall and the development of the Double Top reversal pattern. 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 1.0924. Within the framework of the Forex…

The Pound/Dollar GBP/USD currency pair continues to move within the framework of the decline development and the formation of the “Head and Shoulders” reversal pattern. At the time of the forecast publication, the Pound to US Dollar exchange rate on Forex is 1.3053. 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 fall. At the moment, we should expect an attempt to develop a decline in the British Pound against the US…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the correction and has left the bullish channel. The 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 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 0.6719. At the moment, we should expect an attempt to develop growth and…

The quotes of the USD/JPY currency pair continue 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 Japanese Yen exchange rate is 149.85. 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 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 15, 2024, we should expect an attempt…

Brent oil quotes continue to move within the development of an aggressive bearish correction and a bullish channel. At the time of publication of the forecast, the price of Brent crude oil is $77.84 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 upwards, which indicates pressure from buyers of “Black Gold” and potential continued growth 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 1.3795. 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 the correction and the bullish channel. At the time of publication of the forecast, the price of Gold for today is 2647 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 2620 area. From where we should expect an…

The quotes of XAG/USD continue to move within the framework of the development of the correction and the bullish channel. At the time of publication of the forecast, the Silver price is 31.12. Moving averages indicate a bullish trend. Prices are 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 30.45 area. Where we should expect an upward…