Author: forex24pro

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 the US Dollar exchange rate is 0.6088. At the moment, we should expect an attempt…

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 0.8628. 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 65823 and continue to move within the development of growth and a bullish channel. 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 of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, October 15, 2024, we should expect an attempt to develop a bearish correction in the value of the digital asset and a test of the support level…

ETH/USD are trading at 2631 and continue to move within the framework of the growth development and have left the boundaries of the descending channel. Moving averages indicate the presence of a short-term downward trend in Ethereum. 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 current levels. At the moment, we should expect an attempt to develop a bearish correction in the coin value and a test of the support level near the 2515 area. From where we should again expect an upward…

The Euro Dollar EUR/USD currency pair is finishing the trading week as part of the development of a decline near the level of 1.0943. The moving averages indicate the presence of a bullish trend for the pair. Prices are again testing the area between the signal lines, 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 the…

BRENT oil quotes are ending the trading week near the area of ​​78.86 dollars per barrel. Moving averages indicate the presence of a bearish trend. Prices are again testing the area with signal lines, 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 80.35. Then, it is worth considering a rebound downwards and a continuation of the fall in oil to the area below the level of 69.05…

The currency pair Pound/Dollar GBP/USD ends the trading week within the development of a correction and a bullish channel near the level of 1.3069. 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 1.2965. 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 0.6755 area. The pair continues to move within the development of growth and a bullish channel. The moving averages indicate an upward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and a potential continuation of the growth of the currency pair. At the moment, we should expect an attempt to develop a fall and test the support area near the 0.6645 level. Then, an upward rebound and continued growth of AUD/USD with a potential target…

The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a strong growth within the bearish “5-0” model. 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 1.3795 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below the level of 1.3385. USD/CAD…

Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week near the 149.01 area. The moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the US dollar and a potential continuation of the fall 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 145.85 area. Then, an upward rebound and continued growth of the pair to the area above the 156.85 level. USD/JPY Forecast and Analysis October…