Author: forex24pro

The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a strong growth within the formation of 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 1.3835 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below the level…

Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week near the 149.86 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 146.05 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 21 — 25, 2024…

GOLD ends the trading week with growth near the 2711 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 2680 area. Next, a price rebound upwards and continued growth of XAUUSD with a potential target above the 2975 level. GOLD Forecast and Analysis October 21 — 25,…

Quotes of the currency pair New Zealand Dollar are ending the trading week with a fall near the 0.6074 level and a bearish channel. The 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 the growth of the currency pair on Forex and a test of the resistance area near the 0.6215 level. Then, a downward…

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8657. The pair continues to move within the development of a bullish correction and the formation of the “Triangle” model. The moving averages indicate the presence of a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from sellers of the American currency and a potential continuation of the instrument’s fall from the current levels. At the moment, we should expect an attempt to develop price growth and a test of the resistance area near the level of 0.8745. Next, a downward…

Bitcoin BTC/USD ends the trading week at the level of 67845 and continues to move within the framework of growth development and left the limits of the bearish correction channel. Moving averages indicate the presence of a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from asset buyers and potential continuation of the asset quotes growth. At the moment, we should expect an attempt to develop a bearish correction of the coin price and a test of the support area near the level of 61345. From where we should again expect an upward rebound…

Ethereum ETH/USD ends the trading week at 2624 and continues to move within the growth and formation of the reversal pattern “Head and Shoulders”. Moving averages indicate the presence of a bearish trend for ETH/USD. Prices have broken through the area between the signal lines downwards, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 2275 area. From where we should again expect an upward rebound and continued growth of…

Quotes of Silver XAG/USD are ending the trading week near the 32.13 area. Quotes continue to move within the framework of the growth and bullish channel development. Moving averages indicate the presence of a bullish trend for the asset. Prices have broken through the area between the signal lines upwards, which indicates pressure from metal buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a bearish correction in the asset value and a test of the support level near the 29.25 area. Further, the continuation of the growth of…

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 1.0827. Within the framework of the Forex forecast for October 18, 2024, we should expect…

The Pound/Dollar GBP/USD currency pair continues to move within the fall and descending channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2997. 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 instrument’s fall. 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 area near the…