Author: forex24pro

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 $78.09 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 a potential continuation of the growth of the asset value from the current levels. At the moment, we should expect an attempt to develop a decline and a test of the support…

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 1.3756. 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 framework of the decline development and formation of the “Wedge” reversal pattern. At the time of the forecast publication, the price of Gold for today is 2623 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 2610 area. From where we…

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 30.83. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers and potential continuation of price growth from 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 30.25 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 bullish channel. The moving averages indicate the presence of a short-term upward trend for the pair. Prices broke 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 0.6082. At the moment, we should expect an attempt to…

The USD/CHF currency pair continues to move within the framework of the decline and bullish channel development. At the time of the Forex forecast publication, the US Dollar to Swiss Franc exchange rate is 0.8563. 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 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 the…

BTC/USD quotes are trading at 60445 and continue to move within the development of the correction and the bullish channel. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices are again testing the area between the signal lines, which indicates pressure from sellers of “Digital Gold” and a potential continuation of the fall in the value of the asset from the current levels. As part of the cryptocurrency rate forecast for tomorrow, October 11, 2024, we should expect an attempt to develop a bearish correction in the value of the digital asset and a test of…

ETH/USD are trading at 2384 and continue to move within the framework of the development of the correction and the formation of the reversal model “Head and Shoulders”. Moving averages indicate the presence of a short-term downward trend in Ethereum. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the asset’s value decline from current levels. At the moment, we should expect an attempt to develop a bullish correction in the coin’s value and a test of the resistance level near the 2435 area. From where we should…

The Euro/Dollar currency pair EUR/USD continues to move within the framework of the development of the fall and the beginning of the development of the Double Top reversal pattern. The moving averages indicate the presence of a short-term upward 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 1.0958. Within the framework…

The Pound/Dollar GBP/USD currency pair continues to move within the framework of the development of the fall and the formation of the “Head and Shoulders” reversal model. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.3082. Moving averages indicate the presence of a short-term bullish trend. Prices broke 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…