Author: forex24pro

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 1.0968. Within the framework…

The Pound/Dollar GBP/USD currency pair continues to move within the development of a fall and a descending channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.3083. 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 the growth of the British Pound against the US Dollar and a test of the…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the correction and bullish channel. The 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 buyers of the currency pair and potential continued growth in the value of the instrument from the current levels. At the time of publication of the forecast, the Australian Dollar to US Dollar exchange rate is 0.6733. At the moment, we should expect an attempt to develop growth and a test of the resistance area near the…

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 148.19. 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 US Dollar sellers and a potential continuation of the price decline from the current levels. As part of the Japanese Yen exchange rate forecast for October 9, 2024, we should expect an attempt…

Brent oil quotes continue to move within the development of growth and a bullish channel. At the time of publication of the forecast, the price of Brent crude oil is 76.68 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 upwards, which indicates pressure from buyers of “Black Gold” and 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 test the support level near the area of…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the framework of the development of growth and an ascending channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3660. 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 price pair’s growth in the near future. At the moment, it is worth considering an attempt to develop the fall in the Canadian Dollar price and…

XAU/USD quotes continue to move within the framework of the decline development and the beginning of the “Triangle” pattern development. At the time of the forecast publication, the price of Gold for today is 2608 Dollars per Troy Ounce. 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 asset sellers and a potential continuation of the decline from the current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 2635…

The quotes of XAG/USD continue to move within the framework of the fall and have left the bullish channel. At the time of publication of the forecast, the Silver price is 30.30. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downwards, indicating pressure from sellers and a potential continuation of the fall in price from current levels. At the moment, we should expect an attempt to develop a bullish correction in the metal price and a test of the resistance level near the 30.85 area. From where we should expect a downward…

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 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 0.6115. 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 0.8575. 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 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…