Author: forex24pro

The quotes of the currency pair NZD/USD continue to move within the development of the fall and have left the bullish channel. 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 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 0.6143. At the moment, we should expect…

The USD/CHF currency pair continues to move within the framework of growth development and the beginning of the “Triangle” model development. At the time of the Forex forecast publication, the US Dollar to Swiss Franc exchange rate is 0.8581. The 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 sellers and a potential continuation of the asset’s fall from the current levels. At the moment, we should expect an attempt to develop a decline in the US Dollar against the Swiss Franc…

BTC/USD quotes are trading at 63563 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 upwards, which indicates pressure from buyers of “Digital Gold” and a potential continuation of the asset’s value growth from the current levels. As part of the cryptocurrency rate forecast for tomorrow, October 8, 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 near…

ETH/USD are trading at 2483 and continue to move within the framework of the correction development and the formation of the reversal model “Head and Shoulders”. Moving averages indicate a short-term downward trend in Ethereum. Prices are testing the area between the signal lines, 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 2545 area. From where we should again expect a downward price rebound and…

The Euro Dollar EUR/USD currency pair is finishing the trading week as part of the development of a fall near the level of 1.0958. 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 growth in the EUR/USD quotes and a test of the support area near the level…

BRENT oil quotes are ending the trading week near the area of ​​77.84 dollars per barrel. Moving averages indicate 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 a decline and a test of the support area near the level of 73.05. Then, we should consider an upward rebound and continued growth of oil to the area above the level of 88.05 dollars per barrel. BRENT Forecast and…

The currency pair Pound/Dollar GBP/USD is finishing the trading week as part of the decline development and has left the “Wedge” reversal pattern near the level of 1.3165. The moving averages indicate a bullish 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 growth and a test of the resistance area near the level of 1.3275. Next, a downward rebound and a continuation…

The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6840 area. The pair continues to move within the framework of the development of the fall and the formation of the “Wedge” reversal pattern. Moving averages indicate the presence of a bullish trend. Prices broke through the area between the signal lines upwards, which indicates pressure from asset buyers and a potential continuation of the growth in the value of the currency pair. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level…

The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a decline within the formation of the Wedge reversal pattern. The moving averages indicate a 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 decline in the near future. At the moment, we should expect an attempt to develop a decline and test the support level near the 1.3445 area. Then, an upward rebound and continued growth of quotes with a target above the 1.3765 level. USD/CAD…

Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week near the 146.56 area. The moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, 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 bullish price correction and a test of the resistance level near the 149.65 area. Then, a downward rebound and a continuation of the fall of the pair to the area below the 136.85 level. USD/JPY…