Author: forex24pro

The Euro/Dollar currency pair EUR/USD continues to move within the development of the correction and 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 upwards, which indicates pressure from buyers of the European currency and a potential continuation of the growth of 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 1.1064. Within the framework of the Forex forecast for October 2, 2024, we should expect…

The Pound/Dollar GBP/USD currency pair continues to move within the framework of the development of the fall and the completion of the formation of the “Wedge” reversal pattern. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.3272. Moving averages indicate the presence of a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the instrument’s growth. At the moment, we should expect an attempt to develop the growth of the British Pound against…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the fall and the beginning of the development of the bearish “Wolfe Wave” pattern. The moving averages indicate the presence of a short-term bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the growth of the instrument’s value from the current levels. At the time of publication of the forecast, the Australian Dollar to the US Dollar exchange rate is 0.6874. At the moment, we should expect an attempt…

The quotes of the USD/JPY currency pair continue to move within the development of growth and a descending channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 143.58. Moving averages indicate the presence of a short-term bullish trend for the pair. 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 in prices from the current levels. As part of the forecast of the Japanese Yen exchange rate for October 2, 2024, we should expect…

Brent oil quotes continue to move within the development of growth and a bearish channel. At the time of publication of the forecast, the price of Brent crude oil is 74.41 dollars per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices are testing the area between the signal lines, which indicates pressure from sellers of “Black Gold” and a potential continuation of the fall in the value of the asset from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the area…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the framework of the development of the fall and the formation of the Wedge reversal pattern. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3505. 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 and a potential continuation of the fall of the price pair in the near future. At the moment, it is worth considering an attempt to develop…

XAU/USD quotes continue to move within the development of growth and a bullish channel. At the time of publication of the forecast, the price of Gold for today is 2661 dollars per troy ounce. Moving averages indicate the presence of a short-term bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the 2595 area. From where we should expect an upward…

The quotes of XAG/USD continue to move within the framework of the development of growth and a bullish channel. At the time of publication of the forecast, the Silver price is 31.48. Moving averages indicate the presence of a bullish trend. Prices have broken through the area between the signal lines upwards, 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 decline in the cost of metal and a test of the support level near the 30.65 area. Where should we expect an upward…

The quotes of the currency pair NZD/USD continue to move within the development of the fall and the formation of the reversal model “Head and Shoulders”. The moving averages indicate the presence of a short-term bullish trend for the pair. Prices are testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the growth 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 0.6282. At the moment, we…

The USD/CHF currency pair continues to move within the framework of the fall development and the formation of the “Triangle” model. At the time of the publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8451. 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 and a potential continuation of the asset’s value fall from current levels. At the moment, we should expect an attempt to develop the rise of the US Dollar against the…