Author: forex24pro

GOLD ends the trading week with growth near the 2666 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 2605 area. Next, a price rebound upwards and continued growth of XAUUSD with a potential target above the 2965 level. GOLD Forecast and Analysis September 30 — October…

Quotes of the currency pair New Zealand Dollar are ending the trading week within the growth near the level of 0.6308 and the formation of the bearish “Wolfe Wave” model. The moving averages indicate a bullish trend for the pair. 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 growth 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…

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8467. The pair continues to move within the framework of the correction development and the formation of the “Triangle” model. The moving averages indicate the presence of a bearish trend. Prices have broken through the area between the signal lines downwards, 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 0.8515. Next,…

Bitcoin BTC/USD is ending the trading week at 65370 and continues to move within the framework of growth and a bearish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and a potential continuation of asset quotes growth. At the moment, we should expect an attempt to develop a bearish correction in the coin price and a test of the support area near 58275. From where we should again expect an upward rebound and continued growth of the Bitcoin rate with a potential target above…

Ethereum ETH/USD ends the trading week at 2657 and continues to move within the growth development and left the bearish channel. 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 2445 area. From where we should again expect an upward rebound and continued growth of the rate and…

Quotes of Silver XAG/USD are ending the trading week near the 31.80 area. Quotes continue to move within the framework of growth development and the beginning of the development of the “Head and Shoulders” reversal model. 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…

XRP/USD end the trading week at 0.5835 and continue to move within the correction and formation of the “Triangle” pattern. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of the growth of the cryptocurrency from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near 0.5215. From where we should again expect an upward rebound and continued growth of the cryptocurrency to the area above the level of 0.7675. XRP…

SOL/USD quotes is trading at the time of the publication of the forecast at the level of 157.62, continues to move within the growth and the beginning of the development of the “Wedge” reversal pattern. Moving averages indicate the presence of a short-term bullish trend for the coin. Prices have broken through the area between the signal lines upwards, which indicates pressure from coin buyers and potential continuation of growth from current levels. As part of the SOL/USD rate forecast, it is worth considering an attempt to develop a minor correction in the value of the digital asset and a…

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 1.1132. As part of the Forex forecast for September 27, 2024, we should expect an…

The Pound/Dollar GBP/USD currency pair continues to move within the framework of the development of growth and 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 1.3331. 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 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 US Dollar…