Author: forex24pro

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…

GOLD ends the trading week with growth near the 2656 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 2545 area. Next, a price rebound upwards and continued growth of XAUUSD with a potential target above the 2875 level. GOLD Forecast and Analysis October 7 — 11,…

Quotes of the currency pair New Zealand Dollar are ending the trading week within the framework of a strong fall near the 0.6203 level and the formation of the “Wedge” reversal pattern. 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 potential continuation of growth from the current levels on the market. At the moment, we should expect an attempt to develop growth of the currency pair on Forex and a test of the resistance area near the level…

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8517. 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 a price fall and a test of the support area near the level of 0.8395.…

Bitcoin BTC/USD ends the trading week at 61524 and continues to move within the development of the correction and bearish channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from asset buyers and a potential continuation of the asset’s 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 53405. From where we should again expect an upward rebound and continued growth of the Bitcoin rate with a potential target above 76665.…

Ethereum ETH/USD ends the trading week at 2385 and continues to move within the framework of the decline and the formation of the reversal model “Head and Shoulders”. 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 2305 area. From where we should again expect an…

Quotes of Silver XAG/USD are ending the trading week near the 32.02 area. Quotes continue to move within the framework of growth development and the beginning of the development of the “Head and Shoulders” reversal pattern. 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…

The Euro/Dollar currency pair EUR/USD continues to move within the framework of the development of the fall and the formation 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 1.1052. As part of the Forex forecast…

The Pound/Dollar GBP/USD currency pair continues to move within the framework of the development of the fall and the beginning of the development of the “Wedge” reversal pattern. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.3093. 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 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…