Author: forex24pro

BRENT oil quotes are ending the trading week near the area of ​​73.91 dollars per barrel. Moving averages indicate the presence of a bearish trend. Prices broke through the area with signal lines downwards, 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 growth and a test of the resistance area near the level of 76.55. Then, it is worth considering a rebound downwards and a continuation of the fall in oil to the area below the level of 66.75…

The currency pair Pound/Dollar GBP/USD ends the trading week within the development of a correction and a bullish channel near the level of 1.3046. The moving averages indicate the presence of an upward 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 a decline and test the support area near the level of 1.3005. Next, an upward rebound and continued growth of Pound…

The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6711 area. The pair continues to move within the framework of the decline development and the formation of the Head and Shoulders reversal pattern. The moving averages indicate the presence of an upward trend. Prices are again testing the area between the signal lines, which indicates pressure from asset buyers and potential continuation of the growth in the value of the currency pair. At the moment, we should expect an attempt to develop growth and test the resistance area near the 0.6805 level. Then, a…

The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a strong growth within the formation of the bearish “5-0” model. The moving averages indicate a 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 growth in the near future. At the moment, we should expect an attempt to develop an increase and test the resistance level near the 1.3835 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below the level…

Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week near the 149.86 area. The moving averages indicate a bearish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from US dollar buyers and potential continued growth from the current levels. At the moment, we should expect an attempt to develop a bearish price correction and a test of the support level near the 146.05 area. Then, an upward rebound and continued growth of the pair to the area above the 156.85 level. USD/JPY Forecast and Analysis October 21 — 25, 2024…

GOLD ends the trading week with growth near the 2711 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 2680 area. Next, a price rebound upwards and continued growth of XAUUSD with a potential target above the 2975 level. GOLD Forecast and Analysis October 21 — 25,…

Quotes of the currency pair New Zealand Dollar are ending the trading week with a fall near the 0.6074 level and a bearish channel. The moving averages indicate a bullish 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 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 0.6215 level. Then, a downward…

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8657. The pair continues to move within the development of a bullish correction and the formation of the “Triangle” model. The moving averages indicate the presence of a bearish trend. Prices are testing the area between the signal lines, 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 0.8745. Next, a downward…

Bitcoin BTC/USD ends the trading week at the level of 67845 and continues to move within the framework of growth development and left the limits of the bearish correction channel. Moving averages indicate the presence of a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from asset buyers and potential continuation of the asset quotes growth. At the moment, we should expect an attempt to develop a bearish correction of the coin price and a test of the support area near the level of 61345. From where we should again expect an upward rebound…

Ethereum ETH/USD ends the trading week at 2624 and continues to move within the growth and formation of the reversal pattern “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 2275 area. From where we should again expect an upward rebound and continued growth of…