Author: forex24pro

GOLD ends the trading week with growth near the 2567 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 2515 area. Next, a price rebound upwards and continued growth of XAUUSD with a potential target above the 2875 level. GOLD Forecast and Analysis September 16 — 20,…

Quotes of the currency pair New Zealand Dollar are ending the trading week within the framework of the rise near the level of 0.6164 and the beginning of the “Triangle” model. 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 a decline in the currency pair on Forex and a test of the support area near the level…

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8469. The pair continues to move within the development of a fall and a descending channel. 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 0.8565. Next, a rebound downwards and…

Bitcoin BTC/USD ends the trading week at the level of 57880 and continues to move within the development of the correction and the bullish channel. The moving averages indicate the presence of 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 the level of 51405. From where we should again expect an upward rebound and continued…

Ethereum ETH/USD ends the trading week at 2357 and continues to move within the development of a bullish correction and a bearish channel. Moving averages indicate 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 price growth and a test of the resistance level near the 2405 area. From where we should again expect a downward rebound and a continuation of the fall in the rate…

Quotes of Silver XAG/USD end the trading week near the 30.05 area. Quotes continue to move within the development of growth and a bullish channel. Moving averages indicate 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 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 28.05 area. Next, the continuation of the growth of the Silver price with a potential…

The Euro/Dollar currency pair EUR/USD continues to move within the development of growth and an ascending channel. The 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 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 1.1012. Within the framework of the Forex forecast for September 13, 2024, we should expect an attempt…

The Pound/Dollar GBP/USD currency pair continues to move within the framework of the development of growth and a bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.3087. Moving averages indicate the presence of a short-term bullish trend. Prices are again 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 a correction in the British Pound against the US Dollar exchange rate and a…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the framework of growth development and completion of the formation of the “Wedge” reversal pattern. The moving averages indicate the presence of a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the currency pair and potential continuation of the growth of the instrument from the current levels. At the time of publication of the forecast, the Australian Dollar to the US Dollar rate is 0.6694. At the moment, we should expect an attempt to develop a…

The quotes of the USD/JPY currency pair continue to move within the framework of the correction and the descending channel development. At the time of the forecast publication, the US Dollar to Japanese Yen exchange rate is 142.52. The 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 US Dollar sellers and a potential continuation of the price decline from the current levels. As part of the Japanese Yen exchange rate forecast for September 13, 2024, we should expect an attempt…