The quotes of XAG/USD continue to move within the framework of the development of growth and the formation of the “Head and Shoulders” reversal pattern. At the time of publication of the forecast, the Silver price is 27.90. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the fall in price from the current levels. At the moment, we should expect an attempt to develop a decline in the cost of the metal and a test of the support level near the…
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forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
The quotes of the currency pair NZD/USD continue to move within the development of a decline and a bullish 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 currency pair and a potential continuation of the growth of the instrument from the current levels. At the time of publication of the Forex forecast, the New Zealand Dollar to US Dollar exchange rate is 0.6172. At the moment, we should expect an attempt to develop a decline and…
The USD/CHF currency pair continues to move within the development of a fall and a descending channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8431. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the asset value from the current levels. At the moment, we should expect an attempt to develop growth in the US Dollar against the Swiss Franc and a…
BTC/USD quotes are trading at 53983 and continue to move as part of the decline and the formation of the Head and Shoulders reversal pattern. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of Digital Gold and a potential continuation of the asset’s fall from current levels. As part of the cryptocurrency rate forecast for tomorrow, September 10, 2024, we should expect an attempt to develop a bearish correction in the value of the digital asset and a test of the support level…
ETH/USD are trading at 2255 and continue to move within the development of the fall and the descending channel. Moving averages indicate the presence of a short-term bearish trend for Ether. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the asset’s fall from the current levels. At the moment, we should expect an attempt to develop a bullish correction in the coin’s value and a test of the resistance level near the 2275 area. From where we should again expect a downward rebound in prices and a…
The Euro Dollar EUR/USD currency pair is finishing the trading week as part of the growth development near the level of 1.1118. The moving averages indicate the presence of a bullish 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 probable continuation of growth from the current levels. As part of the Euro exchange rate forecast for the trading week, we should expect an attempt to develop a minor correction in the EUR/USD quotes and a test of the support area near the…
BRENT oil quotes are ending the trading week near the area of 72.90 dollars per barrel. There is still potential for completing the formation of the “Triangle” model. Moving averages indicate the presence of a bearish trend. Prices broke through the area between the signal lines downwards, which indicates pressure from raw material sellers and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a decline and test the support area near the level of 70.75. Then, we should consider an upward rebound and continued growth of oil to…
The currency pair Pound/Dollar GBP/USD ends the trading week within the development of an uptrend and an ascending channel near the level of 1.3190. The 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 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 growth and a test of the resistance area near the level of 1.2965. Next, an upward rebound and continued growth of…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6732 area. The pair continues to move within the development of the rise and the formation of the “Triangle” pattern. The moving averages indicate the presence of 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 the growth of the currency pair. At the moment, we should expect an attempt to develop a fall and a test of the support area near the 0.6635 level. Then, an upward rebound…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a decline. 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 growth and a test of the resistance level near the 1.3615 area. Then, a downward rebound and a continuation of the fall in quotes with a target below the level of 1.3045. USD/CAD Forecast and Analysis…