Author: forex24pro

The quotes of the USD/JPY currency pair continue to move within the development of the correction and the descending channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 142.95. 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 sellers of the US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast of the Japanese Yen exchange rate for October 1, 2024, we should…

Brent oil quotes continue to move within the development of the fall and bearish channel. At the time of publication of the forecast, the price of Brent crude oil is 71.28 dollars per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of “Black Gold” and a potential continuation of the fall in the value of the asset from the current levels. At the moment, we should expect an attempt to develop growth and a test of the resistance level…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the framework of the development of a bullish correction and a descending channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3507. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the pair’s decline in the near future. At the moment, it is worth considering an attempt to develop the growth of the Canadian Dollar price and a…

XAU/USD quotes continue to move within the development of a bearish correction and a bullish channel. At the time of publication of the forecast, the price of Gold for today is 2629 Dollars per Troy Ounce. 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 asset buyers and potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the 2605 area. From where we should expect…

The quotes of XAG/USD continue to move within the framework of the development of growth and a bullish channel. At the time of publication of the forecast, the Silver price is 30.95. 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 potential continuation of price growth from current levels. At the moment, we should expect an attempt to develop a decline in the cost of metal and a test of the support level near the 29.95 area. Where should we expect an upward…

The quotes of the currency pair NZD/USD continue to move within the development of growth and a bullish channel. The moving averages indicate the presence of a short-term 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 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 0.6358. At the moment, we should expect an attempt to develop a bearish correction…

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 0.8438. 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 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 an increase in the US Dollar against the Swiss Franc…

BTC/USD quotes are trading at 63602 and continue to move within the correction development and have left the descending channel. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices are again testing the area between the signal lines, which indicates pressure from the buyers of “Digital Gold” and a potential continuation of the asset’s value growth from the current levels. As part of the cryptocurrency rate forecast for tomorrow, October 1, 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 2607 and continue to move within the framework of the development of growth and a bullish channel. Moving averages indicate a short-term bearish trend for Ether. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continued growth in the asset value from current levels. At the moment, we should expect an attempt to develop a bearish correction in the coin value and a test of the support level near the 2415 area. From where we should again expect an upward price rebound and continued growth in the…

The Euro Dollar EUR/USD currency pair is finishing the trading week as part of the growth development near the level of 1.1150. 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 bearish correction in the EUR/USD quotes and a test of the support area near…