Author: forex24pro

BTC/USD quotes are trading at 56654 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 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 fall in the value of the asset from the current levels. As part of the cryptocurrency rate forecast for tomorrow, September 6, 2024, we should expect an attempt to develop a bullish correction in the value of the digital asset and a test…

ETH/USD are trading at 2387 and continue to move within the framework of the development of the fall and the descending channel. Moving averages indicate a short-term bearish trend for Ethereum. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the asset’s value decline from 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 2485 area. From where we should again expect a downward price rebound and a continuation…

Stock index S&P 500 continue to move within the fall and descending channel. The moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from asset sellers and a potential continuation of the fall of the stock index on the market from the current levels. At the time of publication of the forecast, the index is trading at 5521. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 5585 area. From where we…

The Euro/Dollar currency pair EUR/USD continues to move within the development of a downward correction 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 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 1.1060. Within the framework of the Forex forecast for September 5, 2024, we should expect…

The Pound/Dollar GBP/USD currency pair continues to move within the framework of the development of a bearish correction and the formation of the “Wedge” model. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.3117. 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 buyers of the currency pair and 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…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the development of a fall and a descending channel. The moving averages indicate the presence of a short-term bearish 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 fall in the value of the instrument from the current levels. At the time of publication of the forecast, the Australian Dollar to the US Dollar exchange rate is 0.6706. At the moment, we should expect an attempt to develop growth…

The quotes of the USD/JPY currency pair continue to move within the framework of the development of the fall and the formation of the “Triangle” model. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 144.95. 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 of the US Dollar and a potential continuation of the price fall from the current levels. As part of the forecast of the Japanese Yen exchange rate…

Brent oil quotes continue to move as part of the decline and the beginning of the “Triangle” pattern. At the time of publication of the forecast, the price of Brent crude oil is $72.72 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…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the framework of growth development and has left the limits of the descending channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3544. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines again, indicating 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 a decline in the Canadian Dollar price and a test…

XAU/USD quotes continue to move within the development of the fall and have left the bullish channel. At the time of publication of the forecast, the price of Gold for today is 2483 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 downwards, which indicates pressure from sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 2510…