Brent oil quotes continue to move within the framework of the decline development and the formation of the “Triangle” model. At the time of the forecast publication, the price of Brent crude oil is $ 77.51 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 a bullish correction and…
Author: forex24pro
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.
Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the framework of the development of a fall and a descending channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3473. 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 of the price pair in the near future. At the moment, it is worth considering an attempt to develop the growth of the…
XAU/USD quotes continue to move within the development of a downward correction and a bullish channel. At the time of publication of the forecast, the price of Gold for today is 2499 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 2470 area. From where we should expect…
The quotes of XAG/USD continue to move within the framework of the development of a bearish correction and a bullish channel. At the time of publication of the forecast, the Silver price is 29.31. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continued growth in price 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 28.70 area. From where we should 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 the US Dollar exchange rate is 0.6239. At the moment, we should expect an attempt to develop a decline…
The USD/CHF currency pair continues to move within the framework of the development of the decline and the descending channel. At the time of the publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8438. The 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 the growth of the US Dollar…
BTC/USD quotes are trading at 59892 and continue to move within the development of a strong correction and a bullish channel. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of “Digital Gold” and a potential continuation of the growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, August 29, 2024, we should expect an attempt to develop a bearish correction in the value of the digital asset and a test of…
ETH/USD are trading at 2521 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 are testing the area between the signal lines again, indicating pressure from sellers and a potential continuation of the asset’s fall 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 2555 area. From where we should again expect a downward price rebound and a continuation of the fall…
The Euro/Dollar currency pair EUR/USD continues to move within the development of the correction and the 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 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 1.1167. Within the framework of the Forex forecast for August 28, 2024, we should expect…
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 1.3213. 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 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…