The Euro/Dollar currency pair EUR/USD continues to move within the development of a minor correction 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 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 1.1021. Within the framework of the Forex forecast for August 16, 2024, we should…
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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 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 1.2853. Moving averages indicate the presence of a short-term bullish trend. Prices broke 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 decline in the British Pound against the US Dollar and a test of…
The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the development of growth and a bullish channel. The 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 growth 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 0.6625. At the moment, we should expect an attempt to develop a decline and a test…
The quotes of the USD/JPY currency pair continue to move within the framework of 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 147.25. 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 fall from the current levels. As part of the Japanese Yen exchange rate forecast for August 16, 2024, we should expect…
Brent oil quotes continue to move within the correction development and have left the descending channel. At the time of the forecast publication, the price of Brent crude oil is $80.24 per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices are again testing the area between the signal lines, 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 bearish correction and a test of the support level…
Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the framework of the development of the decline and the bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3702. Moving averages indicate the presence of a short-term upward 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 price pair’s decline in the near future. At the moment, it is worth considering an attempt to develop a decline in the Canadian Dollar…
XAU/USD quotes continue to move within the framework of growth development after correction within the framework of the formation of the “Triangle” model. At the time of publication of the forecast, the price of Gold for today is 2459 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 the current levels. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near…
The quotes of XAG/USD continue to move within the framework of growth development and have left the boundaries of the descending channel. At the time of publication of the forecast, the Silver price is 28.06. Moving averages indicate a bearish 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 the metal and a test of the support level near the 27.65 area. From where we should expect…
The quotes of the currency pair NZD/USD continue to move within the development of minor growth 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 the US Dollar exchange rate is 0.6008. 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 a bullish correction and a descending channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8660. 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 an increase in the US Dollar…