Author: forex24pro

BTC/USD quotes are trading at 58352 and continue to move within the correction development and have left the bearish 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 asset’s fall from current levels. As part of the cryptocurrency rate forecast for tomorrow, August 16, 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 near the…

ETH/USD are trading at 2618 and continue to move as part of the development of the fall and the beginning of the “Wedge” pattern. 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 2895 area. From where we should again expect a downward price rebound and…

The Euro/Dollar currency pair EUR/USD continues to move within the framework of the development of aggressive 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 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 15, 2024,…

The Pound/Dollar GBP/USD currency pair continues to move within the framework of the growth development and the bullish channel. At the time of the forecast publication, the Pound to US Dollar exchange rate on Forex is 1.2843. 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 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…

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 an increase and a test…

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 the publication of the forecast, the US Dollar to Japanese Yen exchange rate is 146.92. 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 fall in prices from the current levels. As part of the forecast of the Japanese Yen exchange rate for August 15, 2024,…

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 $80.45 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 formation of the “Wedge” reversal model. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3705. Moving averages indicate a short-term upward trend for the pair. Prices are testing the area between the signal lines again, indicating pressure from buyers and potential continued growth of the price pair in the near future. At the moment, it is worth considering an attempt to develop a decline in the Canadian Dollar price and…

XAU/USD quotes continue to move within the framework of growth development and the formation of the “Triangle” model. At the time of publication of the forecast, the price of Gold for today is 2473 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 2435 area. From where…

The quotes of XAG/USD continue to move within the framework of the development of the correction and the formation of the bullish model “Wolf Wave”. At the time of publication of the forecast, the Silver price is 27.87. Moving averages indicate the presence of a bearish trend. Prices broke through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the fall in value from the current levels. At the moment, we should expect an attempt to develop a decrease in the value of the metal and a test of the support level…