Author: forex24pro

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8516. The pair continues to move within the development of a fall and a descending channel. The moving averages indicate the presence of a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the American currency and a potential continuation of the instrument’s fall from the current levels. At the moment, we should expect an attempt to develop price growth and a test of the resistance area near the level of 0.8775. Next, a rebound downwards and…

Bitcoin BTC/USD ends the trading week at the level of 61238 and continues to move within the framework of the correction development and the formation of the bullish “Wolfe Wave” model. The moving averages indicate the presence of a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from asset buyers and a potential continuation of the asset’s quotes growth. At the moment, we should expect an attempt to develop a bearish correction in the coin price and a test of the support area near the level of 51685. From where we should again…

Ethereum ETH/USD ends the trading week at 2672 and continues to move within the correction and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices have broken through the area between the signal lines downwards, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 2265 area. From where we should again expect an upward rebound and continued growth of the rate and cost of Ethereum with a potential…

Quotes of Silver XAG/USD end the trading week near the 29.42 area. Quotes continue to move within the development of the correction and the bullish channel. Moving averages indicate the presence of a bullish trend for the asset. Prices broke through the area between the signal lines upwards, which indicates pressure from metal buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a bearish correction in the asset value and a test of the support level near the 26.35 area. Further, the continuation of the growth of the Silver…

Litecoin LTC/USD ends the trading week at 64.18 and continues to move downwards and form the “Head and Shoulders” reversal pattern. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, this indicates pressure from sellers of the digital asset and a potential continuation of the fall in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a bearish price correction and a test of the support area near the 54.05 level. From where we should again expect an upward rebound and an attempt…

The Euro/Dollar currency pair EUR/USD continues to move within the framework of 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 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 1.1120. Within the framework of the Forex forecast for August 22, 2024, we…

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 1.3026. 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. At the moment, we should expect an attempt to develop a correction in the British Pound against the US Dollar exchange…

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 0.6739. 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 formation of the bullish “Wolf Wave” model. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 146.00. 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 decline from the current levels. As part of the forecast of the Japanese Yen…

Brent oil quotes continue to move within the development of a fall and a descending channel. There is still potential for the formation of a “double bottom” reversal pattern. At the time of publication of the forecast, the price of Brent crude oil is $77.46 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…