Author: forex24pro

Bitcoin BTC/USD ends the trading week at the level of 62832 and continues to move within the framework of the growth and bullish channel development. The moving averages indicate the presence of a bullish trend. Prices have broken through the area between the signal lines upwards, 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 58305 level. From where we should again expect an upward rebound and continued…

Ethereum ETH/USD ends the trading week at 2543 and continues to move within the development of a bullish correction and a bearish channel. Moving averages indicate a bearish 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 price growth and a test of the resistance level near the 2805 area. From where we should again expect a downward rebound and a continuation of the fall in the rate…

Quotes of Silver XAG/USD end the trading week near the 31.20 area. Quotes continue to move within the framework of growth development and the beginning of the development of the reversal pattern “Head and Shoulders”. Moving averages indicate the presence of a bullish trend for the asset. Prices have broken 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 29.55…

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 upward 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 1.1168. Within the framework of the Forex forecast for September 20, 2024, we…

The Pound/Dollar GBP/USD currency pair continues to move within the framework of the growth and bullish channel development. At the time of the forecast publication, the Pound to US Dollar exchange rate on Forex is 1.3222. 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 correction in the British Pound against the US Dollar exchange rate and a test of…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the framework of growth development and the formation of the bearish “Wolfe Wave” pattern. 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’s value from the current levels. At the time of publication of the forecast, the Australian Dollar to the US Dollar exchange rate is 0.6788. At the moment, we should expect an attempt…

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 143.08. The 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 September 20,…

Brent oil quotes continue to move within the growth development and have left the bearish channel. At the time of the forecast publication, the price of Brent crude oil is $73.57 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 decline and test the support level near the area…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the framework of the development of the rise and the bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3591. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines again, indicating pressure from buyers and potential continued growth of the pair in the near future. At the moment, it is worth considering an attempt to develop a decline in the Canadian Dollar price and test the support level near…

XAU/USD quotes continue to move within the development of the rise and the bullish channel. At the time of publication of the forecast, the price of Gold for today is 2573 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 2565 area. From where we should expect…