ETH/USD are trading at 2455 and continue to move within the development of the fall and bearish channel. Moving averages indicate the presence of a short-term bearish trend for Ether. Prices have broken through the area between the signal lines downwards, 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 a bullish correction in the coin value and a test of the resistance level near the 2565 area. From where we should again expect a downward rebound in prices…
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.
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 1.0914. As part of the Forex forecast for August 8, 2024, we should expect an…
The Pound/Dollar GBP/USD currency pair continues to move within the development of a bearish correction and a bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2711. Moving averages indicate the presence of a short-term bullish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the currency pair and a potential continuation of the instrument’s fall. At the moment, we should expect an attempt to develop a decline in the British Pound against the US Dollar exchange rate and a…
The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the development of growth and a descending channel. The moving averages indicate the presence of a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the fall in the value of the instrument from the current levels. At the time of publication of the forecast, the Australian Dollar to US Dollar exchange rate is 0.6560. At the moment, we should expect an attempt to develop a bullish correction and…
The quotes of the USD/JPY currency pair continue to move within the development of a bullish correction and a descending channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 147.26. 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 8, 2024,…
Brent oil quotes continue to move within the development of a bullish correction and a descending channel. At the time of publication of the forecast, the price of Brent crude oil is $77.82 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 asset’s fall 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 area…
Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the framework of the decline development and the formation of the “Wedge” reversal pattern. At the time of the forecast publication, the US Dollar to Canadian Dollar exchange rate is 1.3741. The moving averages indicate the presence of a short-term upward trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers and potential continuation of the price pair growth 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 the development of growth and the formation of the “Triangle” pattern. At the time of publication of the forecast, the price of Gold for today is 2399 Dollars per Troy Ounce. The moving averages indicate the presence of a short-term bullish trend. Prices are testing the area between the signal lines again, which indicates pressure from asset buyers and potential continued 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 2385 area. From where…
The quotes of XAG/USD continue to move within the framework of the decline development and the formation of the bullish model “Wolfe Wave”. At the time of the forecast publication, the Silver price is 26.93. 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 and a potential continuation of the fall in price from the 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…
The quotes of the currency pair NZD/USD continue to move within the framework of the growth and descending channel development. 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 of the currency pair and a potential continuation of the decline in the instrument’s value from the current levels. At the time of publication of the Forex forecast, the New Zealand Dollar to the US Dollar exchange rate is 0.6009. At the moment, we should expect an attempt to develop a…