Author: forex24pro

The USD/CHF currency pair continues to move within the development of strong growth and a descending channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8647. 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 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 an increase in the decline of the US…

BTC/USD quotes are trading at 56770 and continue to move within the framework of the correction development and the completion of the formation of the bullish “Wolf Wave” model. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines downwards, indicating pressure from buyers of “Digital Gold” and potential continued growth in the asset’s value from current levels. As part of the cryptocurrency rate forecast for tomorrow, August 8, 2024, we should expect an attempt to develop a bearish correction in the value of the digital asset and a test of…

ETH/USD are trading at 2444 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 asset’s fall 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 2595 area. From where we should again expect a downward rebound in prices and a continuation of…

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 1.0909. Within the framework of the Forex forecast for August 7, 2024, we should expect…

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 1.2708. The 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 and a test…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the development of the fall and the formation of the reversal pattern “Head and Shoulders”. The moving averages indicate the presence of a short-term bearish 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 fall in the value 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 0.6479. At the moment, we should…

The quotes of the USD/JPY currency pair continue to move within the framework of the correction development and the descending channel. At the time of the forecast publication, the US Dollar to Japanese Yen exchange rate is 144.52. 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 US Dollar sellers and a potential continuation of the price decline from the current levels. As part of the Japanese Yen exchange rate forecast for August 7, 2024, we should expect an attempt…

Brent oil quotes continue to move within the development of a fall and a descending channel. At the time of publication of the forecast, the price of Brent crude oil is 76.66 dollars per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices broke through the area between the signal lines downwards, 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…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the framework of growth development and the formation of the “Head and Shoulders” reversal pattern. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3850. Moving averages indicate a short-term upward trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates 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 the growth of the Canadian Dollar price…

XAU/USD quotes continue to move within the framework of growth development and formation of the “Triangle” model. At the time of publication of the forecast, the price of Gold for today is 2415 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bullish trend. Prices are again testing the area between the signal lines, 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 2395 area. From where we should…