Author: forex24pro

Ethereum ETH/USD ends the trading week at 2366 and continues to move within the correction and bearish 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 price growth and a test of the resistance level near the 2465 area. From where we should again expect a rebound downwards and a continuation of the fall in the rate and value of Ethereum with…

Quotes of Silver XAG/USD end the trading week near the 28.81 area. Quotes continue to move within the development of growth and a bullish channel. Moving averages indicate 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 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 28.05 area. Further, the continuation of the growth of the Silver price with a potential…

Litecoin LTC/USD ends the trading week at 65.43 and continues to move up 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 53.45 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 growth development and the 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, 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 1.1099. Within the framework of the Forex forecast for September 6, 2024, we should expect…

The Pound/Dollar GBP/USD currency pair continues to move within the framework of the development of bearish growth and the beginning of the “Wedge” model. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.3163. Moving averages indicate the presence of a short-term bullish trend. Prices broke through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a 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…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the development of a correction and a descending channel. 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 0.6727. At the moment, we should expect an attempt to develop growth…

The quotes of the USD/JPY currency pair continue to move within the framework of the development of the fall and the beginning of the development of the “Triangle” model. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 143.53. 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 fall from the current levels. As part of the forecast of the Japanese…

Brent oil quotes continue to move within the development of the fall and bearish channel. At the time of publication of the forecast, the price of Brent crude oil is 73.35 dollars 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 fall in the value of the asset from the current levels. At the moment, we should expect an attempt to develop growth and a test of the resistance level…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the framework of the fall and has left the bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3513. Moving averages indicate a short-term bullish 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 the rise in the Canadian Dollar price and test the resistance level near…

XAU/USD quotes continue to move within the development of the fall and have left the bullish channel. At the time of publication of the forecast, the price of Gold for today is 2516 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 2505 area. From where we…