Author: forex24pro

Brent oil quotes continue to move as part of the decline and the beginning of the “Triangle” pattern. At the time of publication of the forecast, the price of Brent crude oil is $72.72 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…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the framework of growth development and has left the limits of the descending channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3544. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines again, indicating pressure from sellers and a potential continuation of the pair’s decline in the near future. At the moment, it is worth considering an attempt to develop a decline in the Canadian Dollar price and a test…

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 2483 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 downwards, which indicates pressure from sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 2510…

The quotes of XAG/USD continue to move within the framework of the development of the fall and the descending channel. At the time of publication of the forecast, the Silver price is 28.41. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the price decline from the current levels. At the moment, we should expect an attempt to develop growth in the metal price and a test of the resistance level near the 28.55 area. From where we should expect a downward…

The quotes of the currency pair NZD/USD continue to move within the development of the fall and have left the bullish channel. The moving averages indicate the presence of a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, 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 Forex forecast, the New Zealand Dollar to the US Dollar exchange rate is 0.6181. At the moment, we should expect an attempt to develop…

The USD/CHF currency pair continues to move within the development of a fall and a descending channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8473. 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 and a potential continuation of the asset’s fall from the current levels. At the moment, we should expect an attempt to develop growth in the US Dollar against the Swiss Franc and a test of the…

BTC/USD quotes are trading at 56833 and continue to move within the development of the fall and the descending channel. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of “Digital Gold” and a potential continuation of the fall in the value of the asset from the current levels. As part of the cryptocurrency rate forecast for tomorrow, September 5, 2024, we should expect an attempt to develop a bullish correction in the value of the digital asset and a test…

ETH/USD are trading at 2407 and continue to move within the framework of the development of the fall and the descending channel. Moving averages indicate a short-term bearish trend for Ethereum. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the asset’s value decline 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 2495 area. From where we should again expect a downward price rebound and a continuation…

Stock index S&P 500 continue to move within the decline and have left the bullish channel. The moving averages indicate the presence of a short-term upward trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from asset sellers and a potential continuation of the fall of the stock index on the market from the current levels. At the time of publication of the forecast, the index is trading at 5520. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 5635 area.…

The Euro/Dollar currency pair EUR/USD continues to move within the development of a downward correction and a bullish channel. The moving averages indicate the presence of a short-term bullish trend for the pair. Prices are again testing 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 1.1057. Within the framework of the Forex forecast for September 4, 2024, we should expect…