Author: forex24pro

Ethereum ETH/USD ends the trading week at 2595 and continues to move within the correction and bullish 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 a price decline and a test of the support level near the 2275 area. From where we should again expect an upward rebound and continued growth of the rate and cost of Ethereum with a potential…

Quotes of Silver XAG/USD end the trading week near the 27.48 area. Quotes continue to move within the development of a bearish correction and a bullish channel. Moving averages indicate a bullish trend for the asset. Prices are again testing the area between the signal lines, which indicates pressure from metal buyers and potential continued growth from current levels. At the moment, we should expect an attempt to develop a bearish correction in the asset value and test the support level near the 26.45 area. Further, the continuation of the growth of the Silver price with a potential target above…

Litecoin LTC/USD ends the trading week at 60.25 and continues to move in the correction and descending channel. 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 55.05 level. From where we should again expect an upward rebound and an attempt to continue the…

The Euro/Dollar currency pair EUR/USD continues to move within the development of a bearish correction and a 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 1.0894. Within the framework of the Forex forecast for August 9, 2024, we should…

The Pound/Dollar GBP/USD currency pair continues to move within the framework of the development of a strong bearish correction and a bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2692. Moving averages indicate the presence of a short-term bullish trend. Prices broke 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…

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 the US Dollar exchange rate is 0.6555. At the moment, we should expect an attempt to develop a bullish correction…

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 147.33. 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 9, 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 $78.29 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 a bearish correction and a test of…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the framework of the development of the decline and the formation of the “Wedge” reversal pattern. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3756. Moving averages indicate a short-term upward 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 a decline in the Canadian Dollar price and…

XAU/USD quotes continue to move within the framework of growth development and the formation of the “Triangle” model. At the time of publication of the forecast, the price of Gold for today is 2411 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 2395 area. From where…