Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the framework of the development of the correction and the formation of the “Wedge” reversal model. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3593. Moving averages indicate a short-term bearish trend for the pair. Prices are testing the area between the signal lines again, indicating pressure from buyers and potential continued growth of the pair in the near future. At the moment, it is worth considering an attempt to develop the growth of the Canadian Dollar price and test…
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.
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 2511 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 bearish correction and a test of the support level near the 2495…
The quotes of XAG/USD continue to move within the framework of the development of the correction and the formation of the “Double Bottom” reversal pattern. At the time of publication of the forecast, the Silver price is 28.46. Moving averages indicate 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 development of the decline and the formation of the bullish model “Wolfe Wave”. The moving averages indicate the presence of a short-term bearish trend for the pair. 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 fall in the value 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 0.6122. At the moment, we…
The USD/CHF currency pair continues to move within the framework of the correction development and the formation of the “Triangle” model. At the time of the publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8495. 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 the growth of the US Dollar against the Swiss…
BTC/USD quotes are trading at 56867 and continue to move within the growth development. 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 asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, September 12, 2024, we should expect an attempt to develop a bearish correction in the value of the digital asset and a test of the support level near the 55505 area.…
ETH/USD are trading at 2330 and continue to move within the framework of the development of the correction and the descending channel. Moving averages indicate 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 2375 area. From where we should again expect a downward rebound in prices and a continuation…
The Euro/Dollar currency pair EUR/USD continues to move within the development of a bearish correction and the formation of a reversal pattern “Double Bottom”. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines, which indicates pressure from sellers of the European currency and a potential continuation of the fall in 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 1.1037. As part of the Forex forecast for September 11, 2024,…
The Pound/Dollar GBP/USD currency pair continues to move within the framework of the correction and bullish channel development. At the time of the forecast publication, the Pound to US Dollar exchange rate on Forex is 1.3095. 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 buyers of the currency pair and 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 exchange rate and a test of the…
The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the development of the correction and the formation of the bullish pattern “Wolfe Wave”. 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 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 0.6664. At the moment, we should expect…