Author: forex24pro

Quotes of Silver XAG/USD end the trading week near the 29.37 area. Quotes continue to move as part of the development of the correction and the bullish channel. Moving averages indicate a bullish trend for an asset. Prices have broken through the area between the signal lines upward, 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 value of the asset and a test of the support level near the area of ​​29.15. Next, the price of Silver will continue to…

Litecoin LTC/USD ends the trading week at 71.18 and continues to move in correction. 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 resistance area near the level of 66.65. From where we can again expect a rebound upward and an attempt to continue to grow in the…

The Euro/Dollar currency pair EUR/USD continues to move as part of the development of a minor correction and a bullish channel. Moving averages indicate a short-term bullish trend for the pair. Prices are once again testing the area between the signal signals, which indicates pressure from buyers of the European currency and a potential continuation of growth in quotes of the asset pair from current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.0927. As part of the Forex forecast for July 19, 2024, we should expect an attempt to…

The Pound/Dollar GBP/USD currency pair continues to move as part of the development of the correction and bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2978. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and potential continued growth of the instrument. At the moment, we should expect an attempt to develop a depreciation of the British Pound against the American Dollar and a test of the support area near…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move as part of the development of a minor correction and an ascending channel. Moving averages indicate a short-term bullish trend. 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 in the value of the instrument from current levels. At the time of publication of the forecast, the Australian Dollar to US Dollar exchange rate is 0.6734. At the moment, we should expect an attempt to develop a correction and test the…

The quotes of the USD/JPY currency pair continue to move as part of the development of a decline and a downward channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 156.47. Moving averages indicate 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 current levels. As part of the Japanese Yen exchange rate forecast for July 19, 2024, we should expect an attempt…

Brent oil quotes continue to move as part of the development of the fall and the formation of an inverted “Head and Shoulders” pattern. At the time of publication of the forecast, the price of Brent oil is $84.78 per barrel. Moving averages indicate a short-term bearish trend in oil. Prices are again testing the area between the signal lines, which indicates pressure from sellers of Black Gold and a potential continuation of the fall in the value of the asset from current levels. At the moment, we should expect an attempt to develop a decline and test the support…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move as part of the development of the correction and bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3678. Moving averages indicate the presence of a short-term upward trend in the pair. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall of the price pair in the near future. At the moment, it is worth considering an attempt to develop a fall in the price of the…

XAU/USD quotes continue to move within the growth and bullish channel. At the time of publication of the forecast, the price of Gold today is 2464 Dollars per Troy Ounce. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the asset and potential continued growth from current levels. At the moment, we can expect an attempt to develop a bearish correction and a test of the support level near the 2440 area. From where we can expect a rebound upward and a continued rise in…

The quotes of XAG/USD continue to move as part of the development of growth and a bullish channel. At the time of publication of the forecast, the price of Silver is 30.40. Moving averages indicate an upward trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of price growth from current levels. At the moment, we should expect an attempt to develop a decline in the value of the metal and a test of the support level near the area of ​​29.85. Where can we expect a rebound…