Author: forex24pro

XAU/USD quotes continue to move within the development of growth and a bullish channel. At the time of publication of the forecast, the price of Gold for today is 2392 dollars per troy ounce. Moving averages indicate the presence of a short-term downward trend. Prices are again testing the area between the signal lines, 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 2375 area. From where we…

The quotes of XAG/USD continue to move within the development of the fall and the descending channel. At the time of the forecast publication, the Silver price is 28.02. Moving averages indicate the presence of 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 growth in the metal price and a test of the resistance level near the 28.60 area. From where we should expect a downward…

The quotes of the currency pair NZD/USD continue to move within the development of a fall and a descending channel. 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 decline 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 0.5870. At the moment, we should expect an attempt to…

The USD/CHF currency pair continues to move within the framework of the development of a bullish correction and a descending channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8849. 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 and a potential continuation of the asset’s fall from the current levels. At the moment, we should expect an attempt to develop an increase in the US Dollar against the Swiss…

BTC/USD quotes are trading at 69788 and continue to move within the development of growth and a descending channel. Moving averages indicate the presence of a short-term upward trend for Bitcoin. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of “Digital Gold” and a potential continuation of the growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, July 30, 2024, we should expect an attempt to develop a bearish correction in the value of the digital asset and a test of the support…

ETH/USD are trading at 3373 and continue to move within the framework of the growth and bullish channel development. Moving averages indicate a short-term bearish trend for Ethereum. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continued growth in the asset’s value from current levels. At the moment, we should expect an attempt to develop a bearish correction in the coin’s value and a test of the support level near the 3175 area. From where we should again expect an upward price rebound and continued growth in the Ethereum rate…

Stock index S&P 500 continue to move within the growth and downward channel. The moving averages indicate the presence of a short-term downward trend. Prices are again testing the area between the signal lines, 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 the publication of the forecast, the index is trading at 5525. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the 5495 area. Where should we…

The Euro/Dollar currency pair EUR/USD ends the trading week with growth near the 1.0850 area. The moving averages indicate a 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 probable continuation of growth from the current levels. As part of the Euro exchange rate forecast for the trading week, we should expect an attempt to develop a slight fall in the EUR/USD quotes and a test of the support area near the 1.0745 level. From where an upward rebound and continued rise…

BRENT oil quotes are ending the trading week near the $81.35 per barrel area. There is still potential for the completion of the Triangle pattern. The moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from raw material sellers and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a decline and test the support area near the level of 77.65. Then, we should consider an upward rebound and continued growth of oil to the area above the…

The currency pair Pound/Dollar GBP/USD ends the trading week within the framework of growth development near the level of 1.2867. The moving averages indicate the presence of a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of the growth of the British Pound against the US Dollar from the current levels. At this point, we should expect an attempt to develop a decline and test the support area near the level of 1.2795. Next, an upward rebound and a continuation of the rise in Pound Dollar…