Quotes of Silver XAG/USD end the trading week near the area of 28.79. Quotes continue to move within the framework of the development of a bearish correction and a bullish channel. Moving averages indicate a bullish trend for the asset. Prices are testing the area between the signal lines again, indicating 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 a test of the support level near the 28.35 area. Next, continued growth in the price of Silver with a…
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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.
Litecoin LTC/USD ends the trading week at 69.06 and continues to move in correction and the formation of the reversal pattern “Head and Shoulders”. Moving averages indicate the presence of 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 level of 65.05. From where we should again…
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 downwards, 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 1.0796. As part of the Forex forecast for August 2, 2024, we should expect an…
The Pound/Dollar GBP/USD currency pair continues to move within the framework of the development of a bearish correction and a bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2808. Moving averages indicate the presence of a short-term bullish trend. Prices went up from the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the instrument’s growth. At the moment, we should expect an attempt to develop a decline in the British Pound against the US Dollar and a…
The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the development of a fall and a descending channel. The moving averages indicate the presence of a short-term bearish 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 0.6543. At the moment, we should expect an attempt to develop a…
The quotes of the USD/JPY currency pair continue to move within the development of a strong fall and a descending channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 150.67. 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 2, 2024,…
Brent oil quotes continue to move within the framework of growth development. At the time of publication of the forecast, the price of Brent crude oil is 80.41 dollars per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices broke 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 the support level near the…
Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the framework of the development of a bullish correction and a bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3817. 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 the growth of the Canadian Dollar price and test the resistance…
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 2450 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 current levels. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the 2415 area. From where we should expect an upward…
The quotes of XAG/USD continue to move within the framework of the development of a bullish correction and a descending channel. At the time of publication of the forecast, the Silver price is 29.07. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, indicating pressure from sellers and a potential continuation of the price decline from current levels. At the moment, we should expect an attempt to develop a decline in the metal price and a test of the support level near the 28.50 area. From where we should expect an upward…