The USD/CHF currency pair continues to move as part of the development of the fall and the formation of the downward “Wolfe Wave” pattern. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc rate is 0.8938. 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 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 rise in the US Dollar…
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.
BTC/USD quotes are trading at 62719 and continue to move within the framework of growth and have left the limits of the downward channel. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of Digital Gold and a potential continuation of growth in the value of the asset from current levels. As part of the cryptocurrency rate forecast for tomorrow, July 16, 2024, we should expect an attempt to develop a correction in the value of the digital asset and a test of the…
ETH/USD are trading at 3344 and continue to move as part of the development of growth and have left the limits of the downward channel. Moving averages indicate a short-term downward trend for Ethereum. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of growth in the value of the asset from current levels. At the moment, we can expect an attempt to develop a bearish correction in the value of the coin and a test of the support level near the area of 3235. From where we can…
The Euro/Dollar currency pair EUR/USD ends the trading week with growth near the 1.0889 area. Moving averages indicate a bearish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the European currency and a likely continuation of growth from 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 quotes of the EUR/USD pair and a test of the support area near the level of 1.0775. Where is the expected rebound upward…
BRENT oil quotes end the trading week near the area of 86.05 dollars per barrel. The potential remains to complete the formation of the “Triangle” model. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of raw materials and a potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a decline and test the support area near the level of 80.65. Then, it is worth considering a rebound upward and continued growth of oil to the area above the…
The currency pair Pound/Dollar GBP/USD ends the trading week as part of the development of strong growth near the level of 1.2959. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the growth of the British Pound against the US Dollar from current levels. At this point, we should expect an attempt to develop a decline and test the support area near the level of 1.2765. Next, a rebound upward and a continuation of the rise in Pound/Dollar quotes to the area…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6773 area. The pair continues to move as part of the development of growth and the beginning of the development of the “Triangle” pattern. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continued growth in the value of the currency pair. At the moment, we should expect an attempt to develop a bearish correction and a test of the support area near the level of…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a fall as part of the start of the “Triangle” pattern. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the currency pair and potential continued growth in the near future. At the moment, we should expect an attempt to develop growth and a test of the resistance level near the 1.3645 area. Then, a rebound downwards and a continuation of the fall in quotes with a target below the level of 1.3365.…
Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with growth near the area of 158.69. The pair continues to move within a strong decline and an ascending channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the US dollar and a potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a price correction and a test of the support level near the 157.95 area. Then, a rebound upward and continued growth of the pair…
GOLD ends the trading week with growth near the 2403 area. XAU/USD quotes continue to move as part of the rise and the beginning of the “Triangle” pattern. Moving averages indicate a bullish trend in Gold. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of price growth. At the moment, we should expect an attempt to develop a slight price correction and a test of the support level near the 2395 area. Next, prices will rebound upward and continue to grow in XAUUSD with a potential target above…