Author: forex24pro

Brent oil quotes continue to move within the development of a fall and a bearish channel. At the time of publication of the forecast, the price of Brent crude oil is $78.38 per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices have broken 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…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the framework of the development of growth and a bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3858. Moving averages indicate a short-term upward trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates 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 a decline in the Canadian Dollar price and test the support…

XAU/USD quotes continue to move within the development of minor growth and a bullish channel. At the time of publication of the forecast, the price of Gold for today is 2391 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 2380 area. From where…

The quotes of XAG/USD continue to move within the framework of the development of the fall and the descending channel. At the time of the forecast publication, the Silver price is 27.91. The 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 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 28.25 area. From where we should expect a downward rebound…

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 0.5891. 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 0.8860. 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 66356 and continue to move within the development of a bearish correction and a bullish channel. Moving averages indicate the presence of a short-term upward trend for Bitcoin. Prices have broken through the area between the signal lines downwards, which indicates pressure from buyers of “Digital Gold” and a potential continuation of the asset’s value growth from the current levels. As part of the cryptocurrency rate forecast for tomorrow, July 31, 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 3324 and continue to move within the framework of the development of growth and a bullish channel. Moving averages indicate a short-term bearish trend for Ether. 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 3215 area. From where we should again expect an upward price rebound and continued growth in the…

Stock index S&P 500 continue to move within the fall and the beginning of the development of the Head and Shoulders reversal pattern. 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 asset sellers and a potential continuation of the fall of the stock index on the market from the current levels. At the time of publication of the forecast, the index is trading at 5505. At the moment, we should expect an attempt to develop a bullish correction and a test of…

In the world of cryptocurrency trading, finding the right platform is crucial. XS has emerged as a leading choice for both novice and experienced traders. This XS review explores how XS provides an exceptional trading experience, highlighting its features, benefits, and user-friendly interface. XS is a cutting-edge cryptocurrency trading platform that caters to various trading needs. It offers a comprehensive suite of tools and features to enhance trading efficiency and user satisfaction. From real-time market data to advanced trading tools, XS aims to provide a seamless trading experience. Selecting a trading platform involves evaluating multiple factors. XS stands out due…