The USD/CHF currency pair continues to move within the development of growth and a descending channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc exchange rate is 0.8691. 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 current levels. At the moment, we should expect an attempt to develop an increase in the decline of the US Dollar against the Swiss Franc and 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.
BTC/USD quotes are trading at 59691 and continue to move within the development of the correction and the bullish channel. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices are again testing the area between the signal lines, which indicates pressure from sellers of “Digital Gold” and a potential continuation of the fall in the value of the asset from the current levels. As part of the cryptocurrency rate forecast for tomorrow, August 14, 2024, we should expect an attempt to develop a bearish correction in the value of the digital asset and a test of…
ETH/USD are trading at 2672 and continue to move within the framework of the development of a bullish correction and a bearish channel. Moving averages indicate a short-term bearish trend for Ether. 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 current levels. At the moment, we should expect an attempt to develop a bullish correction in the coin’s value and a test of the resistance level near the 2725 area. From where we should again expect a downward rebound in prices and a…
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 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 EUR/USD quotes and a test of the support area near the level of 1.0825. From where an upward rebound and continued rise of the Euro Dollar currency pair is expected in the current trading week. A potential growth…
BRENT oil quotes are ending the trading week near the $79.53 per barrel area. There is still potential for completing the formation of the Triangle model. 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 current levels. At the moment, we should expect an attempt to develop a decline and a test of the support area near the 75.05 level. 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 as part of the correction development near the level of 1.2763. 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 1.2725. Next, an upward rebound and a continuation of the rise in Pound Dollar…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6582 area. The pair continues to move within the development of the fall and the formation of the “Triangle” pattern. The moving averages indicate the presence of a bullish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from asset buyers and a potential continuation of the growth in the value of the currency pair. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance area near the 0.6735 level.…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with growth within the bearish channel. The moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and potential continuation of growth in the near future. At the moment, we should expect an attempt to develop a fall and test the support level near the 1.3625 area. Then, an upward rebound and continued growth of quotes with a target above the 1.4265 level. USD/CAD Forecast and Analysis August 12 — 16,…
Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week near the 146.54 area. The pair continues to move within the bullish correction and bearish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downwards, indicating pressure from sellers of the US dollar and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a bullish price correction and a test of the resistance level near the 149.05 area. Then, a rebound downwards and a continuation of the fall of…
GOLD ends the trading week with growth near the 2429 area. XAU/USD quotes continue to move within the growth and bullish channel. Moving averages indicate a bullish trend for Gold. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of price growth. At the moment, we should expect an attempt to develop a price correction and test the support level near the 2355 area. Next, a price rebound upwards and continued growth of XAUUSD with a potential target above the 2725 level. GOLD Forecast and Analysis August 12 — 16,…