Author: forex24pro

Quotes of the currency pair New Zealand Dollar end the trading week within the framework of growth near the level of 0.6111. 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 currency pair and a potential continuation of growth from current levels in the market. At the moment, we should expect an attempt to develop a decline in the currency pair on Forex and a test of the support area near the level of 0.6075. Then, a rebound upward and continued growth…

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8951. The pair continues to move as part of the development of the correction and the downward channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the American currency and a potential continuation of the instrument’s decline from current levels. At the moment, we should expect an attempt to develop a price rise and a test of the resistance area near the level of 0.9025. Next, a rebound downwards and an attempt…

Bitcoin BTC/USD ends the trading week at the level of 57326 and continues to move as part of the development of the fall and the completion of the formation of the Double Top reversal pattern. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continued growth in the asset’s quotes. At the moment, we can expect an attempt to develop a bullish correction in the price of the coin and a test of the resistance area near the level of 58905. From where…

Ethereum ETH/USD ends the trading week at the level of 3076 and continues to move as part of the fall and the completion of the formation of the Double Top reversal pattern. Moving averages indicate a bullish trend for ETH/USD. Prices have broken through the area between the signal lines downwards, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall from current levels. At the moment, we can expect an attempt to develop a price rise and a test of the resistance level near the 3245 area. From where we can again expect a downward rebound…

Quotes of Silver XAG/USD end the trading week near the 30.75 area. Quotes continue to move as part of the development of strong growth and a bullish channel. Moving averages indicate a bullish trend for an asset. Prices have broken through the area between the signal lines upward, which indicates 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 value of the asset and a test of the support level near the area of ​​29.45. Next, the price of Silver will continue to…

Litecoin LTC/USD ends the trading week at 68.36 and continues to move in correction after a strong fall. Moving averages indicate 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 bullish price correction and a test of the resistance area near the level of 77.65. Where can we again expect a downward rebound and an attempt to continue the…

The Euro/Dollar currency pair EUR/USD continues to move as part of the development of aggressive growth and the completion of the formation of a large “Head and Shoulders” reversal pattern on the daily chart of the pair. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the area between the signal signals upward, which indicates pressure from buyers of the European currency and a potential continuation of growth in quotes of the asset pair from current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.0864.…

The Pound/Dollar GBP/USD currency pair continues to move as part of the development of strong growth and a bullish channel channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2905. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and potential continued growth of the instrument. At the moment, we should expect an attempt to develop the growth rate of the British Pound against the American Dollar and test the support area…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move as part of the development of strong growth and an ascending channel. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continuation of the growth in the value of the instrument from current levels. At the time of publication of the forecast, the Australian Dollar to US Dollar exchange rate is 0.6763. At the moment, we should expect an attempt to develop a correction and test the…

The quotes of the USD/JPY currency pair continue to move as part of the development of a strong fall and a downward channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 158.57. Moving averages indicate a short-term bullish 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 current levels. As part of the Japanese Yen exchange rate forecast for July 12, 2024, we should expect an…