Author: forex24pro

Brent oil quotes continue to move as part of the development of the fall and the formation of the “Head and Shoulders” reversal pattern. At the time of publication of the forecast, the price of Brent oil is $84.98 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices are again testing the area between the signal lines, which indicates pressure from buyers of Black Gold and a potential continuation of growth in the value of the asset from current levels. At the moment, we should expect an attempt to develop growth and test the resistance level near…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move as part of the development of a decline and a downward channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3631. 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 of the price pair in the near future. At the moment, it is worth considering an attempt to develop a fall in the price of the Canadian…

XAU/USD quotes continue to move as part of aggressive growth and completion of the “Triangle” pattern. At the time of publication of the forecast, the price of Gold today is 2414 Dollars per Troy Ounce. 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 asset and a potential continuation of growth from current levels. At the moment, we can expect an attempt to develop a bearish correction and a test of the support level near the 2395 area. From where we can expect a…

The quotes of XAG/USD continue to move as part of the development of a correction after aggressive growth and a bullish channel. At the time of publication of the forecast, the price of Silver is 31.37. Moving averages indicate an upward trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of price growth from current levels. At the moment, we should expect an attempt to develop a decline in the price of the metal and a test of the support level near the 30.85 area. Where can we…

The quotes of the currency pair NZD/USD continue to move as part of the development of a correction and a bullish channel. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from sellers of the currency pair and a potential continuation of the decline in the value of the instrument from current levels. At the time of publication of the Forex forecast, the exchange rate of the New Zealand Dollar to the US Dollar is 0.6082. At the moment, we should expect an attempt to…

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 0.8940. 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…

BTC/USD quotes are trading at 57546 and continue to move as part of the fall and the formation of a reversal pattern. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of Digital Gold and a potential continuation of the fall in the value of the asset from current levels. As part of the cryptocurrency rate forecast for tomorrow, July 12, 2024, we should expect an attempt to develop an increase in the value of the digital asset and a test of the resistance…

ETH/USD are trading at 3119 and continue to move as part of the development of a bullish correction and a downward channel. Moving averages indicate a short-term downward trend for Ethereum. 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 can expect an attempt to develop a bullish correction in the value of the coin and a test of the resistance level near the 3225 area. From where we can again expect a…

The Euro/Dollar currency pair EUR/USD continues to move as part of the development of slight 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 1.0820.…

The Pound/Dollar GBP/USD currency pair continues to move as part of the development of the rise and bullish channel channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2826. 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 near…