Author: forex24pro

Quotes of the currency pair New Zealand Dollar are ending the trading week within the framework of a strong decline near the level of 0.5896. Moving averages indicate a bearish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the currency pair and a potential continuation of the fall from the current levels on the market. At the moment, we should expect an attempt to develop the growth of the currency pair on Forex and a test of the resistance area near the level of 0.5975. Then, a…

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8880. The pair continues to move within the framework of the development of the fall and the formation of the reversal model “Head and Shoulders”. The moving averages indicate the presence of a bearish 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 fall from the current levels. At the moment, we should expect an attempt to develop a price rise and a test of the resistance area…

Bitcoin BTC/USD ends the trading week at 67012 and continues to move within the development of growth and a bullish channel. Moving averages indicate the presence of a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and a potential continuation of the asset’s quotes growth. At the moment, we should expect an attempt to develop a bearish correction in the coin price and a test of the support area near the level of 56905. From where we should again expect an upward rebound and continued growth of the Bitcoin…

Ethereum ETH/USD ends the trading week at 3253 and continues to move within the correction and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices are again testing the area between the signal lines, which indicates pressure from cryptocurrency buyers and potential continued growth from current levels. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 2985 area. From where we should again expect an upward rebound and continued growth of the rate and cost of Ethereum with a potential target above the level of…

Quotes of Silver XAG/USD end the trading week near the 27.65 area. Quotes continue to move within the development of a bearish correction and a bullish channel. Moving averages indicate a bullish trend for the asset. Prices are again testing the area between the signal lines, 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 asset value and test the support level near the 26.75 area. Further, the continuation of the growth of the Silver price with a potential target above…

Litecoin LTC/USD ends the trading week at 70.91 and continues to move in correction. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the digital asset and a potential continuation of the fall in the Litecoin rate during the current trading week. At the moment, we should expect an attempt to develop a bearish price correction and a test of the support area near the level of 67.45. From where we should again expect an upward rebound and an attempt to continue the growth of the…

Quotes of the S&P 500 stock index are ending the week with a correction within the bullish channel. Moving averages indicate the presence of a short-term upward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and potential continuation of the stock index growth on the market from the current levels. At the time of the forecast publication, the index is trading at 5478. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the 5405 area. From where we…

The Euro/Dollar currency pair EUR/USD continues to move as part of the development of a sideways correction and a bullish channel. Moving averages indicate a short-term bullish trend for the pair. Prices are once again testing the area between the signal signals, 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 1.0846. As part of the Forex forecast for July 26, 2024, we should expect an attempt to…

The Pound/Dollar GBP/USD currency pair continues to move as part of the development of a bearish correction and a bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2870. 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 a depreciation of the British Pound against the American Dollar and a test of the support…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move as part of the development of the fall and the downward channel. Moving averages indicate a short-term bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the currency pair and a potential continuation of the fall 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 0.6601. At the moment, we should expect an attempt to develop a bullish correction and a…