Author: forex24pro

Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with growth near the area of ​​157.24. The pair continues to move within a strong decline and an ascending channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the US dollar and a potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a price correction and a test of the support level near the 156.45 area. Then, a rebound upward and continued growth of the pair…

GOLD ends the trading week with growth near the 2420 area. XAU/USD quotes continue to move as part of the correction and after breaking through the upper boundary of the “Triangle” pattern. Moving averages indicate a bullish trend in Gold. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of price growth. At the moment, we should expect an attempt to develop a slight price correction and a test of the support level near the area of ​​2385. Next, prices will rebound upward and continue to grow in XAUUSD…

Quotes of the currency pair New Zealand Dollar end the trading week within the framework of the fall near the level of 0.6036. 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 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 0.5895. Then, a rebound upward and…

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8880. The pair continues to move as part of the development of the fall and the formation of the “Head and Shoulders” reversal pattern. 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 0.8945. Next,…

Bitcoin BTC/USD ends the trading week at 64168 and continues to move within the development of growth and a bullish channel. 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 bearish correction in the price of the coin and a test of the support area near the level of 57305. From where we can again expect a rebound upward and continued growth of the Bitcoin rate…

Ethereum ETH/USD ends the trading week at 3436 and continues to move within the growth and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices have broken through the area between the signal lines upward, which indicates pressure from cryptocurrency buyers and a potential continuation of growth from current levels. At the moment, we can expect an attempt to develop a price decline and a test of the support level near the 2845 area. From where we can again expect a rebound upward and continued growth in the rate and value of Ethereum with a potential target above…

Quotes of Silver XAG/USD end the trading week near the 29.37 area. Quotes continue to move as part of the development of the correction and the 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 ​​29.15. Next, the price of Silver will continue to…

Litecoin LTC/USD ends the trading week at 71.18 and continues to move in correction. 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 bearish price correction and a test of the resistance area near the level of 66.65. From where we can again expect a rebound upward and an attempt to continue to grow in the…

The Euro/Dollar currency pair EUR/USD continues to move as part of the development of a minor 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 1.0927. As part of the Forex forecast for July 19, 2024, we should expect an attempt to…

The Pound/Dollar GBP/USD currency pair continues to move as part of the development of the correction and bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2978. 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 area near…