Author: forex24pro

Stock index S&P 500 continue to move within the growth and bullish channel. Moving averages indicate a short-term upward 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 the growth of the stock index in the market from current levels. At the time of publication of the forecast, the index is trading at the level of 5644. At the moment, we can expect an attempt to develop a correction and a test of the support level near the area of ​​5565. From where we…

The euro fell from a four-week high after the Federal Reserve Chairman spoke. Jerome Powell noted that the Fed does not plan to lower the federal funds rate until there is confidence in a sustained decline in inflation to the target level of 2%. EUR/USD forecast Euro Dollar for July 10, 2024 The Euro/Dollar currency pair EUR/USD continues to move as part of the development of a minor correction and the completion of the formation of a large “Head and Shoulders” reversal pattern. We wrote about this in the Euro Dollar forecast for the week. Moving averages indicate a short-term…

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 1.2782. 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…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move as part of the development of a minor correction and development of the “Triangle” pattern. 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 0.6738. At the moment, we should expect an attempt to develop a fall…

The quotes of the USD/JPY currency pair continue to move as part of the development of growth after the breakdown of the downward correction channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 161.31. 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 buyers of the US Dollar and a potential continuation of price growth from current levels. As part of the forecast for the Japanese Yen rate on July 10, 2024, we should expect…

Brent oil quotes continue to move as part of the development of a strong bearish correction and a bullish channel. At the time of publication of the forecast, the price of Brent oil is $85.04 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 a decline and test the support level near the area of…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move as part of the development of the correction and after the breakdown of the lower boundary of the “Triangle” model. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3633. 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…

XAU/USD quotes continue to move as part of the development of the correction after the breakdown of the upper border of the “Triangle” pattern. At the time of publication of the forecast, the price of Gold today is 2360 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 potential continued 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 area of…

The quotes of XAG/USD continue to move as part of the development of the correction and bullish channel. At the time of publication of the forecast, the price of Silver is 30.73. 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 value of the metal and a test of the support level near the area of ​​29.65. Where can we expect a rebound…

The quotes of the currency pair NZD/USD continue to move as part of the development of a correction and a downward 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 buyers 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 0.6123. At the moment, we should expect an attempt to…