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 30.64. Moving averages indicate a bearish 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 29.35. Where can we expect a rebound…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
The quotes of the currency pair NZD/USD continue to move as part of the development of the rise and the 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 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 Forex forecast, the exchange rate of the New Zealand Dollar to the US Dollar is 0.6132. At the moment, we should expect an attempt to…
The USD/CHF currency pair continues to move as part of the development of the correction and the formation of the bearish “Wolfe Wave” pattern. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc rate is 0.8968. 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 the growth of the US Dollar…
BTC/USD quotes are trading at 55875 and continue to move within the fall and downward channel. 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 forecast for the cryptocurrency rate for tomorrow, July 9, 2024, we should expect an attempt to develop an increase in the value of the digital asset and a test of the resistance level near the 57705…
ETH/USD are trading at the level of 2971 and continue to move as part of the development of the correction and the formation of the “Triangle” pattern. 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 3075 area. From where…
The Euro/Dollar currency pair EUR/USD ends the trading week with growth near the 1.0820 area. 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 European currency and a likely continuation of growth from current levels. As part of the Euro exchange rate forecast for the trading week, we should expect an attempt to develop a slight fall in the quotes of the EUR/USD pair and a test of the support area near the level of 1.0720. Where is the expected upward rebound…
BRENT oil quotes end the trading week near the area of 87.50 dollars per barrel. The potential remains to complete the formation of the “Triangle” model. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from commodity buyers and a potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a decline and test the support area near the level of 81.65. Then, it is worth considering a rebound upward and continued growth of oil to the area above the level of…
The currency pair Pound/Dollar GBP/USD ends the trading week as part of the development of a fall near the level of 1.2764. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the growth of the British Pound against the US Dollar from current levels. At this point, we should expect an attempt to develop a decline and test the support area near the level of 1.2625. Next, a rebound upward and a continuation of the rise in Pound/Dollar quotes to the area…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6728 area. The pair continues to move as part of the development of growth and the formation of the “Triangle” pattern. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continued growth in the value of the currency pair. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance area near the level of 0.6775. Then, a…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a bearish correction as part of the formation of the “Triangle” pattern. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the currency pair and potential continued growth in the near future. At the moment, we should expect an attempt to develop a decline and test the support level near the 1.3475 area. Then, a rebound upward and a continuation of the rise in quotes with a target above the level of 1.3985.…