Author: forex24pro

Stock index S&P 500 continue to move within the bearish correction and bullish channel. Moving averages indicate a short-term upward trend. Prices are again testing 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 5655. At the moment, we can expect an attempt to develop a correction and a test of the support level near the area of ​​5535. From where…

The Euro/Dollar currency pair EUR/USD continues to move as part of the development of growth and the beginning of the development of the “Head and Shoulders” reversal pattern. 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 1.0898. As part of the Forex forecast for July 18,…

The Pound/Dollar GBP/USD currency pair continues to move as part of the development of a correction and strong growth and a bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.3037. 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 currency pair Australian Dollar to US Dollar (AUDUSD) continues to move as part of the development of a minor correction and an ascending channel. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, 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 0.6742. At the moment, we should expect an attempt to develop a correction and test the…

The quotes of the USD/JPY currency pair continue to move as part of the development of a sideways correction and have left the bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 156.39. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the US Dollar and a potential continuation of the fall in prices from current levels. As part of the Japanese Yen exchange rate forecast for July 18, 2024, we should…

Brent oil quotes continue to move as part of the development of the fall and the beginning of the development of the “Head and Shoulders” reversal pattern. At the time of publication of the forecast, the price of Brent oil is $83.62 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…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move as part of the development of a bullish correction and a downward channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3661. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, 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 growth in the price of the Canadian Dollar…

XAU/USD quotes continue to move within the growth and bullish channel. At the time of publication of the forecast, the price of Gold today is 2470 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 2420 area. From where we can expect a rebound upward and a continued rise in…

The quotes of XAG/USD continue to move as part of the development of growth and a bullish channel. At the time of publication of the forecast, the price of Silver is 30.86. 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 29.80 area. Where can we expect a rebound upward…

The quotes of the currency pair NZD/USD continue to move as part of the development of growth and a bullish channel. 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 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 0.6094. At the moment, we should expect an attempt to develop…