The quotes of the USD/JPY currency pair continue to move as part of the development of the fall and have left the bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 158.00. 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 16, 2024, we should expect…
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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.
Brent oil quotes continue to move as part of the development of the fall and the completion of the formation of the “Head and Shoulders” reversal pattern. At the time of publication of the forecast, the price of Brent oil is $85.07 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 the correction and the beginning of the development of the “Triangle” pattern. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3641. 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 growth in…
XAU/USD quotes continue to move as part of the growth and the beginning of the “Triangle” pattern. At the time of publication of the forecast, the price of Gold today is 2411 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 2395 area. From where we can expect a rebound…
The quotes of XAG/USD continue to move as part of the development of a sideways correction after the bullish channel. At the time of publication of the forecast, the price of Silver is 30.67. 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 29.75. Where can we expect…
The quotes of the currency pair NZD/USD continue to move as part of the development of a correction and a 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 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 0.6093. At the moment, we should expect an attempt to…
The USD/CHF currency pair continues to move as part of the development of the fall and the formation of the downward “Wolfe Wave” pattern. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc rate is 0.8938. 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 a rise in the US Dollar…
BTC/USD quotes are trading at 62719 and continue to move within the framework of growth and have left the limits of the downward channel. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of Digital Gold and a potential continuation of growth in the value of the asset from current levels. As part of the cryptocurrency rate forecast for tomorrow, July 16, 2024, we should expect an attempt to develop a correction in the value of the digital asset and a test of the…
ETH/USD are trading at 3344 and continue to move as part of the development of growth and have left the limits of the downward channel. Moving averages indicate a short-term downward trend for Ethereum. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of growth in the value of the asset from current levels. At the moment, we can expect an attempt to develop a bearish correction in the value of the coin and a test of the support level near the area of 3235. From where we can…
The Euro/Dollar currency pair EUR/USD ends the trading week with growth near the 1.0889 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 1.0775. Where is the expected rebound upward…