Author: forex24pro

Quotes of Silver XAG/USD end the trading week near the 30.75 area. Quotes continue to move as part of the development of strong growth and a 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 ​​29.45. Next, the price of Silver will continue to…

Litecoin LTC/USD ends the trading week at 68.36 and continues to move in correction after a strong fall. 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 bullish price correction and a test of the resistance area near the level of 77.65. Where can we again expect a downward rebound and an attempt to continue the…

The Euro/Dollar currency pair EUR/USD continues to move as part of the development of aggressive growth and the completion of the formation of a large “Head and Shoulders” reversal pattern on the daily chart of the pair. 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 1.0864.…

The Pound/Dollar GBP/USD currency pair continues to move as part of the development of strong growth and a bullish channel channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2905. 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…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move as part of the development of strong growth and an ascending channel. 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 0.6763. 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 strong fall and a downward channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 158.57. 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 12, 2024, we should expect an…

Brent oil quotes continue to move as part of the development of the fall and the formation of the “Head and Shoulders” reversal pattern. At the time of publication of the forecast, the price of Brent oil is $84.98 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 resistance level near…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move as part of the development of a decline and a downward channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3631. 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 a fall in the price of the Canadian…

XAU/USD quotes continue to move as part of aggressive growth and completion of the “Triangle” pattern. At the time of publication of the forecast, the price of Gold today is 2414 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 a potential continuation of 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…

The quotes of XAG/USD continue to move as part of the development of a correction after aggressive growth and a bullish channel. At the time of publication of the forecast, the price of Silver is 31.37. 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 price of the metal and a test of the support level near the 30.85 area. Where can we…