Brent oil quotes continue to move within the framework of growth development and have left the bearish channel. At the time of publication of the forecast, the price of Brent oil is $85.52 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken through the area between the signal lines upward, 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 84.85…
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.
Currency pair US Dollar Canadian Dollar USD/CAD continues to move as part of the development of the correction and bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3677. 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 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 price decline and a test of the support…
XAU/USD quotes continue to move as part of the development of the correction and the formation of the “Triangle” pattern. At the time of publication of the forecast, the price of Gold is 2324 Dollars per Troy Ounce. Moving averages indicate a short-term bearish 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 bullish correction and a test of the resistance level near the 2345 area. From where we can expect…
The quotes of XAG/USD 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, prices for Silver are 29.07. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the fall in value from current levels. At the moment, we should expect an attempt to develop a rise in the value of the metal and a test of the resistance level near the area of 29.55. Where can…
The USD/CHF currency pair continues to move as part of the development of a bullish correction and a downward channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc rate is 0.8999. Moving averages indicate a short-term bearish trend for the pair. 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 should expect an attempt to develop a bearish correction of the US Dollar against the Swiss Franc…
BTC/USD quotes are trading at 63238 and continue to move within the growth and downward channel. Moving averages indicate a short-term bearish trend for Bitcoin. Prices are again testing the area between the signal lines, 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 2, 2024, we should expect an attempt to develop a decrease in the value of the digital asset and a test of the support level near the 60405 area.…
ETH/USD are trading at 3487 and continue to move as part of the growth development and bearish channel. Moving averages indicate a short-term downward trend for Ethereum. Prices are again testing the area between the signal lines, 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 bearish correction in the value of the coin and a test of the support level near the 3265 area. From where we can again expect a rebound in prices and continued…
The Euro/Dollar currency pair EUR/USD ends the trading week with a fall near the 1.0693 area. Moving averages indicate a bearish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the European currency and a likely continuation of the decline 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 1.0650. Where is the expected…
BRENT oil quotes end the trading week near the area of 85.95 dollars per barrel. The potential remains to complete the formation of the “Triangle” model. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of raw materials 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 77.45. Then, it is worth considering a rebound upward and continued growth of oil to the area above the…
The currency pair Pound/Dollar GBP/USD ends the trading week as part of the development of a fall near the level of 1.2634. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, 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 1.2455. Next, a rebound upward and a continuation of the rise in Pound/Dollar quotes to the area above…