Author: forex24pro

XAU/USD quotes continue to move as part of the development of aggressive growth after breaking through the upper border of the “Triangle” pattern. At the time of publication of the forecast, the price of Gold today is 2385 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 area…

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 31.11. 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 ​​29.65. Where can we expect a rebound…

The quotes of the currency pair NZD/USD continue to move as part of the development of a correction and a downward channel. 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 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 0.6082. At the moment, we should expect an attempt to…

The USD/CHF currency pair continues to move as part of the development of growth and the formation of a downward “Wolfe Wave” pattern. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc rate is 0.8994. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines to the top, 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 rise in the US Dollar…

BTC/USD quotes are trading at 57603 and continue to move within a slight decline and a 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 11, 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…

ETH/USD are trading at 3098 and continue to move as part of the development of a bullish correction and a downward channel. 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 area of ​​3185. From where we can again expect…

Stock index S&P 500 continue to move within the growth and bullish channel. Moving averages indicate a short-term upward 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 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 5644. At the moment, we can expect an attempt to develop a correction and a test of the support level near the area of ​​5565. From where we…

The euro fell from a four-week high after the Federal Reserve Chairman spoke. Jerome Powell noted that the Fed does not plan to lower the federal funds rate until there is confidence in a sustained decline in inflation to the target level of 2%. EUR/USD forecast Euro Dollar for July 10, 2024 The Euro/Dollar currency pair EUR/USD continues to move as part of the development of a minor correction and the completion of the formation of a large “Head and Shoulders” reversal pattern. We wrote about this in the Euro Dollar forecast for the week. Moving averages indicate a short-term…

The Pound/Dollar GBP/USD currency pair continues to move as part of the development of the rise and bullish channel channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2782. 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 near…

The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move as part of the development of a minor correction and development of the “Triangle” pattern. 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 0.6738. At the moment, we should expect an attempt to develop a fall…