Author: forex24pro

The quotes of the USD/JPY currency pair continue to move as part of the development of growth after the breakdown of the downward correction channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 161.31. 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 buyers of the US Dollar and a potential continuation of price growth from current levels. As part of the forecast for the Japanese Yen rate on July 10, 2024, we should expect…

Brent oil quotes continue to move as part of the development of a strong bearish correction and a bullish channel. At the time of publication of the forecast, the price of Brent oil is $85.04 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 a decline and test the support level near the area of…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move as part of the development of the correction and after the breakdown of the lower boundary of the “Triangle” model. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3633. 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…

XAU/USD quotes continue to move as part of the development of the correction after the breakdown of the upper border of the “Triangle” pattern. At the time of publication of the forecast, the price of Gold today is 2360 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 area of…

The quotes of XAG/USD continue to move as part of the development of the correction and bullish channel. At the time of publication of the forecast, the price of Silver is 30.73. 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 upward, which indicates pressure from buyers 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 0.6123. At the moment, we should expect an attempt to…

The USD/CHF currency pair continues to move within the framework of growth development and has left the bullish channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc rate is 0.8976. 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 the growth of the US Dollar against the Swiss Franc and…

BTC/USD quotes are trading at 57556 and continue to move as part of a sideways correction 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 cryptocurrency rate forecast for tomorrow, July 10, 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 3060 and continue to move as part of the development of a 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 ​​3145. From where we can again expect a…

The Euro/Dollar currency pair EUR/USD continues to move as part of the development of growth and the completion of the formation of a large “Head and Shoulders” reversal pattern. Moving averages indicate a short-term bearish 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 1.0829. As part of the Forex forecast for July…