Currency pair US Dollar Canadian Dollar USD/CAD continues 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 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 a fall in the price…
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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.
XAU/USD quotes continue to move as part of the development of the correction after the breakdown of the upper boundary of the downward channel. At the time of publication of the forecast, the price of Gold today is 2358 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 2325 area.…
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 30.64. Moving averages indicate a bearish 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 29.35. Where can we expect a rebound…
The quotes of the currency pair NZD/USD continue to move as part of the development of the rise and the 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 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 Forex forecast, the exchange rate of the New Zealand Dollar to the US Dollar is 0.6132. At the moment, we should expect an attempt to…
The USD/CHF currency pair continues to move as part of the development of the correction and the formation of the bearish “Wolfe Wave” pattern. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc rate is 0.8968. 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…
BTC/USD quotes are trading at 55875 and continue to move within the fall and 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 9, 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 the 57705…
ETH/USD are trading at the level of 2971 and continue to move as part of the development of the correction and the formation of the “Triangle” pattern. 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 3075 area. From where…
The Euro/Dollar currency pair EUR/USD ends the trading week with growth near the 1.0820 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 1.0720. Where is the expected upward rebound…
BRENT oil quotes end the trading week near the area of 87.50 dollars per barrel. The potential remains to complete the formation of the “Triangle” model. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from commodity buyers 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 81.65. Then, it is worth considering a rebound upward and continued growth of oil to the area above the level of…
The currency pair Pound/Dollar GBP/USD ends the trading week as part of the development of a fall near the level of 1.2764. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, 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 1.2625. Next, a rebound upward and a continuation of the rise in Pound/Dollar quotes to the area…