XAU/USD quotes continue to move as part of the development of the correction and bearish channel. At the time of publication of the forecast, the price of Gold is 2319 Dollars per Troy Ounce. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the asset and a potential continuation of the fall 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 2350 area. From where we can expect a…
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.
The quotes of XAG/USD continue to move as part of the development of the correction and the formation of the “Wedge” reversal pattern. At the time of publication of the forecast, prices for Silver are 29.21. Moving averages indicate a bullish 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 decline in the value of the metal and a test of the support level near the 28.85 area. Where…
The quotes of the currency pair NZD/USD continue to move as part of the development of the fall and have left the bullish channel. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the area between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continuation of the rise 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 0.6111. At the moment, we should expect an…
The USD/CHF currency pair 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 Forex forecast, the US Dollar to Swiss Franc rate is 0.8922. Moving averages indicate a short-term bearish trend for the pair. 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 should expect an attempt to develop a bullish correction of the US Dollar against the…
BTC/USD quotes are trading at 65708 and continue to move within the correction and bearish channel. Moving averages indicate a short-term bullish 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, June 18, 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 66405 area. From…
ETH/USD are trading at 3521 and continue to move as part of the development of a bearish correction and a bullish channel. Moving averages indicate a short-term bullish trend for Ether. Prices are again testing 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 bearish correction in the value of the coin and a test of the support level near the area of 3435. From where we can again expect…
The Euro/Dollar currency pair EUR/USD ends the trading week with growth near the 1.0893 area. Moving averages indicate a bullish 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 the quotes of the EUR/USD pair and a test of the resistance area near the level of 1.0965. Where is the expected rebound downwards and the continuation of…
BRENT oil quotes end the trading week near the area of 82.52 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 downwards, which indicates pressure from commodity sellers and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a fall and test the support area near the level of 74.55. Then, it is worth considering a rebound upward and continued growth of oil to the area above the level…
The currency pair Pound/Dollar GBP/USD ends the trading week as part of growth development near the level of 1.2731. 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 1.2605. Next, a rebound upward and a continuation of the rise in Pound/Dollar quotes to the area above the level…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6622 area. The pair continues to move as part of the development of a bullish correction and the formation of a large “Triangle” pattern. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continued growth in the value of the currency pair. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance area near the level of…