XAU/USD quotes continue to move as part of the development of a correction and the formation of a “Head and Shoulders” reversal pattern. At the time of publication of the forecast, the price of Gold is 2314 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 2330…
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 29.35. 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 price growth from current levels. At the moment, we should expect an attempt to develop a decline in the price of the metal and a test of the support level near the area of 29.05. Where can we…
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 bearish trend for the pair. Prices are again testing the area between the signal lines downwards, which indicates pressure from sellers of the currency pair and a potential continuation of the fall 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 0.6144. At the moment, we should expect an…
The USD/CHF currency pair continues to move as part of the development of a bullish correction and a bearish channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc rate is 0.8967. 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 a bullish correction of the US Dollar against the Swiss…
BTC/USD quotes are trading at 67504 and continue to move as part of the correction and have left the bearish channel. Moving averages indicate a short-term bullish trend for Bitcoin. Prices are again testing the area between the signal lines, which indicates pressure from buyers of Digital Gold and a potential continuation of growth in the value of the asset from current levels. As part of the forecast for the cryptocurrency rate for tomorrow, June 13, 2024, we should expect an attempt to develop a fall in the value of the digital asset and a test of the support level…
ETH/USD are trading at 3528 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 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 bearish correction in the value of the coin and a test of the support level near the 3415 area. From where we can again expect a…
The Euro/Dollar currency pair EUR/USD continues to move as part of the development of the fall and the beginning of the “Double Top” reversal pattern. 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 European currency and a potential continuation of the fall in quotes of the asset pair from current levels. At the time of publication of the forecast, the Euro to US Dollar exchange rate is 1.0745. As part of the Forex forecast for June 12, 2024, we should…
The Pound/Dollar GBP/USD currency pair continues to move as part of the development of the correction and bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2727. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, 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 a depreciation of the British Pound against the American Dollar and a test of the support area near the…
The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the development of the correction and bullish channel. 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 currency pair and a potential continuation of the fall 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 0.6597. At the moment, we should expect an attempt to develop growth and test the resistance area…
The quotes of the USD/JPY currency pair continue to move as part of the development of a correction and a bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 157.23. 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 exchange rate for June 12, 2024, we should expect an attempt…