Author: forex24pro

Quotes of Silver XAG/USD end the trading week near the 29.53 area. Quotes continue to move within the bearish correction and bullish channel. Moving averages indicate a bullish trend for an asset. Prices have broken through the area between the signal lines upward, which indicates pressure from metal buyers and potential continued growth from current levels. At the moment, we should expect an attempt to develop a bearish correction in the value of the asset and a test of the support level near the 27.60 area. Next, the price of Silver will continue to rise with a potential target above…

Litecoin LTC/USD ends the trading week at 72.57 and continues to move within the correction and bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downwards. This indicates pressure from sellers of the digital asset and a potential continuation of the fall in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a price correction and a test of the support area near the level of 67.55. From where we can again expect a rebound upward and an attempt to continue to…

The Euro/Dollar currency pair EUR/USD continues to move as part of the development of the correction and the formation of the “Wedge” reversal pattern. 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 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 1.0805. As part of the Forex forecast for June 21, 2024, we should expect…

The Pound/Dollar GBP/USD currency pair continues to move as part of the development of decline and the formation of the bullish “Wolfe Wave” pattern. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2678. Moving averages indicate a short-term bearish 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 instrument’s decline. At the moment, we should expect an attempt to develop the growth rate of the British Pound against the American Dollar and…

The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the development of the correction and the formation 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 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 0.6659. At the moment, we should expect an attempt to develop a decline…

The quotes of the USD/JPY currency pair continue to move as part of the development of strong growth and a bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 158.52. 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 21, 2024, we should expect an attempt…

Brent oil quotes 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 Brent oil is $84.94 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 sellers of Black Gold 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 decline and test the support level near the area of ​​83.45 dollars…

Currency pair US Dollar Canadian Dollar USD/CAD continues to move as part of the development of decline and the formation of the “Triangle” pattern. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3703. 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 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 price decline and a test…

XAU/USD quotes continue to move as part of the development of growth and a bearish channel. At the time of publication of the forecast, the price of Gold is 2339 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 bullish correction and a test of the resistance level near the 2345 area. From where we can expect a downward rebound and…

The quotes of XAG/USD continue to move as part of the development of growth and the beginning of the development of the “Wedge” reversal pattern. At the time of publication of the forecast, prices for Silver are 30.18. 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 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 ​​29.45.…