Author: forex24pro

Gold prices fell on Monday, falling below $2,300 an ounce, hitting their lowest level this month. The event occurred after the publication of strong employment data in the United States. The data in turn dampened expectations that the Federal Reserve will cut interest rates soon this year. A report released Friday showed the U.S. economy added 272,000 jobs in May, 100,000 more than analysts had forecast. Current numbers indicate a resilient labor market and significantly reduce the likelihood of a rate cut from the Fed in the near future. The probability of this event in September is already estimated at…

he quotes of XAG/USD 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, prices for Silver are 29.68. 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 28.95 area. Where can we expect an upward…

The quotes of the currency pair NZD/USD continue to move as part of the development of the fall and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, 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 0.6179. At the moment, we…

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 0.8963. 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 69527 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 have broken through the area between the signal lines upward, 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 cryptocurrency rate forecast for tomorrow, June 11, 2024, we should expect an attempt to develop a fall in the value of a digital asset and a test of the support level near…

ETH/USD are trading at 3680 and continue to move as part of the development of the correction and bullish channel. Moving averages indicate a short-term bullish trend for Ether. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of growth 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 ​​3475. From where we can again expect a rebound in prices…

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 ​​79.88 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 76.75. 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 1.2796. 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 time, we should expect an attempt to develop a rise and test the resistance area near the level of 1.2855. Next, a rebound downwards and a continuation of the fall of Pound/Dollar quotes to the area below the level…

The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6662 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…