The quotes of the currency pair NZD/USD continue to move as part of the development of strong growth and a downward channel. Moving averages indicate a short-term bearish 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 0.6017. At the moment, we should expect an attempt to…
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 USD/CHF currency pair continues to move within the fall and bullish channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc rate is 0.9043. 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 and a potential continuation of growth in the value of the asset from current levels. At the moment, we should expect an attempt to develop a rise in the US Dollar rate against the Swiss Franc and a test of the resistance area near…
BTC/USD quotes are trading at 65089 and continue to move as part of the growth and formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a short-term bearish 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 the fall in the value of the asset from current levels. As part of the cryptocurrency rate forecast for tomorrow, May 7, 2024, we should expect an attempt to develop a fall in the value of the digital asset and a test of…
ETH/USD are trading at 3193 and continue to move as part of the development of a correction and a downward channel. Moving averages indicate a short-term bearish trend for Ether. 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 can expect an attempt to develop a decline in the value of the coin and a test of the support level near the 2975 area. From where we can again expect a rebound in prices…
The Euro/Dollar currency pair EUR/USD ends the trading week with a slight increase as part of the beginning of the development of the bullish “Wolfe Wave” model. Moving averages indicate a 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 likely continuation of the fall from current levels. As part of the Euro exchange rate forecast for the trading week, we should expect an attempt to develop a decline in the quotes of the EUR/USD pair and a test of the support…
BRENT oil quotes end the trading week near the area of 88.21 dollars per barrel. There is still potential for the completion of the formation of the “Double Bottom” reversal pattern. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of raw materials and a potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a fall and test the support area near the level of 84.25. Then, it is worth considering a rebound upward and continued growth of oil…
The Pound/Dollar GBP/USD currency pair ends the trading week as part of the development of growth and a bullish channel. 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 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 1.2275. Next, a rebound upward and continued growth of Pound/Dollar quotes to the area above the level of 1.3075.…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6478 area. The pair continues to move as part of the development of the fall and the downward channel. Moving averages indicate a bearish 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 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 0.6575. Then, a…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with a fall near the level of 1.3758. The pair continues to move as part of the development of growth and the formation of a large “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and potential continued growth in the near future. At the moment, we should expect an attempt to develop growth and a test of the resistance level near the 1.3835 area.…
Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with an increase near the 155.52 area. The pair continues to move within the growth and bullish channel. Moving averages indicate a bullish trend. 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 growth from current levels. At the moment, we should expect an attempt to develop a price correction and a test of the support level near the 152.75 area. Then, a rebound upward and continued growth of the pair to the…