The currency pair USD/CAD continues to move as part of the development of the fall and the bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3651. 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 of the price pair in the near future. At the moment, it is worth considering an attempt to develop a price rise and test the resistance level near the 1.3680…
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 XAU/USD 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 2342 Dollars per Troy Ounce. Moving averages indicate a short-term bearish trend. Prices moved up from the area between the signal lines, 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 2360 area. From where we can expect…
The quotes of XAG/USD continue to move as part of the development of the fall and the bearish channel. At the time of publication of the forecast, prices for Silver are 27.37. Moving averages indicate a downward trend. Prices are again testing the area between the signal lines, 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 growth in the value of the metal and a test of the resistance level near the area of 27.65. Where can we expect a downward…
The quotes of the currency pair NZD/USD continue to move as part of the development of 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 0.5951. At the moment, we should expect an attempt to develop…
The USD/CHF currency pair continues to move within the correction and bullish channel. There is still potential for the formation of a Double Top reversal pattern. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc rate is 0.9113. 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 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…
BTC/USD quotes are trading at 62611 and continue to move within the bearish correction and bullish 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 forecast for the cryptocurrency rate for tomorrow, April 30, 2024, we should expect an attempt to develop a decline in the value of the digital asset and a test of the support level near the…
ETH/USD are trading at 3191 and continue 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 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 an increase in the value of the coin and a test of the resistance level near the area of 3245. From where we can…
The Euro/Dollar currency pair EUR/USD ends the trading week with growth as part of the beginning of the development of the bullish “Wolfe Wave” model. Moving averages indicate a bearish trend. 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. At the moment, we should expect an attempt to develop a decline in the pair’s quotes and a test of the support area near the level of 1.0615. Where is the expected upward rebound and continued rise of the…
BRENT oil quotes end the trading week near the area of 88.24 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 83.45. 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 the formation of the “Triangle” pattern. 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 1.2435. Next, a rebound upward and continued growth of Pound/Dollar quotes to the area above the…