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 1.3525. 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 correction and a test of the support level near…
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 growth and a bullish channel. At the time of publication of the forecast, the price of Gold is 2257 Dollars per Troy Ounce. 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 asset and potential continued growth from current levels. At the moment, we should expect an attempt to develop a decline and a test of the support level near the 2225 area. From where we can expect a rebound upward 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 25.09. 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 bearish correction in the value of the metal and a test of the support level near the 24.50 area.…
The quotes of the currency pair NZD/USD continue to move as part of the development of the fall and the downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the decline 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 0.5982. At the moment, we should expect an attempt to develop…
The USD/CHF currency pair continues to move within the growth and bullish channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc rate is 0.9006. 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 correction in the US Dollar rate against the Swiss Franc and a test of the support area…
BTC/USD quotes are trading at 69464 and continue to move within the growth and bullish 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, April 2, 2024, we should expect an attempt to develop a bearish correction in the value of the digital asset and a test of the support level near the 66865 area. From…
ETH/USD are trading at 3542 and continue to move as part of the development of the correction and bullish channel. Moving averages indicate a short-term upward trend for Ethereum. 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 3375 area. From where we can again expect a rebound in prices and…
The Euro/Dollar currency pair EUR/USD ends the trading week with a fall near the 1.0776 area. Moving averages indicate a bullish trend. 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. At the moment, we should expect an attempt to develop a rise in the pair’s quotes and a test of the resistance area near the level of 1.0895. Where is the expected rebound downwards and the continuation of the fall of the Euro Dollar. A potential target for decline…
BRENT oil quotes end the trading week near the area of 86.89 dollars per barrel. There is still potential for the completion of the formation of the Double Bottom reversal pattern. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, 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 83.95. Then, it is worth considering a rebound upward and continued growth of oil to the…
The Pound/Dollar GBP/USD currency pair ends the trading week as part of the development of a decline and has left the bullish channel. 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 the growth of the British Pound against the US Dollar from current levels. At this point, we should expect an attempt to develop a rise and test the resistance area near the level of 1.2685. Next, a rebound downwards and the beginning of the fall of the Pound/Dollar quotes to the…