Author: forex24pro

The quotes of XAU/USD continue to move within the development of growth and a bearish channel. At the time of publication of the forecast, the price of Gold is 2034 Dollars per Troy Ounce. Moving averages indicate a short-term bearish 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 2045 area. From where we can expect a downward rebound and…

The quotes of XAG/USD continue to move as part of the development of the correction and bearish channel. At the time of publication of the forecast, prices for Silver are 22.52. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, 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 a bearish correction in the value of the metal and a test of the support level near the area of 22.25. Where can we expect…

The quotes of the currency pair NZD/USD continue to move as part of the development of growth and the beginning of the development of the “Triangle” model. 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 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 0.6198. At the moment, we…

The USD/CHF currency pair continues to move within the correction and bullish channel. There is still potential for the formation of a Head and Shoulders reversal pattern. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc rate is 0.8799. 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 the growth of the…

BTC/USD quotes are trading at 57288 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, February 28, 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 55705 area. From…

ETH/USD quotes are trading at 3257 and continue to move as part of the development of growth and a bullish channel. Moving averages indicate a short-term bullish trend for Ether. 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 decline in the value of the coin and a test of the support level near the 3065 area. From where we can again expect a rebound in prices…

The Euro/Dollar currency pair EUR/USD ends the trading week with a correction near the 1.0832 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 1.0965. 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 81.38 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 76.55. Then, it is worth considering a rebound upward and continued growth of oil to the…

The Pound/Dollar GBP/USD currency pair is completing the trading week as part of the development of a correction and the formation of a “Double Top” reversal pattern. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, 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 rise and test the resistance area near the level of 1.3175. Next, a rebound downwards and the beginning of the fall of…

The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6577 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 are again testing the area between the signal lines, 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 bearish correction and a test of the support area near the level of 0.6485. Then, AUD/USD will…