The quotes of the USD/JPY currency pair continue to move as part of the development of growth and a bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 149.96. 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 US Dollar and a potential continuation of price growth from current levels. As part of the Japanese Yen exchange rate forecast for February 21, 2024, we should expect an attempt to develop a…
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 for Brent 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 Brent oil is $83.23 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of Black Gold 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 bearish correction and a test of the support level near the…
The currency pair USD/CAD continues to move as part of the development of a bearish correction and a bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3472. 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 the potential continued growth 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 the 1.3440…
The quotes of XAU/USD continue to move as part of the development of a bullish correction and a bearish channel. At the time of publication of the forecast, the price of Gold is 2018 Dollars per Troy Ounce. Moving averages indicate a short-term 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 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 2025 area. From where we…
The quotes of XAG/USD continue to move as part of the development of the fall and have left the bullish correction channel. At the time of publication of the forecast, prices for Silver are 23.04. Moving averages indicate a bearish 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 22.60 area. Where can we…
The quotes of the currency pair NZD/USD continue to move as part of the development of the correction and the formation of the “Triangle” pattern. 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 0.6104. At the moment, we should expect…
The USD/CHF currency pair continues to move within the correction and bullish channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc rate is 0.8801. 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 US Dollar against the Swiss Franc and test the support area near the level…
BTC/USD quotes are trading at 52330 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 21, 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 50945 area. From…
ETH/USD quotes are trading at 2905 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 can expect an attempt to develop a decline in the value of the coin and a test of the support level near the 2835 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 1.0767 area. There is still potential for the formation of a “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, 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 1.0945. Where is the expected rebound downwards and the…