The quotes for Brent continue to move as part of the development of a bearish correction and a bullish channel. At the time of publication of the forecast, the price of Brent oil is $85.35 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…
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 currency pair USD/CAD continues to move as part of the development of the correction and bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3591. 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 the…
The quotes of XAU/USD continue to move as part of the development of a bearish correction and a bullish channel. At the time of publication of the forecast, the price of Gold is 2165 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 can expect an attempt to develop a bearish correction and a test of the support level near the 2155 area. From where we can expect a…
The quotes of XAG/USD continue to move as part of the development of the correction and bullish channel. At the time of publication of the forecast, prices for Silver are 24.65. 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 24.25 area. Where can we expect an upward rebound…
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 have broken through the area between the signal lines downwards, 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 0.6001. At the moment, we should expect an attempt to…
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 0.8981. 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 66796 and continue to move within the correction 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, March 27, 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 65095 area. From…
ETH/USD are trading at 3440 and continue to move as part of the development of growth and a 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 3285 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 1.0889 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 1.1065. 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 85.22 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 83.65. Then, it is worth considering a rebound upward and continued growth of oil to the…