Author: forex24pro

The quotes of XAU/USD continue to move within the growth framework and have left the bearish correction channel. At the time of publication of the forecast, the price of Gold is 2049 Dollars per Troy Ounce. Moving averages indicate a short-term bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers 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 2035 area. From where we can expect a rebound upward…

The quotes of XAG/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, prices for Silver are 23.04. Moving averages indicate a bearish 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 a bullish correction in the value of the metal and a test of the resistance level near the area of 23.25. Where can we…

The quotes of the currency pair NZD/USD continue to move as part of the development of a correction and a bearish 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 fall 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 0.6140. At the moment, we should expect an attempt to develop…

The USD/CHF currency pair continues to move within the fall and bullish channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc rate is 0.8594. 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 in the value of the asset from current levels. At the moment, we should expect an attempt to develop a bearish correction of the US Dollar against the Swiss Franc and a test of the support…

BTC/USD quotes are trading at 43526 and continue to move as part of a bullish correction and a bearish channel. Moving averages indicate a short-term bearish 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 2, 2024, we should expect an attempt to develop a bullish correction in the value of the digital asset and a test of the resistance level near…

ETH/USD quotes are trading at 2339 and continue to move as part of the development of a bullish correction and have left the ascending channel. Moving averages indicate a short-term bearish 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 bullish correction in the value of the coin and a test of the resistance level near the 2405 area. From where we can again…

Market making is a foundational activity in the financial sector, driving inquiries into its financial viability. The pivotal question, “Is market making profitable?”, motivates professionals and firms to continually refine their strategies. This exploration delves into the diverse elements influencing market making’s profitability, underscoring the importance of adept operations and meticulous risk management. Market Making: The Fundamentals Market making plays an indispensable role in the financial markets, offering liquidity to ensure seamless trading activities. Market makers, entities or individuals, propose both buy and sell prices for financial instruments, aiming to profit from the bid-ask spread. This function is crucial for…

The Euro/Dollar currency pair EUR/USD continues to move as part of the development of the fall and the bearish 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 European currency and a potential continuation of the fall in quotes of the asset pair from current levels. At the time of publication of the forecast, the Euro to US Dollar exchange rate is 1.0803. As part of the Forex forecast for January 31, 2024, we should expect an attempt to develop…

The currency pair British Pound to US Dollar (GBP/USD) continues to move as part of the development of the fall and the bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2673. 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 currency pair and potential continued growth of the instrument. At the moment, we should expect an attempt to develop the growth rate of the British Pound against the American Dollar and a test…

The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the development of a correction and a bearish channel. Moving averages indicate a short-term bearish trend. 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 fall in the value of the instrument from current levels. At the time of publication of the forecast, the Australian Dollar to US Dollar exchange rate is 0.6582. At the moment, we should expect an attempt to develop a bullish correction and a…