Author: forex24pro

Gold ends the trading week with growth near the 2027 area. XAU/USD quotes continue to move within the growth and bullish channel. Moving averages indicate a bullish trend in Gold. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of price growth. At the moment, we should expect an attempt to develop a price correction and a test of the support level near the 2005 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2165. GOLD Forecast February 26…

Quotes of the currency pair New Zealand Dollar are finishing the trading week as part of the development of a fall near the level of 0.6206. Moving averages indicate a 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 growth from current levels in the market. At the moment, we should expect an attempt to develop a bearish correction of the currency pair on Forex and a test of the support area near the level of 0.6065. Then, a…

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8786. The pair continues to move within the development of growth and a bearish channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the American currency and a potential continuation of the instrument’s decline from current levels. At the moment, we should expect an attempt to develop price growth and test the resistance area near the level of 0.8975. Next, a rebound downwards and an attempt to continue the fall of the currency…

Bitcoin BTC/USD ends the trading week at the level of 51002 and continues to move as part of the development of growth and a bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continued growth in the asset’s quotes. At the moment, we can expect an attempt to develop a fall in the price of the coin and a test of the support area near the level of 47405. From where we can again expect a rebound upward and…

Ethereum ETH/USD ends the trading week at 2936 and continues to move within the growth and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices have broken through the area between the signal lines upward, which indicates pressure from cryptocurrency buyers and potential continued growth from current levels. At the moment, we can expect an attempt to develop price growth and a test of the resistance level near the 2645 area. From where we can again expect a downward rebound and a continuation of the fall in the rate and value of Ethereum with a potential target below…

Litecoin LTC/USD ends the trading week at 68.15 and continues to move within the correction and bullish channel. Moving averages indicate a bearish trend. Prices are again testing the area between the downward signal lines. This indicates pressure from sellers of the digital asset and a potential continuation of the fall in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop price growth and test the resistance area near the level of 80.15. From where we can again expect a downward rebound and an attempt to continue the fall in the…

Quotes of Silver XAG/USD end the trading week near the 22.77 area. Quotes continue to move within the correction and bullish channel. Moving averages indicate a bullish trend for an asset. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the metal and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a minor bearish correction in the value of the asset and a test of the support level near the area of 22.10. Further, the price of Silver will continue to…

The Euro/Dollar currency pair EUR/USD continues 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 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 1.0778. As part of the Forex forecast for February 21, 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 a correction and a downward channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2611. 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 currency pair and a potential continuation of the instrument’s fall. At the moment, we should expect an attempt to develop a rise in the rate of the British Pound against the American Dollar…

The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the development of a bullish correction and a bearish channel. 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 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 0.6536. At the moment, we should expect an attempt to develop a bullish correction and a…