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 8831. Moving averages indicate the presence of 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…
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.
BTC/USD quotes are trading at 65615 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, March 7, 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 60405 area. From…
ETH/USD quotes are trading at 3724 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 area of 3425. From where we can again expect a rebound in…
The Euro/Dollar currency pair EUR/USD ends the trading week with a correction near the 1.0815 area. 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 continuation of the fall of the Euro Dollar. A potential target for decline is…
BRENT oil quotes end the trading week near the area of 83.18 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 81.05. 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 time, we should expect an attempt to develop a rise and test the resistance area near the level of 1.2675. 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 0.6502 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 have broken through 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, a rebound…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week with growth near the level of 1.3571. The pair continues to move as part of the development of the rise and the formation of the Head and Shoulders reversal pattern. Moving averages indicate a bullish 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 near future. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level…
Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with a correction near the 150.45 area. The pair continues to move within the growth and 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 US dollar and a potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a price rise and a test of the resistance level near the 151.25 area. Then, a rebound downward and the pair’s continued fall to the area…
Gold ends the trading week with growth near the 2054 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 2010 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2175. GOLD Forecast March 4…