Author: forex24pro

The quotes for Brent crude oil continue to move within the framework of growth and have left the bearish channel. At the time of publication of the forecast, the price of Brent oil is $90.67 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 decline and test the support level near the area…

The currency pair USD/CAD continues to move within the growth and bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3687. 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 bearish correction and a test of the support level near the 1.3645 area. Next, a rebound upwards and continued…

The quotes of XAU/USD continue to move within the growth and bullish channel. At the time of publication of the forecast, the price of Gold is 1977 Dollars per Troy Ounce. Moving averages indicate a short-term bearish trend. Prices have broken through the area between the signal lines upward, 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 1945 area. From where we can expect a rebound upward and continued growth in…

The quotes of XAG/USD continue to move within the development of growth and a bearish channel. At the time of publication of the forecast, prices for Silver are 23.09. 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 correction in the value of the metal and a test of the support level near the area of 22.85. Where can we expect a rebound upward and continued…

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 0.5844. At the moment, we should expect an attempt to continue…

The USD/CHF currency pair continues to move within the framework of the fall and the downward channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc rate is 0.8919. 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 the growth of the US Dollar against the Swiss Franc and test the…

The BTC/USD quotes are trading at 30905 and continue to move within the growth and bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of publication of the forecast is $608,718,194,833. 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 the fall in the value of the asset from current levels. As part of the forecast for the cryptocurrency rate for tomorrow, October 24, 2023, we should expect an attempt to develop a decline…

The ETH/USD quotes are trading at 1675 and continue to move as part of the development of growth and a bearish channel. The capitalization of the Ethereum cryptocurrency at the time of publication of the forecast is $203,077,007,735. 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 correction in the value of the coin and a test of…

The Euro/Dollar currency pair EUR/USD ends the trading week with a correction near the 1.0591 area. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the European currency and a likely continuation of the fall 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 1.0685. Where is the expected rebound downwards and the continuation of the fall of the Euro Dollar. A potential downward target…

BRENT oil quotes end the trading week near the area of 93.35 dollars per barrel. The asset 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 raw materials and a potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a decline and test the support area near the level of 88.25. Then, it is worth considering a rebound upward and continued growth of oil to the area above the…