Author: forex24pro

Quotes of Silver XAG/USD end the trading week near the 23.10 area. Quotes continue to move within the growth and bearish channel. Moving averages indicate a bearish trend for an asset. Prices have broken through the area between the signal lines upward, which indicates pressure from metal buyers and potential continued growth 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 21.95 area. Further, the price of Silver will continue to rise with a potential target above…

The Euro/Dollar currency pair EUR/USD ends the trading week with a fall near the 1.0516 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 1.0695. 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 88.86 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 86.45. Then, it is worth considering a rebound upward and continued growth of oil to the area above the…

The Pound/Dollar GBP/USD currency pair ends the trading week as part of the development of a fall and a bearish channel. Moving averages indicate a bullish trend. 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 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 1.2225. Next, a rebound downwards and a continuation of the fall of Pound/Dollar quotes to the area below…

The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6308 area. The pair continues to move as part of the development of an aggressive bullish correction and a bearish channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, 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 bullish correction and a test of the resistance area near the level of 0.6425.…

The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3683. The pair continues to move within 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 currency pair and potential continued growth in the near future. At the moment, we should expect an attempt to develop a bearish correction and a test of the support level near the 1.3585 area. Then, a rebound upward and continued growth of quotes with…

Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with growth near the area of 149.59. The pair continues to move within the rise 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 decline and a test of the support level near the 144.95 area. Then, a rebound upward and continued growth of the pair to the…

Gold ends the trading week with growth near the 1889 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 downwards, indicating pressure from sellers and a potential continuation of the price fall. At the moment, we should expect an attempt to develop a decline in prices and a test of the support level near the 1845 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2035. GOLD Weekly Forecast…

Quotes of the currency pair New Zealand Dollar against the US Dollar NZD/USD end the trading week within the framework of the fall near the level of 0.5906. Moving averages indicate a 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 fall from current levels in the market. At the moment, we should expect an attempt to develop a bullish correction of the currency pair on Forex and a test of the resistance area near the level of…

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.9081. The pair continues to move as part of the development of the correction and the bullish 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 fall from current levels. At the moment, we should expect an attempt to develop a price decline and a test of the support area near the level of 0.8915. Next, a rebound upwards and an attempt to…