The quotes of the USD/JPY currency pair continue to move as part of the development of growth and a bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 148.57. Moving averages indicate a short-term bullish trend for the pair. 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 price growth from current levels. As part of the forecast for the Japanese Yen exchange rate on February 6, 2024, we should expect an attempt to…
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.
The quotes for Brent continue to move as part of the development of a strong fall and a bullish channel. At the time of publication of the forecast, the price of Brent oil is $81.16 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken through the area between the signal lines, which indicates pressure from sellers of Black Gold 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 and a test of the support level…
The currency pair USD/CAD continues to move within the framework of growth development and has left the bearish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3492. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines upward, 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 price correction and a test of the support level near the 1.3435…
The quotes of XAU/USD continue to move as part of a strong correction and have left the bearish correction channel. At the time of publication of the forecast, the price of Gold is 2021 Dollars per Troy Ounce. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, 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 2015 area. From where we can expect a rebound…
The quotes of XAG/USD continue to move as part of the development of the fall and the bearish channel. At the time of publication of the forecast, prices for Silver are 22.38. Moving averages indicate a bearish trend. Prices again broke through the area between the signal lines downwards, 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 price of the metal and a test of the resistance level near the 22.75 area. Where can we expect…
The quotes of the currency pair NZD/USD continue to move as part of the development of the fall and have left the bullish 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 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 0.6051. At the moment, we should expect an…
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 0.8690. Moving averages indicate a short-term bearish 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 near the level…
BTC/USD quotes are trading at 43238 and continue to move within the correction and 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 6, 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 the 43605 area. From…
ETH/USD quotes are trading at 2323 and continue to move as part of the development of the correction and have left the bullish channel. Moving averages indicate a short-term bearish trend for Ether. Prices have broken through the area between the signal lines downwards, 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 2385 area. From where we can again expect…
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 1.0851. As part of the Forex forecast for February 2, 2024, we should expect an attempt to develop…