Author: forex24pro

Bitcoin BTC/USD ends the trading week at the level of 26775 and continues to move as part of the development of the correction and the formation of the “Triangle” pattern. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continued growth in the asset’s quotes. At the moment, we should expect an attempt to develop a fall in the price of the coin and a test of the support area near the level of 24705. From where we can again expect a…

Ethereum ETH/USD ends the trading week at 1544 and continues to move within the fall and bullish channel. Moving averages indicate a bearish trend in ETH/USD. Prices have broken through the area between the signal lines downwards, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall from current levels. At the moment, we can expect an attempt to develop a price rise and a test of the resistance level near the 1725 area. From where we can again expect a downward rebound and a continuation of the fall in the rate and value of Ethereum with…

Litecoin LTC/USD ends the trading week at 61.25 and continues to move as part of the correction and formation of the “Triangle” pattern. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards. 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 a bullish price correction and a test of the resistance area near the level of 64.05. From where we can again expect a downward rebound…

Quotes of Silver XAG/USD end the trading week near the 22.10 area. Quotes continue to move within the growth and bullish channel. Moving averages indicate the presence of a sideways 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 21.05 area. Next, the price of Silver will…

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 the presence of a short-term downward trend in the pair. Prices are again testing the area between the signal lines, 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 1.0602. As part of the Forex forecast for October 12, 2023, we should expect an attempt…

The currency pair British Pound to US Dollar (GBP/USD) continues to move as part of the development of a bullish correction and a bearish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2292. Moving averages indicate a short-term bearish trend. Prices have broken through the area between the signal lines, which indicates pressure from sellers of the currency pair and a potential continuation of the instrument’s decline. At the moment, we should expect an attempt to develop a slight bullish correction in the British Pound rate against the American…

The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the development of a correction and a downward channel. Moving averages indicate a short-term bearish trend. Prices have broken through the area between the signal signals downwards, which indicates pressure from sellers of the currency pair and a potential continuation of the decline 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 0.6418. At the moment, we should expect an attempt to develop the growth of the pair…

The quotes of the USD/JPY currency pair continue to move as part of the development of the correction and the formation of the “Triangle” pattern. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 148.69. Moving averages indicate a short-term bullish trend for the pair. Prices moved up from the area between the signal lines, which indicates pressure from buyers of the US Dollar and a potential continuation of price growth from current levels. As part of the Japanese Yen exchange rate forecast for October 12, 2023, we should expect an attempt…

The quotes for Brent crude oil continue to move within the correction and bullish channel. At the time of publication of the forecast, the price of Brent oil is $87.44 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken through the area between the signal lines downwards, 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 correction and test the support level near the area of 83.65 dollars per…

The currency pair USD/CAD continues to move within the correction and bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3595. 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 correction and test the support level near the 1.3525 area. Next, a rebound upwards and continued growth of the…