Quotes of Silver XAG/USD end the trading week near the 24.14 area. Quotes continue to move within the growth and bullish channel. Moving averages indicate a bullish 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 23.35 area. Next, the price of Silver will continue to rise with a potential target above…
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 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 bullish 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 1.0754. As part of the Forex forecast for December 12, 2023, we should expect an attempt to develop…
The currency pair British Pound to US Dollar (GBP/USD) continues to move as part of the development of a decline and a bearish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2549. Moving averages indicate a short-term bearish 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 instrument’s decline. At the moment, we should expect an attempt to develop a bullish correction of the British Pound rate against the American Dollar…
The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the development of a bearish correction and a bullish channel. Moving averages indicate a short-term upward trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the growth 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 0.6565. At the moment, we should expect an attempt to develop a decline and test the…
The quotes of the USD/JPY currency pair continue to move as part of the development of a strong correction and a downward channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 146.30. 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 US Dollar and a potential continuation of the fall in prices from current levels. As part of the Japanese Yen exchange rate forecast for December 12, 2023, we should expect an…
The quotes for Brent crude oil continue to move within the correction and downward channel. At the time of publication of the forecast, the price of Brent oil is $76.22 per barrel. Moving averages indicate a short-term bearish trend in 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 growth and test the resistance level near the area of 78.05 dollars per barrel.…
The currency pair USD/CAD continues to move as part of the development of a correction and a bearish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3568. 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 of the price pair in the near future. At the moment, it is worth considering an attempt to develop a bullish price correction and a test of the resistance level…
The quotes of XAU/USD continue to move as part of the fall and the start of the bearish Wolfe Wave pattern. At the time of publication of the forecast, the price of Gold is 1977 Dollars per Troy Ounce. Moving averages indicate a short-term bullish 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 from current levels. At the moment, we can expect an attempt to develop a bullish correction and a test of the resistance level near the 1995 area. From…
The quotes of XAG/USD continue to move as part of the development of the fall and have left the bullish channel. At the time of publication of the forecast, prices for Silver are 22.75. 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 in value from current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of the metal and a test of the resistance level near the area of 23.25. Where…
The quotes of the currency pair NZD/USD continue to move as part of the development of the correction and the formation of the “Wedge” reversal pattern. Moving averages indicate a short-term bullish trend for the pair. Prices have broken upward in the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the growth 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 0.6120. At the moment, we should…