The quotes of XAG/USD continue to move as part of the development of the fall and the formation of the “Head and Shoulders” reversal pattern. At the time of publication of the forecast, prices for Silver are 24.29. 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 bullish correction in the price of the metal and a test of the resistance level near the 24.55 area.…
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 of the currency pair NZD/USD continue to move as part of the development of growth and a bullish channel. 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 0.6336. At the moment, we should expect an attempt to develop…
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 0.8387. 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 a bullish correction of the US Dollar against the Swiss Franc and a…
The BTC/USD quotes are trading at 42982 and continue to move as part of the growth and formation of the “Triangle” pattern. Moving averages indicate a short-term bullish trend for Bitcoin. Prices are again testing the area between the signal lines, 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 cryptocurrency rate forecast for tomorrow, December 29, 2023, we should expect an attempt to develop a correction in the value of the digital asset and a test of the support level…
The ETH/USD quotes are trading at 2377 and continue to move as part of the development of growth and the beginning of the development of the “Triangle” model. Moving averages indicate a short-term bullish 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 support level near the 2285 area. From where we…
The Euro/Dollar currency pair EUR/USD ends the trading week with a bullish correction near the 1.1004 area. There is still potential for the formation of a Double Top reversal pattern. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the European currency and a likely continuation of growth 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 1.1045. Where is the expected rebound downwards and…
BRENT oil quotes end the trading week near the area of 79.75 dollars per barrel. There is still potential for the completion of the formation of the Double Bottom reversal pattern. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from commodity sellers and a potential continuation of the fall from current levels. At the moment, we should expect an attempt to develop a fall and test the support area near the level of 75.05. Then, it is worth considering a rebound upward and continued growth of oil to…
The Pound/Dollar GBP/USD currency pair ends the trading week as part of the development of growth and the formation of the “Wedge” reversal pattern. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upward, 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 1.2845. Next, a rebound downwards and the beginning of the fall of the Pound/Dollar quotes…
The currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6704 area. The pair continues to move as part of the development of a bullish correction and a bearish channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continued growth 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 0.6755. Then, a rebound…
The currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3377. The pair continues to move as part of the development of the fall and the bullish channel. Moving averages indicate a bullish 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 fall 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 1.3205 area. Then, a rebound upwards…