Author: forex24pro

The quotes of the USD/JPY currency pair continue to move within the framework of growth and a bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 149.77. 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 4, 2023, we should expect an attempt to develop a price correction and…

The quotes for Brent crude oil continue to move as part of the correction and the formation of the “Triangle” pattern. At the time of publication of the forecast, the price of Brent oil is $91.98 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of Black Gold 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 a correction and a test of the support level…

The currency pair USD/CAD continues to move within the framework of strong growth and a bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3647. 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 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 1.3565 area. Next, a rebound upwards…

The quotes of XAU/USD continue to move within the framework of an aggressive fall and a downward channel. At the time of publication of the forecast, the price of Gold is 1833 Dollars per Troy Ounce. 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 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 1845 area. From where we can…

The quotes of XAG/USD continue to move within a strong fall and bearish channel. At the time of publication of the forecast, prices for Silver are 21.37. Moving averages indicate a bearish 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 price of the metal and a test of the resistance level near the 21.85 area. Where can we expect a downward rebound and a…

The quotes of the currency pair NZD/USD continue to move as part of the development of a sideways correction and the formation of the “Triangle” pattern. Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, 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 0.5959. At the moment, we should expect…

The USD/CHF currency pair continues to move within the growth and bullish channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc rate is 0.9166. 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 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 a depreciation of the US Dollar against the Swiss Franc and a test of the support area near…

The BTC/USD quotes are trading at 28416 and continue to move as part of the growth and the beginning of the “Triangle” model. The capitalization of the Bitcoin cryptocurrency at the time of publication of the forecast is $552,469,195,007. Moving averages indicate a short-term bullish 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 forecast for the cryptocurrency rate for tomorrow, October 4, 2023, we should expect an…

The ETH/USD quotes are trading at 1717 and continue to move as part of the development of growth and have left the limits of the downward channel. The capitalization of the Ethereum cryptocurrency at the time of publication of the forecast is $206,561,797,326. Moving averages indicate a short-term bearish 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…

The euro continues to trade above $1.06 and investors are paying particular attention to the analysis of inflation trends in the Eurozone and their possible impact on monetary policy. Core inflation in the region fell to 4.5% in September, the lowest level in a year and below market expectations of 4.8%. However, the situation is heterogeneous: in Spain and Italy, inflation is accelerating, while in Germany it is slowing down to levels not seen since the beginning of the conflict in Ukraine. The prevailing view at the moment is that the European Central Bank is unlikely to make further interest…