Author: forex24pro

Quotes of the currency pair Dollar/Yen USD/JPY complete the trading week with a fall near the area of 145.11. The pair continues to move within the decline and 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 US dollar and a potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 142.95 area. Then, a rebound upward and continued growth of the pair to…

Gold ends the trading week with growth near the 2040 area. XAU/USD quotes continue to move within the growth and bullish channel. Moving averages indicate a bullish trend in Gold. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of price growth. At the moment, we should expect an attempt to develop a price correction and a test of the support level near the 1965 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2285. GOLD Forecast January 8…

Quotes of the currency pair New Zealand Dollar are finishing the trading week within the framework of growth development near the level of 0.6217. Moving averages indicate a bearish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continuation of the fall from current levels in the market. At the moment, we should expect an attempt to develop a bullish correction of the currency pair on Forex and a test of the resistance area near the level of 0.6235. Then, a rebound…

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.8529. The pair continues to move as part of the development of the fall and 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 sellers of the American currency and a potential continuation of the instrument’s decline from current levels. At the moment, we should expect an attempt to develop a price fall and a test of the support area near the level of 0.8475. Next, a…

Bitcoin BTC/USD ends the trading week at 43913 and continues to move within the development of growth and a bullish channel. Moving averages indicate a bullish 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 asset’s quotes. At the moment, we can expect an attempt to develop a fall in the price of the coin and a test of the support area near the level of 40075. From where we can again expect a rebound upward and continued growth of the Bitcoin…

Ethereum ETH/USD ends the trading week at 2241 and continues to move within the growth and bullish channel. Moving averages indicate a bullish trend for ETH/USD. Prices have broken through the area between the signal lines upward, which indicates pressure from cryptocurrency buyers and potential continued growth from current levels. At the moment, we can expect an attempt to develop a price decline and a test of the support level near the 2145 area. From where we can again expect a rebound upward and continued growth in the rate and value of Ethereum with a potential target above the level…

Litecoin LTC/USD ends the trading week at 65.25 and continues to move within the fall and bearish channel. 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 70.35. From where we can again expect a downward rebound and an attempt to continue…

Quotes of Silver XAG/USD end the trading week near the 23.01 area. Quotes continue to move within the correction and bullish channel. Moving averages indicate a bullish 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. Further, the price of Silver will continue to rise…

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The Euro/Dollar currency pair EUR/USD continues to move as part of the development of the fall and the bullish channel. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continuation of the growth of quotes for the asset pair from current levels. At the time of publication of the forecast, the Euro to US Dollar exchange rate is 1.0915. As part of the Forex forecast for January 5, 2024, we should expect an attempt…