Author: forex24pro

Litecoin LTC/USD ends the trading week at 65.64 and continues to move within the correction 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 69.65. Where can we again expect a downward rebound and an attempt to continue the…

Quotes of Silver XAG/USD end the trading week near the 23.31 area. Quotes continue to move as part of the correction and the formation of the “Triangle” pattern. 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 22.45 area. Next, the price of Silver will continue to…

The euro continues to decline. Quotes almost reached $1.05, which was the lowest level since the beginning of January. This decline was the most significant in recent months. The strengthening of the dollar was influenced by weak data on consumer confidence in Germany, as well as statements by representatives of the US Federal Reserve System calling for a tighter monetary policy. In addition, strong US economic performance also contributed to the dollar’s rise. Investor expectations are centered on key inflation data due out this week. The European Central Bank is not expected to raise interest rates in the near future,…

The currency pair British Pound to US Dollar (GBP/USD) continues to move as part of the development of an aggressive fall and a bearish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2138. 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 of the British Pound against the American Dollar…

The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the development of the fall and the formation of the “Triangle” pattern. 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 0.6373. At the moment, we should expect an attempt to develop the growth…

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 149.26. 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 September 29, 2023, we should expect an attempt to develop a price correction and…

The quotes for Brent crude oil continue to move within the growth and bullish channel. At the time of publication of the forecast, the price of Brent oil is $93.75 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 near the area of 92.15 dollars…

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 1.3517. 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 1.3470 area. Next, a rebound upwards and continued growth of…

The quotes of XAU/USD continue to move within a strong fall and a downward channel. At the time of publication of the forecast, the price of Gold is 1886 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 should expect an attempt to develop a bullish correction and a test of the resistance level near the 1895 area. From where we can expect a downward…

The quotes of XAG/USD continue to move within the fall and bearish channel. At the time of publication of the forecast, prices for Silver are 22.47. 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 growth in the value of the metal and a test of the resistance level near the area of 22.85. Where can we expect a downward rebound and a continuation of…