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 1903 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 1910 area. From where we can expect a rebound…
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 XAG/USD continue to move within the fall and bearish channel. At the time of publication of the forecast, prices for Silver are 22.90. 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 23.15. Where can we expect a downward rebound and a continuation of…
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 0.5962. 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 0.9141. 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 26184 and continue to move as part of a sideways correction and the formation of a “Triangle” pattern. The capitalization of the Bitcoin cryptocurrency at the time of publication of the forecast is $511,830,518,287. Moving averages indicate a short-term bearish 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 cryptocurrency rate forecast for tomorrow, September 28, 2023, we should expect an attempt…
The ETH/USD quotes are trading at 1585 and continue to move as part of the development of the fall and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of publication of the forecast is $191,045,798,698. Moving averages indicate a short-term bearish trend for Ether. Prices moved down from the area between the signal lines, 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 can expect an attempt to develop a rise in the value of the coin and a test…
Against the backdrop of recent events in the eurozone, including the growth of the HCOB Eurozone Composite PMI indicator to 47.1 in September 2023, we have to consider interesting dynamics in the forecast for the euro/dollar exchange rate. Although this figure increased moderately compared to the previous month, it still indicates a significant decline in business activity towards the end of the third quarter, especially in manufacturing. Across the eurozone, there has been a significant decline in orders, with the backlog at its lowest level in several years. The rate of new job creation in the current growth period remains…
Quotes of BRENT oil end the trading week near the area of 92.53 dollars per barrel. The asset continues to move within the correction and has left the long-term 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 raw materials and a potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a decline and test the support area near the level of 87.65. Then, it is worth considering a rebound upward and continued growth of oil…
The currency pair Pound/Dollar GBP/USD ends the trading week in a downward trend. 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 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 1.2565. Next, a rebound downwards and a continuation of the fall of Pound/Dollar quotes to the area below the level of 1.1265. GBP/USD Weekly Forecast September…
Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6431 area. The pair continues to move as part of the development of the correction and the formation of the “Triangle” 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 asset and a potential continuation of the fall 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 0.6475.…