Author: forex24pro

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 0.8975. 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 the level of 27232 and continue to move as part of the correction and the formation of the “Triangle” pattern. The capitalization of the Bitcoin cryptocurrency at the time of publication of the forecast is $532,316,105,284. 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 20, 2023, we should expect…

The ETH/USD quotes are trading at 1655 and continue to move as part of the development of a bullish correction and a downward channel. The capitalization of the Ethereum cryptocurrency at the time of publication of the forecast is $199,535,845,505. Moving averages indicate a short-term bearish trend for Ether. Prices are again testing 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…

The euro fell below $1.068, which is the lowest level in the last six months. It comes after the European Central Bank raised interest rates for the 10th time in a row and signaled it was going to pause its monetary tightening policy. ECB officials said current borrowing rates have reached a level where, if maintained long enough, they would contribute significantly to bringing inflation down to target. However, the Central Bank predicts that inflation will remain at high levels for a long time, despite the fact that it is declining. According to the ECB’s economic forecasts, average inflation in…

Quotes of BRENT oil end the trading week near the area of 94.08 dollars per barrel. The asset continues to move within the framework of growth 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 87.05. Then, it is worth considering a rebound upward and continued growth…

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 point, we should expect an attempt to develop a rise and test the resistance area near the level of 1.2515. Next, a rebound downwards and a continuation of the fall of Pound/Dollar quotes to the area below the level of 1.1685. GBP/USD Weekly Forecast September…

Currency pair Australian Dollar to US Dollar AUD/USD ends the trading week near the 0.6453 area. The pair continues to move as part of the development of the fall and the long-term downward channel. 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 0.6515. Then, a…

Currency pair Canadian Dollar to US Dollar USD/CAD ends the trading week near the level of 1.3515. The pair continues to move as part of the development of the correction and the 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 currency pair and potential continued growth 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 1.3365 area. Then, a rebound upward and continued growth of…

Quotes of the currency pair Dollar to Yen USD/JPY complete the trading week with growth near the area of 147.87. The pair continues to move within the rise and 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 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 141.55 area. Then, a rebound upward and continued growth of the pair…

GOLD ends the trading week with growth near the 1918 area. XAU/USD quotes continue to move within the correction and bullish channel. Moving averages indicate a bullish trend in Gold. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of price growth. At the moment, we should expect an attempt to develop a decline in prices and a test of the support level near the 1865 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2165. GOLD Weekly Forecast September…