The quotes of XAU/USD continue to move as part of the growth and the bearish channel. At the time of the publication of the forecast, the price of Gold is 1915 USD per Troy Ounce. Moving averages indicate the presence of a short-term bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the asset and a potential continuation of growth already 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 1915 area. Where should…
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 as part of the growth and the bullish channel. At the time of the publication of the forecast, the price of Silver is 24.31. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers and a potential continuation of the price growth from current levels. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the support level near the 24.05 area. Where should we expect a rebound upwards…
The quotes of the currency pair NZD/USD continue to move as part of the decline and the downward channel. Moving averages indicate the presence of a short-term bearish trend for the pair. 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 fall in the value of the instrument already 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 0.5908. At the moment, we should expect an attempt to…
The USD/CHF currency pair continues to move as part of growth and a bullish channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.8831. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices broke through the area between the signal lines up, which indicates pressure from buyers and a potential continuation of the growth in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a depreciation of the US Dollar against…
The BTC/USD quotes are trading at 26090 and continue to move within the correction and the bearish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $508,529,423,397. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines down, which indicates pressure from the sellers of “Digital Gold” and a potential continuation of the fall in the value of the asset already from current levels. As part of the cryptocurrency rate forecast for tomorrow, August 29, 2023, we should expect an attempt to develop…
The ETH/USD quotes are trading at 1646 and continue to move within the correction and the bearish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $198,345,208,557. Moving averages indicate the presence of a short-term bearish trend for Ethereum. Prices have broken through the area between the signal lines down, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a rise in the value of the coin and a…
The Euro/Dollar currency pair EUR/USD ends the trading week with a fall near the 1.0799 area. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the European currency and a likely continuation of the fall from current levels. At the moment, we should expect an attempt to develop the growth of quotes and test the resistance area near the level of 1.0955. Where is the expected rebound down and the continuation of the fall of the Euro Dollar. The potential target of the decline is the…
Quotes of BRENT oil complete the trading week near the area of 83.65 dollars per barrel. The asset continues to move within the correction and the bearish channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of raw materials and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a decline and test the support area near the level of 78.25. Then, it is worth considering a rebound upwards and the continuation of the growth of…
The currency pair Pound/Dollar GBP/USD completes the trading week as part of the development of the fall and the completion of the formation of the bearish Wolfe Wave model. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of the British Pound against the US Dollar already from current levels. At this point, we should expect an attempt to develop a rise and test the resistance area near the level of 1.2835. Further, a rebound down and the continuation of the…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6407. 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 down, 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 test the resistance area near the level of 0.6535. Then, a rebound…