The currency pair Euro to US Dollar (EUR/USD) continues to move as part of a strong fall and a 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 down, which indicates pressure from sellers of the European currency and a potential continuation of the fall in asset quotes already from current levels. At the time of the publication of the forecast, the Euro against the US Dollar is 1.0952. As part of the Forex forecast for August 4, 2023, we should expect an attempt…
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 currency pair British Pound to US Dollar (GBP/USD) continues to move as part of the development of the fall and the bearish channel. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.2726. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of the currency pair and a potential continuation of the fall of the instrument. At the moment, we should expect an attempt to develop a bullish correction of the…
The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of a strong fall and a downward channel. Moving averages indicate the presence of 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 fall in the value of the instrument already from current levels. At the time of publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.6551. At the moment, we should expect an attempt to develop the pair’s growth…
The quotes of the USD/JPY currency pair continue to move as part of the growth and the bullish channel. At the time of the publication of the forecast, the US Dollar to the Japanese Yen is 143.31. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the US Dollar and a potential continuation of price growth already from current levels. As part of the Japanese Yen exchange rate forecast for August 4, 2023, we should expect an attempt to…
The quotes for Brent crude oil continue to move as part of a strong downward correction and a bullish channel. At the time of publication of the forecast, the price of Brent oil is $83.02 per barrel. Moving averages indicate the presence of a short-term bullish trend in oil. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of Black Gold 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 correction and a test…
The currency pair USD/CAD continues to move as part of the growth and the bullish channel. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.3326. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines up, which indicates pressure from buyers and a potential continuation of the price pair growth in the near future. At the moment, it is worth considering an attempt to develop a correction and a test of the support level near the area of 1.3285.…
The quotes of XAU/USD continue to move within the correction and the bearish channel. At the time of the publication of the forecast, the price of Gold is 1936 Dollars 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 bearish correction and test the support level near the 1920 area. Where should we expect a rebound…
The quotes of XAG/USD continue to move as part of the fall. At the time of the publication of the forecast, the price of Silver is 23.73. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines up, which indicates pressure from the bulls and a potential continuation of the growth in value already from current levels. At the moment, we should expect an attempt to develop a fall in the value of the metal and a test of the support level near the area of 23.45. Where should we expect a rebound upwards…
The quotes of the NZD/USD currency pair continue to move as part of the fall 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 down, 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 0.6088. At the moment, we should expect an attempt…
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 0.8761. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines up, which indicates pressure from the bulls 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 correction in the US…