Author: forex24pro

Last week, gold prices slightly increased, reaching $1,873 per ounce. The rise was driven by the release of the US Consumer Expenditures and Prices (PCE) report, which indicated moderation in inflation pressures. The core PCE price index, the Federal Reserve’s preferred measure of inflation, came in at 3.9% in August, the weakest since September 2021, in line with market expectations. The overall inflation rate also corresponds to forecasts and amounted to 3.5%. Personal income and expenses continue to grow at a stable pace and are in line with the expectations of economic analysts. However, despite these indicators, gold prices remain…

Quotes of the currency pair New Zealand Dollar against the US Dollar NZD/USD end the trading week within the framework of the fall near the level of 0.6026. Moving averages indicate a 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 from current levels in the market. At the moment, we should expect an attempt to develop a bullish correction of the currency pair on Forex and a test of the resistance area near the level of 0.6075.…

Currency pair Dollar Franc USD/CHF ends the trading week near the level of 0.9124. The pair continues to move within the framework of growth. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the American currency and a potential continuation of the instrument’s growth from current levels. At the moment, we should expect an attempt to develop a price decline and a test of the support area near the level of 0.8955. Next, a rebound upwards and an attempt to continue the growth of the currency…

Bitcoin BTC/USD ends the trading week at the level of 27011 and continues to move as part of the development of the correction and bullish channel. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall in asset prices. At the moment, we can expect an attempt to develop a decline in the price of the coin and a test of the support area near the level of 26765. From where we can again expect a rebound upward and…

Ethereum ETH/USD ends the trading week at 1673 and continues to move within the correction and bullish channel. Moving averages indicate a bearish trend in ETH/USD. Prices have broken through the area between the signal lines downwards, which indicates pressure from cryptocurrency sellers and a potential continuation of the fall from current levels. At the moment, we can expect an attempt to develop a price fall and a test of the support level near the 1530 area. From where we can again expect a rebound upward and continued growth in the rate and value of Ethereum with a potential target…

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…