Author: forex24pro

The quotes for Brent crude oil continue to move within the framework of strong growth and a bullish channel. At the time of publication of the forecast, the price of Brent oil is $94.71 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of Black Gold 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 correction and test the support level near the area of…

The currency pair USD/CAD continues to move within the bearish correction and bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3479. Moving averages indicate a short-term bullish trend for the pair. 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 price pair in the near future. At the moment, it is worth considering an attempt to develop a bearish correction and a test of the support level near the 1.3405 area. Next, a…

The quotes of XAU/USD continue to move within the growth framework and have left the bearish channel. At the time of publication of the forecast, the price of Gold is 1926 Dollars per Troy Ounce. Moving averages indicate a short-term bearish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the asset and potential continued growth from current levels. At the moment, we should expect an attempt to develop a correction and a test of the support level near the 1920 area. From where we can expect a rebound upward and…

The quotes of XAG/USD continue to move within the correction and bearish channel. At the time of publication of the forecast, prices for Silver are 23.04. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, 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 a decline in the value of the metal and a test of the support level near the area of 22.75. Where can we expect an upward rebound and continued growth in…

The quotes of the currency pair NZD/USD continue to move as part of the development of a sideways correction and a downward channel. 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 0.5909. At the moment, we should expect an attempt to…

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…