Currency pair Euro/Dollar EUR/USD continues to move as part of the fall and has left the bullish channel. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continuation of the growth of asset quotes already from current levels. At the time of the publication of the forecast, the Euro against the US Dollar is 1.0761. As part of the Forex forecast for February 8, 2023, we should expect an attempt to develop a…
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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.
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and has left the bullish channel. The potential remains to complete the formation of the Double Top reversal pattern on higher timeframes. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.2022. Moving averages indicate the presence of a short-term bullish 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…
Currency pair Australian Dollar to US Dollar AUD/USD continues to fall and form the Head and Shoulders reversal pattern. Moving averages indicate a short-term uptrend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continued growth 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 0.6890. At the moment, we should expect an attempt to develop the growth of the pair and test the resistance area near the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of growth and have left the limits of the downward channel. At the time of publication of the forecast, the US Dollar to the Japanese Yen is 132.26. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the sellers of the US Dollar and a potential continuation of the fall in prices already from current levels. As part of the forecast for the Japanese Yen on…
Brent continue to move within the correction and the downward channel. At the time of publication of the forecast, the price of Brent crude oil is $80.52 per barrel. Moving averages indicate a short-term bearish trend in oil. Prices have broken through the area between the signal lines down, which indicates pressure from the sellers of “Black Gold” 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 bullish correction and a test of the resistance level near the area of 80.45…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the correction and the downward channel. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.3440. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the price pair in the near future. At the moment, it is worth considering an attempt to develop a fall in prices and a test of the support level…
GOLD continue to move as part of a strong fall and a bullish channel. At the time of the publication of the forecast, the price of Gold is 1872 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bullish trend. Prices are again testing the area between the signal lines, 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 correction and test the support level near the 1840 area. Where should we expect a rebound upwards and…
Silver continue to move as part of the fall and the bullish channel. At the time of the publication of the forecast, the price of Silver is 22.53. Moving averages indicate a bullish 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 value already from current levels. At the moment, we should expect an attempt to continue the development of a correction in the value of the metal and a test of the support level near the area of 22.35. Where…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the fall and the completion of the formation of the Double Top reversal pattern. Moving averages indicate the presence of a short-term bullish 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…
Currency pair Dollar Franc USD/CHF continues to move within the correction and the downward channel. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9264. Moving averages indicate the presence of a short-term bearish trend for the pair. 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 already from current levels. At the moment, we should expect an attempt to develop a fall in the US Dollar against…