Author: forex24pro

SHIBA INU is trading at the time of the publication of the forecast at the level of 0.00000827, they continue to move within the correction and the downward channel. Moving averages indicate the presence of a short-term bullish trend for the coin. Prices have broken through the area with signal lines up, which indicates pressure from buyers of the coin and a potential continuation of growth already from current levels. As part of the SHIB/USD rate forecast, it is worth considering an attempt to develop a bullish correction in the value of a digital asset and a test of the…

Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.0673 and continues to move as part of growth and has left the descending channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the European currency and a likely continuation of growth already from current levels. At the moment, we should expect an attempt to develop a correction and test the support area near the level of 1.0545. Where is the expected rebound up and continued growth of the Euro Dollar. The…

BRENT complete the trading week near the area of 84.44 dollars per barrel. The asset continues to move as part of the growth and the completion of the formation of the “Wedge” reversal pattern. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of raw materials and a potential continuation of the decline already from current levels. At the moment, we should expect an attempt to develop a correction and test the support area near the level of 77.65. Then, it is worth considering a rebound upwards…

Currency pair Pound Dollar GBP/USD completes the trading week as part of the development of a decline near the area of 1.2061. The pair continues to move within the descending channel. 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 of the British Pound against the US Dollar already from current levels. At this time, we should expect an attempt to develop a fall and test the support area near the level of 1.1745. Further, a rebound upwards and continued growth…

Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 70.90 Rubles per US Dollar. The pair continues to move within the growth and bullish channel. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the US dollar and a likely continuation of the pair’s growth already from these levels. In the current trading week January 2 — 6, 2023 we should expect an attempt to develop a decline and test the support area near the level of 63.65. Where…

Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6774. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from the 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 0.6885. Then, a rebound and continued fall of AUD/USD with…

The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3555. The pair continues to move within the correction and the bullish channel. Moving averages indicate a bullish trend. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of growth in the near future. At the moment, we should expect an attempt to develop a slight correction and a test of the support level near the area of 1.3345. Then, a rebound upwards and the continuation of the rise…

Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week with a fall near the area of 131.93. The pair continues to move within the framework of the development of the decline and the formation of the “Head and Shoulders” reversal pattern. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the US dollar and a potential continuation of the rise. At the moment, we should expect an attempt to develop growth and test the resistance level near the area of 133.35. Then,…

GOLD completes the trading week with a correction near the 1815 area. XAU/USD quotes continue to move as part of the growth and the bullish channel. Moving averages indicate the presence of a bearish trend for Gold. Prices have broken through the area between the signal lines up, which indicates pressure from buyers and a potential continuation of price growth. At the moment, we should expect an attempt to develop a decrease in prices and a test of the support level near the area of 1725. Further, the continuation of the growth in the price of GOLD with a potential…

Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week as part of the growth near the level of 0.6330. Moving averages indicate the presence of a bearish trend for the pair. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the currency pair and a potential continuation of growth already from current levels on the market. At the moment, we should expect an attempt to continue the development of the bullish correction of the currency pair on Forex and test the resistance area near the level of…