Author: forex24pro

Silver complete the trading week near the area of 23.67. Quotes continue to move within the framework of growth and left the limits of the descending channel. Moving averages indicate the presence of a bullish trend for the pair. Prices have broken through the area between the signal lines up, which indicates pressure from sellers of the metal and a potential continuation of the fall already from current levels. At the moment, we should expect an attempt to develop a decrease in the value of the asset and a test of the support level near the area of 22.95. Further,…

SHIBA INU ends the trading week at 0.00001151 and continues to move within the bullish correction and the downward 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 coin and a potential continuation of growth in the near future. As part of the SHIB/USD rate forecast for the next trading week, we should expect an attempt to develop an increase in the value of the digital asset and test the resistance area near the level of 0.00001225. From where a rebound down is expected…

Dogecoin ends the trading week at 0.0857 and continues to move within the correction and left the bullish channel. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the coin and a potential continuation of growth in the near future. As part of the DOGE/USD rate forecast for the next trading week, we should expect an attempt to develop a correction in the value of the digital asset and a test of the support area near the level of 0.0945. From where a rebound down is…

Currency pair Euro/Dollar EUR/USD continues to move as part of growth and a bullish channel. The potential for the formation of the “Diverging Formation” pattern remains. 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 EUR/USD exchange rate is 1.0896. As part of the Forex forecast for January 27, 2023, we should…

Currency pair Pound/Dollar GBP/USD continues to move as part of the development of a correction and a bullish channel. The potential for the formation of a double top reversal pattern remains on higher timeframes. At the time of the publication of the forecast, the Pound to the US Dollar exchange rate on Forex is 1.2387. 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 currency pair and a potential continuation of the growth of the instrument. At the moment, we should…

Currency pair Australian Dollar to US Dollar AUD/USD continues to move in growth and a bullish channel. Moving averages indicate a short-term uptrend. Prices have gone up from 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 the publication of the forecast, the Australian Dollar exchange rate against the US Dollar is 0.7112. 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 the correction and the downward channel. At the time of publication of the forecast, the US Dollar to the Japanese Yen is 129.82. 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 January 27, 2023, we…

Brent continues to rise due to the fact that investors expect a reduction in global supplies. The reopening of the Chinese economy makes crude oil consumption positive this year, with severe cases of Covid falling by 70%. The level of oil reserves in the US turned out to be lower than expected, which also supports the quotes. The data showed an increase of only 0.533 million barrels against expectations of 1 million barrels. Last month, oil inventories hit their highest level since mid-2021. OPEC is likely to maintain the current level of oil production until the next meeting. Investors also…

Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall and the formation of the “Triangle” model. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.3389. 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 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 price correction and a test of…

GOLD continue to move as part of the growth and the bullish 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 gone up from 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 a test of the support level near the 1905 area. Where should we expect a rebound…