Silver continue to move as part of the growth and the downward channel. At the time of the publication of the forecast, Silver prices are at $ 24.88. Moving averages indicate a bearish trend. Prices have broken up the area between the signal lines, which indicates pressure from the buyers of the asset and a potential continuation of the rise in value from the current levels. At the moment, we should expect an attempt to develop a fall in the value of the metal and a test of the support level near the 23.85 area. Where can we expect a…
Author: forex24pro
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.
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the formation of the “Wedge” reversal pattern. Moving averages indicate a short-term bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the growth in the value of the instrument already from the current levels. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.7093. At the…
Currency pair Dollar Franc USD/CHF continues to move as part of the fall 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 0.8840. Moving averages indicate a short-term bearish trend for the pair. Prices went down from the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the asset value from the current levels. At the moment, we should expect an attempt to develop a depreciation of the US Dollar against the Swiss Franc…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the fall and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 73.42. Moving averages indicate a short-term bearish trend. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the US currency and the potential continued growth of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for December 17, 2020, we should expect an attempt to develop a correction…
BTC/USD are traded at the level of 19286 and continue to move within the growth and ascending channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $ 383,665,466,109. Moving averages indicate a short-term bullish trend for Bitcoin. Prices went up from the area between the lines, which indicates pressure from buyers of Digital Gold and a potential continuation of the growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, December 17, 2020, we should expect an attempt to develop a slight correction in…
LTC/USD are traded at 85.23 and continue to move as part of the growth and the formation of the “Triangle” pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 5,761,932,592. Moving averages indicate a short-term bullish trend for Litecoin. However, prices went up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a correction in the value of a digital asset and a test of…
XRP/USD are trading at 0.4892 and continue to move within the fall and the downtrend channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $ 22,891,117,555. Moving averages indicate a short-term bullish trend for Ripple. Prices are testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the XRP rate growth in the market already from current levels. At the moment, we should expect an attempt to develop an asset correction and test the support level near the 0.4545 area. Further, an upward rebound and…
Stock index S&P 500 continue to move as part of the growth and the beginning of the development of the “Triangle” model, which the buyers of the index have confidently broken up. At the time of the publication of the forecast, the index is trading at 3700. At the moment, we should expect an attempt to develop a correction and test the support level near the 3675 area. Where can we expect a rebound and a continued rise in the S&P 500 quotes to the area above the level of 3785. S&P 500 Forecast and Analysis December 17, 2020 An…
Ethereum are trading at 585.32 and continue to move as part of the growth and formation of the “Triangle” pattern. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $66,714,816,046. Moving averages indicate a short-term bullish trend for Ethereum. Prices are testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of the rise in the asset value from the current levels. At the moment, we should expect an attempt to correct the value of the coin and test the support level near the area of 560.05.…
Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and formation of the “Wedge” model. Moving averages indicate a short-term bullish trend for the pair. Prices went up from the area between the signal lines, which indicates pressure from buyers of the European currency and a potential continuation of growth from the current levels. At the time of the publication of the forecast, the Euro/US Dollar rate is 1.2158. As part of the Forex forecast for December 16, 2020, we should expect an attempt to grow and test the resistance level near the 1.2185 area. Further, the…