Silver continue to move within the fall and the descending channel. At the time of the forecast release, Silver prices are at $ 22.17. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, which indicates pressure from the sellers of the asset and a potential continuation of the fall in value from the current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of the metal and a test of the resistance level near the 22.85 area. Where can we expect a rebound and the continuation…
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 growth and the ascending channel. Moving averages indicate a short-term bullish trend for the pair. Prices broke the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the rise in the value of the instrument. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.7018. At the moment, we should expect an attempt to continue the development…
Currency pair Dollar Franc USD/CHF continues to move as part of the correction and the formation of an inverted “Head and Shoulders” reversal pattern. As you can see, the price has reached the level of the formation of the right “Shoulder” of the model. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9031. 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…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the growth and the beginning of the development of the bullish “Wolfe Wave” pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 76.21. Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the US currency and a potential continued growth of the US Dollar against the Russian Ruble. As part of the dollar exchange rate forecast for December 1, 2020, we…
BTC/USD are trading at the level of 18663 and continue to move within a good growth and an upward channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $345,348,163,800. 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 1, 2020, we should expect an attempt to develop a correction in…
Ethereum are trading at 586.00 and continue to move as part of the growth and the ascending channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $66,673,747,795. Moving averages indicate a short-term bullish trend for Ethereum. Prices went up from the area between the signal lines, which indicates pressure from buyers and a potential continuation of the growth of 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 565.05. Where…
LTC/USD are traded at 79.31 and continue to move within a strong growth and an upward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $5,224,543,574. Moving averages indicate a short-term bearish trend for Litecoin. However, prices have broken through the area between the signal lines upward, 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 the resistance level near…
XRP/USD are traded at 0.6310 and continue to move as part of the correction and the formation of the “Triangle” pattern. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $28,448,057,713. Moving averages indicate a short-term bullish trend for Ripple. Prices are still above the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the rise in the XRP rate in the market from current levels. At the moment, we should expect an attempt to develop an asset correction and a test of the support level near…
Stock index S&P 500 continue to move in the framework of the correction and the beginning of the development of the next “Triangle” model. At the time of the publication of the forecast, the index is trading at the level of 3610. At the moment, we should expect an attempt to develop a correction and test the support level near the 3575 area. Where can we expect a rebound and a continued rise in the S&P 500 quotes to the area above the level of 3625. S&P 500 Forecast and Analysis December 1, 2020 An additional signal in favor of…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1921 area. The pair continues to move within the framework of the growth and the ascending channel. Moving averages indicate a bullish trend for the pair. Prices bounced back from the area between the signal lines, which indicates pressure from buyers of the European currency and the likely continuation of growth from the current levels. At the moment, we should expect an attempt to develop a fall and a test of the support area near the level of 1.1765. Where is the rebound and continued growth expected from the…