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 exchange rate of the US Dollar to the Swiss Franc is 0.9052. 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…
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.
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 75.98. 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 2, 2020, we…
BTC/USD are traded at 18855 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 $ 349,125,786,320. 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 2, 2020, we should expect an attempt to develop a correction in the value of a…
Ethereum are traded at 585.87 and continue to move within the correction and the ascending channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $ 66,362,008,413. 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 505.05. Where can…
LTC/USD are traded at 83.43 and continue to move as part of the correction after a strong growth and an upward channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $ 5,486,348,703. Moving averages indicate a short-term bullish trend for Litecoin. Prices are testing 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 the…
XRP/USD are traded at 0.5963 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 $ 27,649,390,914. Moving averages indicate a short-term bullish trend for Ripple. Prices are above the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the XRP rise in the market from current levels. At the moment, we should expect an attempt to develop an asset correction and test the support level near the 0.4955 area. Further, an…
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 3658. At the moment, we should expect an attempt to develop a correction and test the support level near the 3635 area. Where can we expect a rebound and a continued rise in the S&P 500 quotes to the area above the level of 3725. S&P 500 Forecast and Analysis December 2, 2020 An additional signal in favor of…
Currency pair Euro/Dollar EUR/USD continues to move within the framework of strong growth and the formation of a downward pattern “Wolfe Wave”. 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 1.1963. As you can see, after a strong fear, the bulls were able to seize the initiative. As part of the Forex forecast for December…
Currency pair Pound/Dollar GBP/USD continues to move as part of the continued growth of growth and the development of the bearish “Wolfe Wave” pattern. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3340. Moving averages indicate a short-term bullish trend. Prices pushed up from the area between the signal lines, which indicates pressure from buyers of the currency pair and the potential continued growth of the instrument. At the moment, we should expect an attempt at a bullish correction of the British Pound against the US Dollar…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and the formation of the downward “Wolfe Wave” pattern. Moving averages indicate a short-term bullish trend. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the growth of the instrument’s value from the current levels. At the time of the publication of the forecast, the rate of the Australian Dollar to the US Dollar is 0.7376. At the moment, we should expect an attempt to develop growth and test…