GOLD completes the trading week near the area of 1475. XAU/USD quotes continue to move as part of the correction and the formation of the «Wedge» model. Moving averages indicate a bullish trend for GOLD, prices returned to the area between the signal lines, indicating a likely continuation of growth. At the moment, we should expect an attempt to reduce prices and test the support level near the area of 1465. Further, the continuation of the growth of the price of Gold with a potential target above the level of 1605. GOLD Price Forecast and Analysis December 16 — 20,…
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.
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6588. Moving averages indicate a bearish trend in the pair. However, prices broke through the area between the signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to fall and test the support area near the level of 0.6425. Then continued growth of the currency pair with a potential target above the level of 0.7135. NZD/USD Forecast and Analysis December 16 — 20, 2019 In favor of the growth of the NZD/USD currency pair, a test…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9839. The pair continues to move as part of the fall and the formation of the «Wolfe Wave» model. Moving averages indicate a flat trend. However, prices are above the signal lines, indicating pressure from buyers of the American currency. At the moment, we should expect an attempt to continue to reduce prices and test the support area near the level of 0.9625. Further, a rebound and an attempt to grow the pair with a potential target above the level of 1.0255. USD/CHF Forecast and Analysis December 16…
Bitcoin BTC/USD ends the trading week at 7234 and continues to move as part of the correction and the bearish channel. Moving averages indicate a flat trend. Prices have pierced the area between the signal lines down, indicating pressure from the sellers of the digital asset. At the moment, we should expect an attempt to continue the fall and test the support area near the level of 6325. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 9645. Bitcoin Forecast and Analysis December 16 — 20, 2019…
Ethereum ETH/USD ends the trading week at 142.23 and continues to move as part of the fall and the bearish channel. Moving averages indicate a bearish trend for ETH/USD. At the moment, we should expect an attempt to continue to decline and test the support level near the area of 125.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above 265.05. Ethereum Forecast and Analysis December 16 — 20, 2019 An additional signal in favor of raising the ETH/USD quotes for the current trading week December 16 — 20, 2019…
Ripple XRP/USD complete the trading week at 0.2168 and continue to move as part of the correction and the bearish channel. Moving averages indicate the presence of a bearish trend, continue to be repelled by signal lines, which indicates pressure from the bears. At the moment, we should expect an attempt to continue the decline and test the support area near 0.1655. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3705. Ripple Forecast and Analysis December 16 — 20, 2019 In favor of the growth of XRP/USD quotes…
Litecoin LTC/USD ends the trading week at 43.45 and continues to move as part of the decline and the formation of the «Wedge» model. Moving averages indicate a bearish trend, which remains quite strong, prices continue to push from the area between the signal lines. This indicates continued pressure from the bears. At the moment, we should expect an attempt to continue the fall and test the support area near the level of 39.05. Where again we should expect a rebound and an attempt to start Litecoin growth with a potential target above 95.85. Litecoin Forecast and Analysis December 16…
Bitcoin Cash ends the trading week at 210.37 and continues to move as part of the decline and the bearish channel. Moving averages indicate a bearish trend, which remains strong. As you can see, prices will stay below the level of signal lines, which indicates pressure from sellers. As part of the forecast for the BCH/USD rate for the next trading week, we should expect an attempt to continue to fall in the value of the digital asset and test the support area near the level of 155.05. Where again, a rebound and an attempt to grow Bitcoin Cash with…
Currency pair Euro/Dollar EUR/USD ontinues to move as part of the growth and formation of the «Wedge» model. Moving averages indicate a short-term bullish trend for the pair. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1128. At the moment, we should expect an attempt to grow and test the resistance level near the area of 1.1165. Further, the rebound and continued fall of the Euro/Dollar currency pair. The potential target of this movement is the area below the level of 1.0935. EUR/USD Forecast Euro Dollar December 13, 2019 An additional signal in favor of…
Currency pair Pound/Dollar GBP/USD continues to move as part of growth and the bullish channel. At the time of the publication of the forecast, the British Pound to the US Dollar at FOREX is 1.3158. Moving averages indicate a short-term bullish trend. At the moment, we should expect an attempt to increase the British Pound and a test of the resistance area near the level of 1.3215. Where again we should expect a rebound and a continued fall in quotations of the British Pound currency pair against the US Dollar. The purpose of the upward movement of the currency pair,…