Bitcoin Cash ends the trading week at 187.24 and continues to move as part of the decline and the formation of the bullish «Wolfe Wave» model. Moving averages indicate a bearish trend, which remains strong. As you can see, prices continue to remain 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 the 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…
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 Euro/Dollar EUR/USD continues to move as part of the correction and the bullish channel. Moving averages indicate a short-term bullish trend for the pair. Prices again push off from the area between the signal lines, which indicates pressure from buyers. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1125. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.1085. Further, the rebound and continued growth of the Euro/Dollar currency pair. The potential target of this movement is the area above the level of…
Currency pair Pound/Dollar GBP/USD continues to move as part of the fall and the bullish channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.3071. Moving averages indicate a short-term bullish trend. At the moment, we should expect an attempt to depreciate the British Pound and test the support area near the level of 1.2895. Where again we should expect a rebound and continued growth of quotations of the British Pound currency pair against the US Dollar. The target of the upward movement of the currency pair, in the framework…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and formation of the «Head and Shoulders» reversal pattern. Moving averages indicate a short-term bullish trend. Prices again pushed from the area between the signal lines, indicating pressure from buyers. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6881. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.6905. Further, the rebound and the beginning of the fall of quotations in the area below 0.6745.…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of growth and a bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 109.18. Moving averages indicate a short-term bullish trend for the pair. As part of the forecast for the Japanese yen on December 20, 2019, we should expect an attempt to fall and test the support area near the level of 108.55. Further, the rebound and continued growth of the pair USD/JPY to the area above the level…
Brent continue to move as part of the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 66.44 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices continue to push from the area between the signal lines, indicating pressure from buyers. At the moment, we should expect an attempt to reduce and test the support level near the area of 64.45 dollars per barrel. Further, the continued growth of the oil rate in the region above the level of 70.15. Brent Crude Oil Forecast and…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the decline and the formation of the reversal pattern of the inverted «Head and Shoulders». At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3120. Moving averages indicate the presence of a short-term bearish trend for the pair. At the moment, we should expect an attempt to fall and test the support level near the area of 1.3090. Further, the rebound and continued growth of the currency pair. The potential target of such a…
GOLD continue to move as part of the correction and the formation of the «Wedge» model. At the time of the publication of the forecast, the price of GOLD is 1480 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. At the moment, we should expect an attempt to grow and test the resistance level near the area of 1485. Where can we expect a rebound and the continuation of the fall in the price of GOLD with a target below the level of 1420. XAU/USD Forecast and GOLD analysis December 20, 2019 An additional signal in favor…
Silver continue to move as part of the correction and the downward channel. At the time of the publication of the forecast, the price of Silver is 17.08 Dollars. Moving averages indicate a downward trend. At the moment, we should expect an attempt to develop a growth in the value of the metal and a test of the resistance level near the area of 17.15. Where can we expect a rebound and a continued fall in the price of Silver with a target below the level of 15.65. XAG/USD Forecast Silver and Analysis December 20, 2019 In favor of falling…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the growth and formation of the «Head and Shoulders» reversal pattern. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are again pushing from the area between the signal lines, which indicates pressure from buyers. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6601. At the moment, we should expect an attempt to grow and test the resistance level near the area of…