Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the decline and the formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3160. Moving averages indicate a short-term bullish trend for the pair. At the moment, we should expect an attempt to fall and test the support level near the area of 1.3130. Further, the rebound and continued growth of the currency pair. The potential target of such a movement of the instrument on Forex…
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.
GOLD continue to move as part of the correction and the downward channel. At the time of the publication of the forecast, the price of GOLD is 1475 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 1480. Where can we expect a rebound and the continuation of the fall in the price of GOLD with a target below the level of 1425. XAU/USD Forecast and GOLD analysis December 18, 2019 An additional signal in favor of reducing the…
Silver continue to move as part of the growth and bearish channel. At the time of the publication of the forecast, the price of Silver is 16.98 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 the continuation of the fall in the price of Silver with a target below the level of 15.75. XAG/USD Forecast Silver and Analysis December 18, 2019 In favor of…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the decline. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are testing the area between the signal lines, indicating a probable upward rebound. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6571. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6595. Further, within the framework of the forecast and Forex analysis…
Currency pair Dollar Franc USD/CHF continues to move as part of the correction and formation of the «Wedge» model. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9812. Moving averages indicate the presence of a short-term bearish trend for the pair. At the moment, we should expect an attempt to depreciate the Dollar against the Franc and test the support area near the level of 0.9785. Then, a rebound and continued growth of the US Dollar against the Swiss Franc with a potential target above the level…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of a slight decline and a downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 62.43. Moving averages indicate a short-term bearish trend. Prices are again pushing from the area between the signal lines, indicating pressure from sellers of American currency. As part of the USD/RUB forecast for tomorrow, December 18, 2019, we should expect an attempt to grow and test the resistance level near the area of 62.65 Rubles per US Dollar. Then, a…
BTC/USD are trading at 6722 and continue to move as part of the fall and the bearish channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $123 519 391 620. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices continue to build on signal lines, indicating pressure from sellers. As part of the cryptocurrency rate forecast for tomorrow, December 18, 2019, one should expect an attempt to increase the value of a digital asset and test the resistance level near the area of 7045. Where again we should expect a rebound…
ETH/USD are trading at 126.30 and continue to move as part of the decline and the bearish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $14 153 725 992. Moving averages indicate the presence of a short-term bearish trend for Ethereum. At the moment, we should expect an attempt to increase the value of the coin and test the resistance level near the area of 140.05. Where again we should expect a rebound and the continuation of the Ethereum rate drop with a potential target below the level of 102.55. Ethereum…
LTC/USD are trading at 38.02 and continue to move as part of the fall and the downward channel. The capitalization of Litecoin cryptocurrency at the time of the publication of the forecast is $2 502 986 870. Moving averages indicate the presence of a short-term downward trend in Litecoin. At the moment, we should expect an attempt to slightly increase the asset and test the resistance level near the area of 41.55. Where again we should expect a rebound and continued decline in the rate of Litecoin with a potential target below the level of 30.35. Litecoin Forecast and LTC/USD…
XRP/USD are trading at 0.1910 and continue to move as part of the decline and the downward channel. Ripple cryptocurrency capitalization at the time of the publication of the forecast is $8 579 336 669. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices are below the signal line area, which indicates pressure from cryptocurrency sellers. At the moment, we should expect an attempt to develop a correction of the digital asset and a test of the resistance level near the 0.2135 area. Further, the continuation of the fall of cryptocurrency to the area below the…