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 0.9832. 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 0.9795. Then, a rebound and continued growth of the US Dollar against the Swiss Franc with a potential target above the level…
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 correction and the bearish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 62.60. 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 17, 2019, we should expect an attempt to grow and test the resistance level near the area of 63.35 Rubles per US Dollar. Then, a rebound…
BTC/USD are trading at 7094 and continue to move as part of the correction and the formation of the «Triangle» model. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $129 568 979 308. 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 17, 2019, one should expect an attempt to increase the value of a digital asset and test the resistance level near the area of 7185. Where again we should…
ETH/USD are trading at 139.26 and continue to move as part of the decline and the formation of the Triangle model. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $15 505 116 920. Moving averages indicate the presence of a short-term bearish trend for Ethereum. At the moment, we should expect an attempt to drop the value of the coin and test the support level near the area of 140.85. Where again we should expect a rebound and the continuation of the Ethereum rate drop with a potential target below the level…
LTC/USD are trading at 42.18 and continue to move as part of the fall and the downward channel. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $2 764 601 627. 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 42.85 area. Where again we should expect a rebound and continued decline in the rate of Litecoin with a potential target below the level of 40.35. Litecoin Forecast and LTC/USD Analysis December 17,…
XRP/USD are trading at 0.2102 and continue to move as part of the decline and the bearish channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $9 300 448 643. 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 grow a digital asset and test the resistance level near the 0.2275 area. Further, the continuation of the fall of cryptocurrency to the area below the level of…
BCH/USD are trading at 205.71 and continue to move as part of the correction and the formation of the «Triangle» model. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $3 774 748 747. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. Prices still continue to build on signal lines, indicating bearish pressure. As part of the cryptocurrency rate forecast for December 17, 2019, one should expect an attempt to increase the value of the asset and test the resistance level near the area of 207.15. Where again we should…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1116 area. The pair continues to move in the framework of growth and a downward channel. Moving averages indicate a downward trend in the pair. The pair again repels from the area between the signal lines, which indicates pressure from the bears. At the moment, we should expect an attempt to grow and test the resistance area near the level of 1.1195. Where is the rebound expected and the continuation of the fall of the Euro/Dollar. The potential target of the rise is the area below the level of…
BRENT complete the trading week near the region of 64.89 dollars per barrel. And it continues to move within the framework of the bullish correction and the downward channel. Moving averages indicate a downward trend, but prices have pierced the area between the signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to continue the development of growth and test the resistance area near the level of 65.25. Then a rebound and continued fall of oil to the area below the level of 52.55 dollars per barrel. BRENT oil Forecast and Analysis December 16…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.3343. The pair continues to move in the framework of strong growth. Moving averages indicate a bullish trend. At this, we should expect an attempt to reduce and test the support area near the level of 1.2825. Further, the rebound and the beginning of the growth of the Pound/Dollar quotes to the area above the level of 1.4485. GBP/USD Forecast and Analysis December 16 — 20, 2019 In favor of the rise of the British Pound, a test of the ascending trend line on the relative strength…