Litecoin LTC/USD ends the trading week at 44.44 and continues to move as part of the decline and the downward channel. Moving averages indicate a bearish trend, which remains quite strong, prices will continue to push from the area between the signal lines. This indicates continued pressure from sellers. At the moment, we should expect an attempt to continue to decline and test the support area near the level of 39.55. Where again we should expect a rebound and an attempt to start Litecoin growth with a potential target above the level of 95.05. Litecoin Forecast and Analysis December 9…
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.
Bitcoin Cash ends the trading week at 210.64 and continues to move as part of the decline and the bearish channel. Moving averages indicate a bearish trend, which remains strong, as we see prices are 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 is expected and an attempt to grow Bitcoin Cash with…
Currency pair Euro/Dollar EUR/USD continues to move as part of the growth and bullish channel. Moving averages indicate a short-term bearish trend for the pair, which is nearing completion. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1092. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.1035. 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 1.1265. EUR/USD Forecast Euro Dollar December 6, 2019 An additional signal in favor…
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 pound to the US Dollar at FOREX is 1.3149. Moving averages indicate a short-term bullish trend. At the moment, we should expect an attempt to develop the depreciation of the British Pound and a test of the support area near the level of 1.3065. Where again we should expect a rebound and the continued rise in quotations of the British Pound currency pair against the US Dollar. The target of the upward movement of the…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the correction and formation of the «Triangle» model. Moving averages indicate a short-term bullish trend. Prices pierced the area between the signal lines up, which indicates pressure from the buyers of the pair. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6825. At the moment, we should expect an attempt to reduce and test the support area near the level of 0.6805. Further, the rebound and the beginning of the growth of quotations to the area above…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction 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 Japanese Yen is 108.72. Moving averages indicate the presence of a short-term bullish trend for the pair, prices are testing the area between the signal lines, which indicates a potential upward rebound. As part of the forecast for the Japanese Yen on December 6, 2019, we should expect an attempt to grow and…
Brent continue to move as part of the growth and formation of the «Triangle» model. At the time of the publication of the forecast, the price of Brent crude oil is $ 63.74 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices pierced the area between the signal lines up, which indicates pressure from buyers. At the moment, we should expect an attempt to continue the development of the correction and test the support level near the region of 62.35 dollars per barrel. Further, the continued growth of the oil rate in the region above the level…
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 1.3195. Moving averages indicate a short-term bullish trend for the pair. Prices pierced the area between the signal lines, indicating pressure from sellers. At the moment, we should expect an attempt to fall and test the support level near the area of 1.3135. Further, the rebound and continued growth of the currency pair.…
GOLD continue to move as part of the upward correction and the bearish channel. At the time of the publication of the forecast, the price of GOLD is 1477 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 6, 2019 An additional signal in favor of reducing…
Silver continue to move as part of the decline and the bearish channel. At the time of the publication of the forecast, the price of Silver is $ 16.90. 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 17.25. Where can we expect a rebound and the continuation of the fall in the price of Silver with a target below the level of 15.70. XAG/USD Forecast Silver and Analysis December 6, 2019 In favor…