Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and upward channel. Moving averages indicate a short-term bearish 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 0.6850. At the moment, we should expect an attempt to continue to decline and test the support area near the level of 0.6795. Further, the rebound and the beginning of the growth of quotations to the area above 0.6965.…
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 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 108.86. 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 5, 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 $ 63.35 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices 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 the correction and test the resistance level near the area of 63.75 dollars per barrel. Further, the continuation of the fall in the oil rate to the area below the…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall 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 1.3145. Further, the rebound and continued growth of the currency pair.…
GOLD continue to move as part of the upward correction and the downward channel. At the time of the publication of the forecast, the price of GOLD is 1469 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 1415. XAU/USD Forecast and GOLD analysis December 5, 2019 An additional signal in favor of reducing…
Silver continue to move as part of the decline and the downward channel. At the time of the publication of the forecast, the price of Silver is 16.83 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 17.35. 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 5, 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 the bullish channel. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices are above the area between the signal lines, which indicates the pressure from the bulls in the pair. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6528. At the moment, we should expect an attempt to reduce and test the support level near the area of 0.6475. Further,…
Currency pair Dollar Franc USD/CHF continues to move as part of the correction. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9890. Moving averages indicate the presence of a short-term bearish trend for the pair. At the moment, we should expect an attempt to increase the dollar against the Franc and test the resistance area near the level of 0.9925. Then, a rebound and continued depreciation of the US Dollar against the Swiss Franc with a potential target below 0.9785. USD/CHF Forecast Dollar Franc December 5, 2019…
Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 63.89. Moving averages indicate a short-term bearish trend, prices are again testing the area between the signal lines, which suggests a fall in the value of the US currency from current levels. As part of the USD/RUB forecast for tomorrow, December 5, 2019, we should expect an attempt to lower and test the support level near the area…
ETH/USD are trading at 144.83 and continue to move as part of a slight increase. Ethereum cryptocurrency capitalization at the time of the publication of the forecast is $16 277 333 519. 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 142.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 175.05. Ethereum Forecast and ETH/USD Analysis December 5, 2019…