BTC/USD are trading at 7465 and continue to move as part of the growth and upward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $135 022 327 416. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices have pierced the area between the signal lines, indicating pressure from buyers of the leading digital asset. As part of the cryptocurrency rate forecast for tomorrow, December 5, 2019, we should expect an attempt to drop the value of the digital asset and test the support level near the area of 7195. Where…
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.
LTC/USD are trading at 45.18 and continue to move as part of the correction and the upward channel. The capitalization of Litecoin cryptocurrency at the time of the publication of the forecast is $2 927 520 526. Moving averages indicate the presence of a short-term downward trend in Litecoin. At the moment, we should expect an attempt to slightly decrease and test the support level near the 42.35 area. Where again we should expect a rebound and continued growth of the Litecoin rate with a potential target above the level of 53.05. Litecoin Forecast and LTC/USD Analysis December 5, 2019…
XRP/USD are trading at 0.2169 and continue to move as part of the correction. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $9 508 885 472. Moving averages indicate the presence of a short-term downward 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 a test of the resistance level near the 0.2335 area. Further, the continued fall of cryptocurrency to the area below the level of 0.1565. Ripple Forecast and…
BCH/USD are trading at 212.39 and continue to move as part of the correction and the bullish channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $3 869 737 165. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. Prices are still pushing away from signal lines, and bear pressure remains. As part of the cryptocurrency forecast for December 5, 2019, one should expect an attempt to reduce the value of the asset and test the support level near the area of 205.05. Where again we should expect a rebound…
Currency pair Euro/Dollar EUR/USD continues to move in the framework of strong growth and an upward channel. An inverted «Head and Shoulders» reversal pattern is also formed here. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have pierced the area between the signal lines, indicating pressure from Euro buyers. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1076. At the moment, we should expect an attempt to reduce and test the support level near the 1.1005 area. Further, the rebound and continued growth of the Euro/Dollar currency pair. The…
Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and the development of the «Triangle» model. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.2992. 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 1.2935. Where again we should expect a rebound and the continuation of the rise in quotations of the British Pound currency pair against the US Dollar. The target…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and development of the «Wedge» model. 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 0.6797. At the moment, we should expect an attempt to continue to decline and test the support area near the level of 0.6735. Further, the rebound and the beginning of the growth of quotations to the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction and the bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 109.51. Moving averages indicate a short-term bullish trend for the pair; prices are above the level of signal lines, which indicates pressure from buyers. As part of the forecast for the Japanese Yen on December 4, 2019, we should expect an attempt to reduce and test the support area near the level of 108.35. Further, the…
Brent continue to move as part of the correction and formation of the «Triangle» model. At the time of the publication of the forecast, the price of Brent crude oil is $ 60.96 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices pushed from the area between the signal lines, indicating pressure from sellers. At the moment, we should expect an attempt to develop a correction and test the resistance level near the area of 62.05 dollars per barrel. Further, the continuation of the fall in the oil rate to the area below the level of 57.25.…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and formation of the «Triangle» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3298. Moving averages indicate a short-term bullish trend for the pair. Prices pushed off the level of signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to grow and test the resistance level near the area of 1.3315. Further, the rebound and continued fall of the currency pair. The potential target…