Currency pair Euro/Dollar EUR/USD continues to move in the framework of growth and a downward channel. Here the «Double Bottom» reversal pattern is formed. Moving averages indicate the presence of a short-term bearish trend for the pair, prices broke through the area between the signal lines, which indicates pressure from buyers of the Euro. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1042. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.0115. Further, the rebound and continued growth of the Euro/Dollar currency pair. The…
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 Pound/Dollar GBP/USD 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 pound to the US Dollar at FOREX is 1.2923. 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 1.2885. 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 formation of the bullish «Wolfe Wave» model. Moving averages indicate a short-term bearish trend. Prices returned to the area between the signal lines, indicating pressure from 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 growth and a 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 Japanese Yen rate forecast for December 3, 2019, we should expect an attempt to grow and test the resistance area near the level of 109.65. Further, the rebound and…
Brent continue to move as part of the growth and formation of the «Head and Shoulders» reversal pattern. At the time of the publication of the forecast, the price of Brent crude oil is $ 61.60 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices were able to break through the area between the signal lines up, which indicates pressure from sellers. At the moment, we should expect an attempt to grow and test the resistance level near the area of 62.45 dollars per barrel. Further, the continuation of the fall in the oil rate to the…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the growth and the beginning of the formation of the inverted «Head and Shoulders» model. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3293. 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 1.3310. Further, the rebound and continued fall…
GOLD continue to move as part of the correction and the bearish channel. At the time of the publication of the forecast, the price of GOLD is 1457 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 1465. 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 3, 2019 An additional signal in favor of reducing the…
Silver continue to move as part of the correction and the formation of the «Triangle» model. At the time of the publication of the forecast, the price of Silver is 16.88 Dollars. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to develop the growth in the value of the metal and a test of the resistance level near the area of 17.10. Where can we expect a rebound and the continuation of the fall in the price of Silver with a target below the level of 15.95. XAG/USD Forecast Silver and Analysis December 3,…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction of 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 pressure from buyers. At the time of the publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6487. At the moment, we should expect an attempt to fall and test the support level near the area of 0.6435. Further, within the framework…
Currency pair Dollar Franc USD/CHF continues to move as part of the fall and the rising channel. At the time of the publication of the Forex forecast, the rate of the US Dollar to the Swiss Franc is 0.9959. Moving averages indicate a short-term bullish trend for the pair. At the moment, we should expect an attempt to increase the US Dollar against the Franc and test the resistance area near the level of 0.9985. Then, a rebound and continued depreciation of the US Dollar against the Swiss Franc with a potential target below 0.9865. USD/CHF Forecast Dollar Franc December…