Currency pair US Dollar/Russian Ruble USD/RUB continues to move as part of the correction and the downward channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Russian Ruble is 64.24. Moving averages indicate a short-term downtrend, but prices have broken through the signal line area, which indicates pressure from buyers of the American currency. As part of the USD/RUB forecast for tomorrow, December 3, 2019, we should expect an attempt to lower and test the support level near the area of 63.85 Rubles per US Dollar. Then, a rebound and…
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.
BTC/USD are trading at 7278 and continue to move as part of the decline and the downward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $131 789 936 616. Moving averages indicate the presence of a short-term bullish trend for Bitcoin. As part of the cryptocurrency rate forecast for tomorrow, December 3, 2019, we should expect an attempt to drop the value of the digital asset and test the support level near the area of 6505. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate…
ETH/USD are trading at 146.00 and continue to move as part of the decline and the downward channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $16 093 745 106. 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 130.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 185.05. Ethereum Forecast…
LTC/USD are trading at 44.95 and continue to move as part of the correction and formation of the «Expanding Formation» model. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $2 913 979 500. Moving averages indicate the presence of a short-term downward trend in Litecoin. At the moment, we should expect an attempt to slightly fall and test the support level near the area of 41.25. Where again we should expect a rebound and continued growth of the Litecoin rate with a potential target above the level of 70.65. Litecoin Forecast and LTC/USD Analysis December…
XRP/USD are trading at 0.2160 and continue to move as part of the decline. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $9 452 178 190. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices are below the signal line area, indicating bearish pressure. At the moment, we should expect an attempt to grow a digital asset and test the resistance level near the 0.2445 area. Further, the continued fall of cryptocurrency to the area below the level of 0.1655. Ripple Forecast and XRP/USD Analysis December 3, 2019…
BCH/USD are trading at 211.97 and continue to move as part of the correction and the downward channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $3 901 228 810. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. Prices are still far from the signal lines, bear pressure remains. As part of the cryptocurrency forecast for December 3, 2019, one should expect an attempt to reduce the value of the asset and test the support level near the 190.05 area. Where again we should expect a rebound and continued…
Currency pair Euro Dollar EUR/USD completes the trading week near the 1.1008 area. The pair continues to move within the correction and the bearish channel. There is also the potential for the formation of the «Head and Shoulders» reversal pattern. The pair again repels from the area between the signal lines, which indicates pressure from the bears. Moving averages indicate a downward trend in the pair. At the moment, we should expect an attempt to reduce and test the support area near the level of 1.0990. Where is the rebound expected and continued growth of the Euro/Dollar. The potential target…
Each and every year, the world’s political and financial events have considerable effects on the way the foreign exchange markets perform. From the price of commodities globally to the strength of one currency against another, everything from a U.S election, to a financial meeting can completely change the trading landscape as it stands – at least for a period of time. As 2019 begins to draw to a close, traders, forex brokers and everyday travellers alike have had a tough year as far as predictions and managing the markets is concerned. Here, we’re taking a look at why. The US-China…
BRENT complete the trading week near the area of 63.06 dollars per barrel. And it continues to move within the correction and the downward channel. Moving averages indicate a downward trend, prices have returned to the area between the signal lines, indicating a potential fall from current levels. At the moment, we should expect an attempt to continue the development of the correction and test the resistance area near the level of 63.55. Then a rebound and continued fall of oil to the area below the level of 51.35 dollars per barrel. BRENT oil Forecast and Analysis December 2 —…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.2913. The pair continues to move within the correction and the bearish channel. Moving averages indicate a bearish trend. However, prices broke through the area between the signal lines, which indicates pressure from the bulls and the end of the current trend. At this, we should expect an attempt to reduce and test the support area near the level of 1.2405. Further, the rebound and the beginning of the growth of the Pound/Dollar quotes to the area above the level of 1.3765. GBP/USD Forecast and Analysis December…