Litecoin LTC/USD closes the trading week at 46.79 and continues to move as part of the decline and the bearish channel. Moving averages indicate a bearish trend, which remains quite strong, prices again pushed from the area between the signal lines. This indicates pressure from sellers. At the moment, we should expect an attempt to fall and test the support area near the level of 37.55. Where again we should expect a rebound and an attempt to start Litecoin growth with a potential target above the level of 80.05. Litecoin Forecast and Analysis December 2 — 6, 2019 An additional…
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 221.70 and continues to move as part of the fall and the downward channel. Moving averages indicate a bearish trend, which remains strong, as we see prices once again were able to push from the area between the 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 downward correction of the value of the digital asset and a test of the support area near the level of 175.05. Where again, a rebound and an attempt…
Currency pair Euro/Dollar EUR/USD continues to move as part of the decline and the rising channel. Here the «Double Bottom» reversal pattern is formed. Moving averages indicate a short-term bearish trend for the pair, prices pushed from the area between the signal lines, indicating pressure from the sellers of the Euro. At the time of the publication of the forecast, the Euro/Dollar rate is 1.1012. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.0995. Further, the rebound and continued growth of the Euro/Dollar currency pair. The potential target of…
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 1.2931. 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 1.2895. 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 correction and the formation of the bullish «Wolfe Wave» model. Moving averages indicate a short-term bearish trend. Prices are far from the area between the signal lines, which indicates pressure from the sellers of the pair. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.6765. At the moment, we should expect an attempt to continue to decline and test the support area near the level of 0.6725. Further, the rebound and the beginning of the growth…
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 109.43. 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 November 29, 2019, we should expect an attempt to reduce and test the support area near the level of 109.05. Further, the rebound…
Brent continue to move as part of the growth and upward channel. At the time of the publication of the forecast, the price of Brent crude oil is $ 62.67 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 buyers. At the moment, we should expect an attempt to reduce and test the support level near the area of 61.25 dollars per barrel. Further, the continued growth of the oil rate in the region above the level of 68.45. Brent Crude…
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 1.3295. 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 1.3305. Further, the rebound and continued fall…
GOLD continue to move as part of the correction. 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 1425. XAU/USD Forecast and GOLD analysis November 29, 2019 An additional signal in favor of reducing the XAU/USD quotes will be…
Silver continue to move as part of the correction. At the time of the publication of the forecast, the price of Silver is 16.96 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 17.05. Where can we expect a rebound and the continuation of the fall in the price of Silver with a target below the level of 16.05. XAG/USD Forecast Silver and Analysis November 29, 2019 In favor of falling quotes and…