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 $ 63.74 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices pierced the area between the signal lines up, which indicates pressure from buyers. At the moment, we should expect an attempt to continue the development of the correction and test the support level near the region of 62.35 dollars per barrel. Further, the continued growth of the oil rate in the region above the level…
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 US Dollar to Canadian Dollar USD/CAD continues to move as part of the decline 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 1.3135. Further, the rebound and continued growth of the currency pair.…
GOLD continue to move as part of the upward correction and the bearish channel. At the time of the publication of the forecast, the price of GOLD is 1477 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 1425. XAU/USD Forecast and GOLD analysis December 6, 2019 An additional signal in favor of reducing…
Silver continue to move as part of the decline and the bearish channel. At the time of the publication of the forecast, the price of Silver is $ 16.90. 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 17.25. Where can we expect a rebound and the continuation of the fall in the price of Silver with a target below the level of 15.70. XAG/USD Forecast Silver and Analysis December 6, 2019 In favor…
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 0.6532. At the moment, we should expect an attempt to reduce and test the support level near the area of 0.6485. 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 0.9879. 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 0.9765. USD/CHF Forecast Dollar Franc December 6, 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 63.75. 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 6, 2019, we should expect an attempt to grow and test the resistance level near the area…
BTC/USD are trading at 7465 and continue to move as part of the correction and the upward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $133 523 331 715. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices are testing the area between the signal lines, which indicates pressure from sellers of the leading digital asset. As part of the cryptocurrency rate forecast for tomorrow, December 6, 2019, we should expect an attempt to drop the value of the digital asset and test the support level near the area of…
ETH/USD are trading at 145.35 and continue to move as part of a slight increase. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $16 126 752 074. 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 137.95. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 173.55. Ethereum Forecast and ETH/USD Analysis…
LTC/USD are trading at 43.57 and continue to move as part of the correction and the upward channel. Litecoin cryptocurrency capitalization at the time of the publication of the forecast is $2 870 873 385. 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 42.05 area. Where again we should expect a rebound and continued growth of the Litecoin rate with a potential target above the level of 52.85. Litecoin Forecast and LTC/USD Analysis December 6, 2019 In favor…