XRP/USD are trading at 0.2124 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 $9 416 885 870. 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 0.2205 area. Further, the continued fall of cryptocurrency to the area below the level of 0.1655. Ripple Forecast 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.
BCH/USD are trading at 208.24 and continue to move as part of the correction and the upward channel. Bitcoin Cash cryptocurrency capitalization at the time of the publication of the forecast is $3 861 589 740. Moving averages indicate the presence of a short-term bearish trend in Bitcoin Cash. Prices are still pushing away from signal lines, indicating bearish pressure. As part of the cryptocurrency rate forecast for December 6, 2019, one should expect an attempt to reduce the value of the asset and test the support level near the 195.05 area. Where again we should expect a rebound and…
Currency pair Euro/Dollar EUR/USD continues to move in the framework of growth and the bullish channel. 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 1.1072. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.1025. Further, the rebound and continued growth of the Euro/Dollar currency pair. The potential target of this movement is the area above the level…
Currency pair Pound/Dollar GBP/USD continues to move as part of growth and the rising channel. At the time of the publication of the forecast, the pound to the US Dollar at FOREX is 1.3087. 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 1.2995. Where again we should expect a rebound and the continued rise in quotations of the British Pound currency pair against the US Dollar. The target of the upward movement of the…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move as part of the growth and upward channel. 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 0.6850. At the moment, we should expect an attempt to continue to decline and test the support area near the level of 0.6795. Further, the rebound and the beginning of the growth of quotations to the area above 0.6965.…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the correction 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 Japanese Yen is 108.86. Moving averages indicate the presence of a short-term bullish trend for the pair, prices are testing the area between the signal lines, which indicates a potential upward rebound. As part of the forecast for the Japanese yen on December 5, 2019, we should expect an attempt to grow and…
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 $ 63.35 per barrel. Moving averages indicate a short-term bearish trend for oil. Prices pierced the area between the signal lines, which indicates pressure from buyers. At the moment, we should expect an attempt to continue the development of the correction and test the resistance level near the area of 63.75 dollars per barrel. Further, the continuation of the fall in the oil rate to the area below the…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move as part of the fall 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 1.3145. Further, the rebound and continued growth of the currency pair.…
GOLD continue to move as part of the upward correction and the downward channel. At the time of the publication of the forecast, the price of GOLD is 1469 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 1415. XAU/USD Forecast and GOLD analysis December 5, 2019 An additional signal in favor of reducing…
Silver continue to move as part of the decline and the downward channel. At the time of the publication of the forecast, the price of Silver is 16.83 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 17.35. Where can we expect a rebound and a continued fall in the price of Silver with a target below the level of 15.65. XAG/USD Forecast Silver and Analysis December 5, 2019 In favor of falling…