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…
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.
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…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 63.99 Rubles per US Dollar. The pair continues to move within the correction and the downward channel. Moving averages indicate a bearish trend. In the current trading week December 2 — 6, 2019, we should expect an attempt to grow and test the resistance area near the level of 64.70. Where can we expect a rebound and the continuation of the fall of the Dollar below the level of 58.95. USD/RUB Forecast and Analysis December 2 — 6, 2019 In favor of the fall…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6774. The pair continues to move within the correction and the bearish channel. Moving averages indicate a bearish trend, prices again pushed from the area between the signal lines, which indicates pressure from sellers. At the moment, we should expect an attempt to develop growth and test the resistance area near the level of 0.6835. Then, the continuation of the fall of AUD/USD with a potential target below the level of 0.6265. AUD/USD Forecast and Analysis December 2 — 6, 2019 In favor of…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3283. The pair continues to move within the correction and the upward channel. Moving averages indicate a lateral trend. Prices rose above the level of signal lines, which indicates pressure from the bulls. At the moment, we should expect an attempt to reduce and test the support level near the area of 1.3115. Then continued growth of quotations with a target above the level of 1.3725. USD/CAD Forecast and Analysis December 2 — 6, 2019 In favor of the rise of the USD/CAD currency…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 109.48. The pair continues to move within the correction and the bearish channel. Moving averages indicate a bearish trend, prices have broken through the area between the signal lines up, which indicates pressure from buyers. At the moment, we should expect an attempt to continue growth and test the resistance level near the area of 109.85. Then the rebound and the continuation of the fall of the pair in the area below the level of 104.75. USD/JPY Forecast and Analysis December 2…
GOLD completes the trading week near the area of 1457. XAU/USD quotes continue to move as part of the correction. Moving averages indicate a bullish trend for GOLD, prices returned to the area between the signal lines, indicating a likely continuation of the rise. At the moment, we should expect an attempt to correct prices and test the resistance level near the area of 1475. Further, the continuation of the fall in the price of GOLD with a potential target below the level of 1345. GOLD Price Forecast and Analysis December 2 — 6, 2019 An additional signal in favor…
Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the area of 0.6426. Moving averages indicate a bearish trend in the pair. At the moment, we should expect an attempt to continue the development of the upward correction and test the resistance area near the level of 0.6495. Then the continuation of the fall of the currency pair with a potential target below the level of 0.6005. NZD/USD Forecast and Analysis December 2 — 6, 2019 In favor of the fall of the NZD/USD currency pair, a downward resistance line test will be performed…