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…
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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.
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…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9985. The pair continues to move in the framework of growth and the bullish channel. Moving averages indicate a flat trend. However, prices are above the signal lines, indicating pressure from buyers of the American currency. At the moment, we should expect an attempt to continue the rise in prices and test the resistance area near the level of 1.0105. Further, a rebound and an attempt to fall the pair with a potential target below the level of 0.9645. USD/CHF Forecast and Analysis December 2 — 6, 2019…
Bitcoin BTC/USD ends the trading week at 7521 and continues to move as part of the correction and formation of the «Wolfe Wave» model. Moving averages indicate a bullish trend. However, prices have pierced the area between the signal lines down, indicating pressure from the sellers of the digital asset. At the moment, we should expect an attempt to continue the fall and test the support area near the level of 6470. Where again we should expect a rebound and continued growth of the Bitcoin rate with a potential target above the level of 11750. Bitcoin Forecast and Analysis December…
Ethereum ETH/USD closes the trading week at 151.28 and continues to move as part of the fall and the bearish channel. Moving averages indicate a bearish trend for ETH/USD. At the moment, we should expect an attempt to continue the fall and test the support level near the area of 125.05. Where again we should expect a rebound and continued growth of the Ethereum rate with a potential target above the level of 280.05. Ethereum Forecast and Analysis December 2 — 6, 2019 An additional signal in favor of raising the ETH/USD quotes for the current trading week December 2…
Ripple XRP/USD end the trading week at 0.2237 and continue to move as part of the correction and the downward channel. Moving averages indicate the presence of a bearish trend, continue to be repelled by signal lines, which indicates pressure from the bears. At the moment, we should expect an attempt to continue the development of the fall and test the support area near 0.1625. Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3635. Ripple Forecast and Analysis December 2 — 6, 2019 In favor of the growth…
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…
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…