BTC/USD quotes are trading at 102493 and continue to move within the framework of growth development and the beginning of the implementation of the “Triangle” model. Moving averages indicate the presence of a short-term upward trend for Bitcoin. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers of “Digital Gold” and a potential continuation of the growth of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, December 6, 2024, we should expect an attempt to develop a decrease in the value of the digital asset…
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.
ETH/USD are trading at 3911 and continue to move within the framework of the development of growth and a bullish channel. Moving averages indicate the presence of a short-term upward trend in Ethereum. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of the asset’s decline from current levels. At the moment, we should expect an attempt to develop a bearish correction in the coin’s value and a test of the support level near the 3765 area. From where we should again expect an upward price rebound and continued…
Warsaw, Poland & Nicosia, Cyprus – November 2024 – Tradefulness, a company specializing in trading psychology, and Earn.eu, a prominent financial services provider, are pleased to announce a new collaboration aimed at supporting traders in their professional and personal development. This partnership combines the expertise of both organizations, integrating advanced financial tools with a focus on mental well-being and resilience. Together, the companies aim to provide traders with resources to enhance their trading experience and navigate the complexities of today’s financial markets more effectively. Alex Serzhanovich, Founder of Tradefulness, shared his perspective: ” This partnership reflects our shared vision of…
The Euro/Dollar currency pair EUR/USD continues to move within the development of minor growth and the formation of the “Head and Shoulders” reversal pattern. The moving averages indicate the presence of a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the European currency and a potential continuation of the fall in the asset pair quotes from the current levels. At the time of publication of the forecast, the Euro to Dollar exchange rate for today is 1.0523. As part of the Forex forecast for December…
The Pound/Dollar GBP/USD currency pair continues to move within the growth and long-term downward channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2691. Moving averages indicate the presence of a short-term bearish trend. Prices broke through the area between the signal lines downwards, which indicates pressure from sellers of the currency pair and a potential continuation of the instrument’s fall. At the moment, we should expect an attempt to develop the rise of the British Pound against the US Dollar and a test of the support area near the…
The currency pair Australian Dollar to US Dollar (AUDUSD) continues to move within the fall and descending channel. The moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the currency pair and a potential continuation of the fall in the value of the instrument from the current levels. At the time of publication of the forecast, the Australian Dollar to the US Dollar exchange rate is 0.6430. At the moment, we should expect an attempt to develop a decline and a test…
The quotes of the USD/JPY currency pair continue to move within the development of a bullish correction and a descending channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 150.59. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast of the Japanese Yen exchange rate for December 5, 2024,…
Brent oil quotes Brent crude oil quotes continue to move within the framework of growth development and the formation of the “Triangle” model. At the time of publication of the forecast, the price of Brent crude oil is 73.22 dollars per barrel. Moving averages indicate the presence of a short-term bearish trend for oil. Prices are again testing the area between the signal lines, which indicates pressure from sellers of “Black Gold” and a potential continuation of the fall in the value of the asset from the current levels. At the moment, we should expect an attempt to develop a…
Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the growth and the formation of the “Head and Shoulders” reversal pattern. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.4068. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of the price pair growth in the near future. At the moment, it is worth considering an attempt to develop the rise in the Canadian Dollar price and test the…
XAU/USD quotes continue to move within the framework of the correction development and the formation of the “Triangle” model. At the time of the forecast publication, the price of Gold for today is 2654 Dollars per Troy Ounce. Moving averages indicate the presence of a short-term bearish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from asset buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and a test of the support level near the 2635 area. From where we…