The USD/CHF currency pair continues to move within the correction and downward channel. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc rate is 0.8668. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset from current levels. At the moment, we should expect an attempt to develop a depreciation of the US Dollar against the Swiss Franc and a test of the support area…
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.
The BTC/USD quotes are trading at 43098 and continue to move as part of the correction and formation of the “Triangle” pattern. Moving averages indicate a short-term bullish trend for Bitcoin. Prices are again testing the area between the signal lines, which indicates pressure from buyers of Digital Gold and a potential continuation of the fall in the value of the asset from current levels. As part of the cryptocurrency rate forecast for tomorrow, December 20, 2023, we should expect an attempt to develop a correction in the value of the digital asset and a test of the support level…
The ETH/USD quotes are trading at 2245 and continue to move as part of the development of the correction and the formation of the “Triangle” pattern. Moving averages indicate a short-term bullish trend for Ether. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of growth in the value of the asset from current levels. At the moment, we can expect an attempt to develop a decline in the value of the coin and a test of the support level near the 2155 area. From where we can again…
The Euro/Dollar currency pair EUR/USD continues to move as part of the development of the fall and the bullish channel. There is still potential for the formation of a Double Top reversal pattern. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the European currency and a potential continuation of growth in quotes of the asset pair from current levels. At the time of publication of the forecast, the Euro to US Dollar exchange rate is 1.0916. As part of the Forex…
The currency pair British Pound to US Dollar (GBP/USD) continues to move as part of the development of growth and the formation of a “Double Top” reversal pattern. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2683. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and potential continued growth of the instrument. At the moment, we should expect an attempt to develop the growth rate of the British Pound against the…
The currency pair Australian Dollar to US Dollar (AUD/USD) continues to move as part of the development of growth and a bullish channel. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the currency pair and a potential continuation of the growth in the value of the instrument from current levels. At the time of publication of the forecast, the Australian Dollar to US Dollar exchange rate is 0.6724. At the moment, we should expect an attempt to develop a fall and test the support…
The quotes of the USD/JPY currency pair continue to move as part of the development of a correction and a downward channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 142.38. Moving averages indicate 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 US Dollar and a potential continuation of the fall in prices from current levels. As part of the forecast for the Japanese Yen exchange rate for December 19, 2023, we should expect…
The quotes for Brent crude oil continue to move within the correction and bearish channel. At the time of publication of the forecast, the price of Brent oil is $76.87 per barrel. Moving averages indicate a short-term bearish trend in 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 current levels. At the moment, we should expect an attempt to develop a decline and test the resistance level near the area of 78.75 dollars per barrel.…
The currency pair USD/CAD continues to move as part of the development of a strong fall and a bearish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3368. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the fall of the price pair in the near future. At the moment, it is worth considering an attempt to develop a bullish price correction and a test of the resistance…
The quotes of XAU/USD continue to move as part of the growth and formation of the “Head and Shoulders” reversal pattern. At the time of publication of the forecast, the price of Gold is 2034 Dollars per Troy Ounce. Moving averages indicate a short-term bearish trend. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the asset and potential continued growth from current levels. At the moment, we can expect an attempt to develop a rise and a test of the resistance level near the 2065 area. From where we can expect…