Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the correction and the bullish channel. At the time of publication of the forecast, the US Dollar to the Canadian Dollar is 1.3564. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have broken through the area between the signal lines up, which indicates pressure from buyers and a potential continuation of the price pair growth in the near future. At the moment, it is worth considering an attempt to develop a price correction and a test of the support level near the…
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.
GOLD continue to move as part of the correction and the formation of the “Wedge” reversal pattern. At the time of the publication of the forecast, the price of Gold is 1810 USD per Troy Ounce. Moving averages indicate the presence of a short-term bullish trend. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the asset and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a rise and test the resistance level near the 1825 area. Where should we expect…
Silver continue to move as part of the growth and the bullish channel. At the time of the publication of the forecast, the price of Silver is 23.80. Moving averages indicate a bullish trend. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth in value already from current levels. At the moment, we should expect an attempt to continue the development of a downward correction in the value of the metal and a test of the support level near the area of 22.45.…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the correction and the bullish channel. Moving averages indicate the presence of a short-term bullish trend for the pair. Prices have gone up from the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continued growth in the value of the instrument already from current levels. At the time of publication of the Forex forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6440. At the moment, we should expect…
Currency pair Dollar Franc USD/CHF continues to move as part of the fall and the formation of the “Wedge” reversal pattern. At the time of the publication of the Forex forecast, the exchange rate of the US Dollar to the Swiss Franc is 0.9256. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices have gone down from the area between the signal lines, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset already from current levels. At the moment, we should expect an attempt to develop…
BTC/USD are trading at 18050 and continue to move as part of the development of growth and a bullish channel. The capitalization of the Bitcoin cryptocurrency at the time of the publication of the forecast is $347,553,692,516. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of Digital Gold and a potential continuation of the growth in the value of the asset already from current levels. As part of the cryptocurrency exchange rate forecast for tomorrow, December 16, 2022, we should expect an attempt…
Ethereum are trading at 1340 and continue to move as part of the growth and the bullish channel. The capitalization of the Ethereum cryptocurrency at the time of the publication of the forecast is $163,975,406,404. Moving averages indicate the presence of a short-term bearish trend for Ethereum. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a potential continued growth in the value of the asset already from current levels. At the moment, we should expect an attempt to develop a bullish correction in the value of the coin and a test…
XRP/USD are trading at 0.3884 and continue to move within the correction and the downward channel. The capitalization of the Ripple cryptocurrency at the time of the publication of the forecast is $19,825,708,009. Moving averages indicate the presence of a short-term bearish trend for Ripple. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the asset and a potential continuation of the fall in the XRP rate on the market already from current levels. At the moment, we should expect an attempt to develop a correction of the asset and a test of…
LTC/USD are trading at 78.72 and continue to move as part of the correction and the formation of the Head and Shoulders reversal pattern. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $5,666,534,751. Moving averages indicate the presence of a short-term bullish trend for Litecoin. Prices have broken through the area between the signal lines up, which indicates pressure from buyers of the asset and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a rise in the value of the digital…
GameStop continue to move as part of the fall and the downward channel. The moving averages point to a short-term bearish trend for the GME. Prices have gone down from the area between the signal lines, which indicates pressure from sellers of securities and a potential continuation of the price decline. At the time of publication of the forecast, the value of the shares is 21.05. As part of the forecast, we should expect an attempt to develop a bullish correction and a test of the resistance level near the 24.05 area. Further, a rebound down and the continuation of…