Advertisement
advert
FxAllNews
main970 2

Forex Forecast and Cryptocurrencies Forecast for December 03-07, 2018

2 December 2018 06:45 PM BDT
Forex Forecast and Cryptocurrencies Forecast for December 03-07, 2018

First, a review of last week’s events:

EUR/USD. The first good news that pushed the euro up, as expected, was the extraordinary Summit of European leaders on Brexit. Its positive results allowed the European currency to rise to the level of 1.1383 on Monday, November 26, after which the power over the market was seized by the dollar once again.By Wednesday, the pair began to approach the 2018 low and fell to the level of 1.1255, but then the head of the Federal Reserve Jerome Powell, speaking at the New York Economic Club, suddenly declared that the interest rates on the dollar were only slightly below the neutral level!Back in October, the same person had said that the rate was far enough from this level, and a month later, it was almost at the “zero” level, at which the economy neither accelerates nor slows down. Such a speech alerted the market a little, as a result of which the Euro-bulls were able to push the pair up again: this time to the height of 1.1400. But then not so much positive statistics on the Eurozone economy were published, and the pair went down again. As a result, the total of the week can be characterized by the short word “zero”: the pair completed it almost in the same place where it started; GBP/USD. The intra weekly trends of this pair are similar to those demonstrated by the EUR/USD pair. But the distrust in the pound, caused by the fears that the British Parliament may not approve the agreement on Brexit, played a role. As a result, the finish of the pair was slightly lower than the start level and, if at the beginning of the week the pound was at around 1.2810, it finished the week at the level of 1.2750; USD/JPY. Regarding the future of this pair, the opinions of experts were almost equally divided. A small margin (55%) was on the side of the bears, but when summing up the week it becomes obvious that the bulls won a victory, albeit a very small one. The pair was able to rise by about 60 points during the week, having frozen at around 113.50; Cryptocurrencies. The forecast for this market was negative, and it was 100% justified: over 80% of all coins, followed the bitcoin, having gone into a deep minus. The intrigue was only in how low the reference cryptocurrency would be able to fall together with other coins during that week.Our forecast said that the BTC/USD pair was likely to break through the level of $4,000. And it indeed dropped to $3,660, returning to $4,000 on Friday. Ethereum (ETH/USD) was seen at the horizon $102.6. The litecoin (LTC/USD) fell to $24.2 at some exchanges, and the ripple (XRP/USD) below $0.33. 

As for the forecast for the coming week, summarizing the opinions of a number of analysts, as well as forecasts made on the basis of a variety of methods of technical and graphical analysis, we can say the following:

EUR/USD. If you look at the graph, it is clear that in November the pair drew a “pennant” striving to consolidate around 1.1315-1.1350. As for its further movement, most experts (60%) and more than 90% of the indicators on H4 on D1 expect further strengthening of the dollar and new testing of the 2018 low, 1.1215.In addition to the results of the G20 summit, the next statements of the Federal Reserve Head J. Powell on Wednesday, December 05 and Friday, December 7, as well as the publication of regular data on the US labor market at the very end of the week may affect the formation of trends. According to forecasts, NFP may fall by 15-20% compared to the previous value, which may somewhat weaken the US currency. And here it should be noted that in the monthly forecast, 60% of analysts are already siding with the bulls, waiting for the pair to return to the zone 1.1400-1.1500;

GBP/USD. The pair is near the year lows zone at the moment, 1.2670-1.2695, and graphical analysis on H4, supported by more than 90% of trend indicators and oscillators, predicts their breakdown and a quick fall to the 1.2600-1.2620 zone.But the experts' opinion is not at all as clear: it is only 55% who side with the bears. And 45% are confident that the pair will not be able to renew the lows, and it will go north towards the height of 1.2900; USD/JPY. Although we would like to give a clear forecast, there are no pronounced preferences among experts for the Japanese currency either: exactly half of them have voted for the pair's growth, and exactly half are for its fall. Everyone is waiting for the results of the G20, and here the forecasts are also quite ambiguous.The indicators also behave accordingly, although most of them are colored green. As for the graphical analysis, it envisages first the growth of the pair to the level of 114.20-114.40, and then its fall, first to the support of 113.00, and then to 111.75.In a situation of such uncertainty, it is always useful to refer to a longer-term forecast. And here, 65% of analysts, following the graphical analysis, expect the yen to strengthen and the pair to fall to 112.00; Cryptocurrencies. The situation with forecasts for cryptocurrencies is complicated by the fact that it is almost impossible to estimate their real value. They are so virtual that estimates can be differ tens, hundreds or even thousands of times. It is not particularly worth it to focus on the miners' costs either, as they do not do any useful work and do not produce any material values or benefits. They only spend their time, money and electricity.Experts' forecasts look as follows at the moment: 60% expect the bitcoin to continue falling to $3,000, 30% hope that it will stay in the $4,000-4,500 range, and 10% of super optimists convince the rest that these are all the machinations of major players who, having bought cheap coins, will soon begin to push the market up.However, optimism is quickly melting, if you listen to the words of the Nvidia founder and CEO Jensen Huan. The head of the largest manufacturer of processors for mining has admitted that they had misjudged the prospects of the crypto market, and now his company is betting on the GPU for computing using artificial intelligence and use in unmanned vehicles.
Comments
brinue
2020-10-24 06:31:49
buy viagra online https://bestviagranda.com/ generic viagra

quick cash advance online payday loans online payday loans online payday loans online payday advance payday loans for bad credit loans for bad credit cash advance fast cash mobile loans cash advance
Jamesmiz
2020-10-22 03:24:51
from your stoical to left the opening amount. cialis reviews and to deliberate inclement callousness valves to amend those times.
trotte
2020-10-22 10:36:41
cheap viagra https://bestviagranda.com/ buy generic viagra

loans direct pay day loans loans for bad credit payday loans direct lender loans online payday loan lenders loans direct cash advance online quick cash online payday loans personal loans
Fbrgmophy
2020-10-21 11:22:07
purchase cialis http://ciallaled.com/ http://ciallaled.com/ tadalafil 20 mg
JildSaula
2020-10-21 12:39:42
online cialis http://aazmencial.com/ http://aazmencial.com/ cialis vs viagra
Bristus
2020-10-21 12:38:15
buy viagra online https://bestviagranda.com/ viagra online

quick cash advance online personal loans fast cash cash advance paydayloans personal loans guarantor loans loans online same day loans same day loans loans for bad credit
rbjsmophy
2020-10-21 12:45:23
non prescription cialis http://hyivglazcial.com/ http://hyivglazcial.com/ buy cheap cialis
ndhdSaula
2020-10-20 09:42:56
tadalafil http://hyitebeviag.com/ http://hyitebeviag.com/ cialis sale
rgbayCaure
2020-10-20 07:49:17
cialis for women http://mencialed.com/ http://mencialed.com/ can you take cialis in the morning and viagra at night
ngjkCaure
2020-10-20 07:15:54
viagra vs cialis http://menjojil.com/ http://menjojil.com/ viagra meme
JgfsSaula
2020-10-20 01:33:27
over the counter viagra substitute walgreens http://45menvia.com/ http://45menvia.com/ over the counter viagra
diornofe
2020-10-20 12:43:52
buy cialis online without a prescription

buy online cheap cialis generic

buy cialis online

online prescription cialis
Ecdfofaild
2020-10-20 12:19:05
cheapest cialis http://50cialmen.com/ http://50cialmen.com/ cialis tadalafil
ndgjhSaula
2020-10-19 08:07:08
purchase viagra online http://viasasixyi.com/ http://viasasixyi.com/ viagra dosage
Btjkfaild
2020-10-19 05:41:37
otc viagra http://60lmentop.com/ http://60lmentop.com/ roman viagra
aberma
2020-10-19 02:07:31
cheap cialis online

cheap cialis from canada

buy generic cialis online

how to buy cialis online
Victorlew
2020-10-18 10:16:55
is huge of the verdict of this again difficult diagnostic. cialis cost If you take them after a very important life it.
Lighmeparna
2020-10-15 08:11:55
lopressor 100mg usa where can i buy lopressor 100mg lopressor 50mg without a doctor prescription avodart 0,5 mg medication avodart 0,5mg online pharmacy avodart 0,5 mg no prescription dramamine 50 mg coupon how to buy dramamine 50mg dramamine 50 mg coupon order antabuse 500 mg antabuse 500 mg medication antabuse 500mg tablets inderal 40 mg uk inderal 80mg canada buy inderal 20mg where can i buy crestor 5 mg where can i buy crestor 10mg crestor 20 mg prices cialis 20mg tablet cialis 40 mg uk where can i buy cialis 80mg
Lighmeparna
2020-10-15 06:55:12
cialis 80 mg without a doctor prescription cialis 40mg nz cialis 20mg tablet aricept 5 mg for sale aricept 5 mg usa where to buy aricept 10 mg lumigan 3ml pills how to purchase lumigan 3ml how to buy lumigan 3ml cialis 10mg over the counter order cialis 60mg cialis 40mg prices
Natciabro
2020-10-15 04:57:09
inderal 20 mg medication inderal 10 mg no prescription inderal 80mg usa strattera 25mg cheap strattera 40 mg no prescription strattera 40mg over the counter how to buy cialis 20 mg cialis 20mg nz cialis 10 mg online cialis 40 mg without a prescription where to buy cialis 60 mg cialis 20mg tablet
Natciabro
2020-10-15 03:41:37
cialis 40mg prices where to buy cialis 20mg how to purchase cialis 60mg order cialis 20 mg cialis 60 mg generic buy cialis 10 mg
Natciabro
2020-10-15 02:25:58
lamisil 250 mg coupon cost of lamisil 250mg lamisil 250mg without a prescription cialis 80 mg without a doctor prescription buy cialis 60mg cialis 60 mg for sale cialis 10 mg generic cialis 20mg coupon order cialis 20 mg
Natciabro
2020-10-15 01:13:27
cost of flonase nasal spray 50mcg flonase nasal spray 50mcg united states flonase nasal spray 50mcg without prescription cialis 40 mg pharmacy cialis 10mg united kingdom cialis 20mg generic propecia 1mg cost propecia 5mg without a doctor prescription propecia 5 mg cost buy lamisil 250mg cost of lamisil 250 mg lamisil 250 mg generic cialis 60mg usa cialis 40 mg united kingdom cialis 10mg over the counter
Ricircmesbe
2020-10-15 03:19:59
coreg 12,5mg without prescription how to purchase coreg 12,5 mg coreg 3,12 mg without prescription viagra 150 mg without a doctor prescription viagra 120mg cheap viagra 150mg generic detrol 1 mg tablet detrol 1 mg pills detrol 1 mg prices viagra 100 mg united kingdom viagra 25mg cost cheap viagra 100 mg cialis 40mg online cialis 10 mg tablet cialis 80 mg without a doctor prescription how to purchase cialis 80mg cialis 10mg medication cialis 40 mg pharmacy
Ricircmesbe
2020-10-15 02:09:51
tadalafil 60 mg united kingdom tadalafil 60mg cost tadalafil 20mg medication viagra 150 mg without a prescription viagra 100mg united kingdom viagra 120 mg online how to purchase elavil 50 mg elavil 25 mg generic elavil 25mg generic amoxicillin 250mg medication amoxicillin 500mg no prescription where to buy amoxicillin 250 mg furosemide 100mg coupon furosemide 100 mg without a doctor prescription furosemide 100mg online pharmacy cialis 80mg pills cialis 60 mg purchase cialis 10 mg generic
Add Your Comment
Forex Forecast and Cryptocurrencies Forecast for April 08 - 12, 2019
Forex Forecast and Cryptocurrencies Forecast for April 08 - 12, 2019
Forex Forecast and Cryptocurrencies Forecast for February 11 - 15, 2019
Forex Forecast and Cryptocurrencies Forecast for February 11 - 15, 2019
Forex Forecast and Cryptocurrencies Forecast for February 04 - 08, 2019
Forex Forecast and Cryptocurrencies Forecast for February 04 - 08, 2019
Forex Forecast and Cryptocurrencies Forecast for January 28 - February 01, 2019
Forex Forecast and Cryptocurrencies Forecast for January 28 - February 01, 2019
Forex Forecast and Cryptocurrencies Forecast for January 21 - 25, 2019
Forex Forecast and Cryptocurrencies Forecast for January 21 - 25, 2019
Forex Forecast and Cryptocurrencies Forecast for January 14 - 18, 2019
Forex Forecast and Cryptocurrencies Forecast for January 14 - 18, 2019
Forex Forecast and Cryptocurrencies Forecast for January 7 - 11, 2019
Forex Forecast and Cryptocurrencies Forecast for January 7 - 11, 2019
Forex Forecast and Cryptocurrencies Forecast for January 7 - 11, 2019
Forex Forecast and Cryptocurrencies Forecast for January 7 - 11, 2019
Canada GDP expands in October, but inflation dips
Canada GDP expands in October, but inflation dips
Forex Forecast and Cryptocurrencies Forecast for December 10-14, 2018
Forex Forecast and Cryptocurrencies Forecast for December 10-14, 2018
Technical Reviews for Gold and Silver (December 2018)
Technical Reviews for Gold and Silver (December 2018)
Forex Forecast and Cryptocurrencies Forecast for December 03-07, 2018
Forex Forecast and Cryptocurrencies Forecast for December 03-07, 2018
Left 120x600
Right 160x2