Please wait while we get your page ...

BTCUSD, EURUSD and GBPUSD Forecasts, December 17, 2019
BTCUSD, EURUSD and GBPUSD Forecasts, December 17, 2019
Posted

By - Jamel Lahiani

Posted - 17-12-2019
  • The BTCUSD is bearish volatile at short term. Sell
  • The EURUSD is bullish quite at short term. Sell
  • The GBPUSD is bearish volatile at short term. Sell

Today our analysis will be concerned with:
BTCUSD (Bitcoin /US Dollar) the most popular cryptocurrency in the world exchanged to the US
dollar. Bitcoin price grew significantly within a short period of time making the BTC/USD pair quite
popular among active traders and investors.

EURUSD (Euro /US Dollar) is the most traded currency pair in the world. This pair represents the
world two largest economies and has faced most volatility since the inception of the euro in 1999.

GBPUSD (British Pound /US Dollar) is the value of the British Pound against the US Dollar. It tells
traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the
oldest and most widely traded currency pairs in the world.

FOREX Market Insights
Yesterday, Wall Street stocks record a positive increase following boosted investor sentiment by data
updated about trade tensions between Washington and Beijing. The European market PMI published on
Monday showing a negative evolution and a weakened situation of the European economy.

Today in Focus
Today, we have a high impact published indicator:

AT 09H30GMT: The ILO Unemployment Rate released by the National Statistics is the number of unemployed workers divided by the total civilian labor force.

AT 13H30GMT: The Building Permits released by the US Census Bureau, at the Department of Commerce shows the number of permits for new construction projects.

AT 15H00GMT: JOLTS Job Openings is a survey done by the US Bureau of Labor Statistics to help measure job vacancies. It collects data from employers including retailers, manufacturers and different offices each month.
AT 19H15GMT: UK BoE’s Governor Carney speech.

GRAPHIC 1: BTCUSD HOURLY CHART (DECEMBER 17, 2019)

The BTCUSD pair has a bearish volatile movement and finding a support at the green line level of
6827.9. If the chart breaks the green support level and closes to the downside then the downside
movement continues and a sell order will be expected profitable. If the chart breaks the trending
bearish line in red color and closes to the upside then a buy order will be expected profitable.

GRAPHIC 2: EURUSD HOURLY CHART (DECEMBER 17, 2019)
The EURUSD pair has a bullish movement transformed from volatile to quite. The pair has a
resistance line at the red line level. If the chart breaks the red line and closes to the upside then the
bullish movement will be expected strong and it is gainful to buy. If the chart breaks the green
trending line and closes to the downside then a sell order is expected profitable.

GRAPHIC 3: GBPUSD HOURLY CHART (DECEMBER 17, 2019)
The GBPUSD pair has a bearish volatile movement. If the chart closes outside the channel to the
downside then a sell order will be expected profitable. If the chart breaks the top of the channel and
closes to the upside then a buy order will be expected profitable.

0
Would love your thoughts, please comment.x
()
x