Please wait while we get your page ...

BTCUSD, EURUSD and GBPUSD Forecasts, December 19, 2019
BTCUSD, EURUSD and GBPUSD Forecasts, December 19, 2019
Posted

By - Jamel Lahiani

Posted - 19-12-2019
  • The BTCUSD is bearish volatile at short term. Sell
  • The EURUSD is ranging volatile at short term. Buy
  • The GBPUSD is bearish volatile at short term. Buy

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, the House of Representatives voted on Wednesday to impeach President Donald Trump on
both articles of impeachment: abuse of power and obstruction of Congress. Today, the US dollar has a
small reaction to the event and still ranging but the crude oil is above the 60 dollar limit and notched
60,8 US dollar.

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

AT 12H00GMT: The Monetary Policy Summary, released by BOE, contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes.

AT 13H30GMT: The Initial Jobless Claims released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance.

AT 15H00GMT: The US Existing Home Sales, released by the National Association of Realtors provide an estimated value of housing market conditions.

GRAPHIC 1: BTCUSD HOURLY CHART (DECEMBER 19, 2019)

The BTCUSD pair has a bearish volatile movement and just going downside MA14. The pair
consolidates for a small movement correction after the strong decline. It is gainful to sell this pair if the
Stoch RSI indicator is more than 80 and the red line crosses the blue line or we have a lower low and
lower high movement. If the pair crosses the resistance line in red and closes to the upside a buy
order will be gainful.

GRAPHIC 2: EURUSD HOURLY CHART (DECEMBER 19, 2019)
The EURUSD pair has a ranging movement between two limits. If the chart breaks the red line at the
top 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. If the movement still ranging between the two limits then sell at the top and buy
at the bottom.

GRAPHIC 3: GBPUSD HOURLY CHART (DECEMBER 19, 2019)

The GBPUSD pair has bearish movement inside the colored channel. If the chart closes down to the
green support line then a sell order will be expected profitable. If the chart breaks the top limit of the
channel in red color and closes to the upside then a buy order will be expected profitable.

 

 

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