Please wait while we get your page ...

BTCUSD, EURUSD and Gold Forecasts, December 12, 2019
BTCUSD, EURUSD and Gold Forecasts, December 12, 2019
Posted

By - Jamel Lahiani

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

XAUUSD (Gold /US Dollar) is widely followed by traders around the world, it measures the Gold
quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the
world.

FOREX Market Insights
Yesterday, the US Federal Reserve held interest rates unchanged leading stability in the financial market
and a small increase of the Wall Street’s main stock indexes. The US central bank expects the
continuation of moderate economic growth and low unemployment through next year’s presidential
election.

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

AT 13H30GMT: Following the ECB ́s economic policy decision, the ECB President gives a
press conference regarding monetary policy. His comments may influence the volatility of EUR and determine a short-term positive or negative trend.

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.

GRAPHIC 1: BTCUSD HOURLY CHART (DECEMBER 12, 2019)
The BTCUSD pair has a bearish volatile movement and having a support at the green line level of
7076.04. If the chart breaks MA14 and close to the downside then a sell order will be profitable. If
the chart breaks the top limit of the channel and close to the upside then a buy order will be
profitable. If the chart breaks the green support line then the downside movement is expected very
strong.

GRAPHIC 2: EURUSD HOURLY CHART (DECEMBER 12, 2019)
The EURUSD pair has a bullish volatile movement and a resistance at the red line level of 1.11447. If
the chart breaks the bottom of the channel and close to the downside then the downside movement
will be expected strong and it is gainful to sell. If the chart breaks the red resistance line and close to
the upside then the bullish movement will continue and a buy order is expected profitable.

GRAPHIC 3: XAUUSD HOURLY CHART (DECEMBER 12, 2019)
The Gold Spot price is trending bullish volatile inside the colored channel. The pair is going for higher
high and higher low movement. If the chart breaks MA14 and close to the upside then a buy entry
will be expected profitable. If the chart breaks the bottom of the channel and close to the downside
then a sell order will be expected profitable.

guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x