Ethereum ETH/USD ends the trading week at 164 and continues to move as part of the growth and ascending channel. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to fall and test the level of support near the area of 155. Where again we should expect a rebound and continued growth of the course Ethereum with a potential target above the level of 235. Ethereum Forecast and Analysis May 6 — 10, 2019 A test of the support line on the relative strength index (RSI) will be in favor of raising the ETH/USD quotes…
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.
Ripple XRP/USD close the trading week at 0.3023 and continue to move as part of the decline. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to fall and a test of the support level near the 0.2755 area. Where once again we should expect a rebound and continued growth of cryptocurrency in the region above the level of 0.4960. Ripple Forecast and Analysis May 6 — 10, 2019 In favor of the rise of XRP/USD quotes in the current trading week May 6 — 10, 2019, a test of the rising trend line on…
Litecoin LTC/USD ends the trading week at 77.59 and continues to move as part of growth. Moving averages indicate an uptrend. At the moment, we should expect an attempt to test the support area near the level of 70.65. Where can we expect a rebound again and an attempt to continue growth on Litecoin with a potential target above the level of 107.55. Litecoin Forecast and Analysis May 6 — 10, 2019 An additional signal in favor of the growth of LTC/USD quotes in the current trading week May 6 — 10, 2019 will be the support line test on…
Bitcoin Cash ends the trading week at 288 and continues to move along the uplink. Moving averages indicate a downward trend. As part of the BCH/USD rate forecast for the week, we should expect an attempt to fall and a test of the support area near the level of 205. Where again we should expect a rebound and an attempt to continue to grow Bitcoin Cash with a potential target above the level of 450. Bitcoin Cash Forecast and Analysis May 6 — 10, 2019 An additional signal in favor of raising the BCH/USD quotes on the current trading week…
Currency pair Euro/Dollar EUR/USD continues to move in the framework of the correction. Moving averages indicate the presence of a medium-term downward trend for the pair. At the time of the publication of the forecast, the euro/dollar rate is 1.1205. At the moment, we should expect an attempt to continue growth and test the resistance level near the 1.1250 area. Further, the rebound and the continuation of the decline in the currency pair Euro/Dollar. The potential goal of such a movement is the area below the level of 1.1045. EUR/USD Forecast Euro Dollar May 3, 2019 The test of the…
Currency pair Pound/Dollar GBP/USD continues to move in an upward correction. At the time of the publication of the forecast, the pound to dollar rate is 1.3047. Moving averages indicate a downward trend. At the moment, we should expect an attempt to fall and test the support area near the level of 1.3005. Where once again we can expect a rebound and continued growth of the pound against the dollar. The target of the upward movement of the currency pair, in the framework of the FOREX forecast for May 3, 2019, is the area at the level of 1.3245. GBP/USD…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the framework of the fall and the downward channel. Moving averages indicate a short-term downward trend. At the time of the publication of the forecast, the Australian Dollar to US Dollar rate is 0.7021. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.7045. Further, a rebound from the resistance level and the continuation of the fall of quotations to the area below 0.6925. AUD/USD Forecast Australian Dollar May 3, 2019 In favor of the fall of the…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the fall. The pair left the bullish channel. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Japanese Yen is 111.48. Moving averages indicate a short-term downward trend in the pair. At the moment, we should expect an attempt to grow and test the resistance area near the level of 111.75. Further, the rebound and the continuation of the fall of the pair USD/JPY in the area below 110.45. USD/JPY Forecast Japanese Yen May…
Quotes of BRENT continue to move as part of the correction and the formation of the «Head and Shoulders» reversal pattern. At the time of publication of the forecast, the price of BRENT oil is $ 71.24 per barrel. Moving averages indicate a short-term upward trend in oil. At the moment, we can expect an attempt to grow and test the resistance level near the area of 72.45 dollars per barrel. Further, the continuation of the fall of the oil in the area below 64.15. BRENT Crude Oil Forecast and analysis May 3, 2019 In favor of the fall in…
Currency pair US Dollar Canadian Dollar USD/CAD continues to move as part of a strong correction. At the time of the publication of the forecast, the exchange rate of the US Dollar to the Canadian Dollar is 1.3433. Moving averages indicate the presence of a short-term upward trend for the pair. At the moment, we should expect an attempt to reduce the asset and a test of the support level near the area of 1.3415. Further, the rebound and the continuation of the growth of the currency pair on FOREX. The potential goal of raising quotes is the area above…