Litecoin LTC/USD are trading at 72.46 and continue to move as part of a decline and a bearish channel. Cryptocurrency capitalization at the time of the publication of the forecast is $4 541 196 058. Moving averages indicate the presence of a bullish trend in Litecoin. At the moment, we should expect an attempt to test the support level near 70.50. From where it is again necessary to expect a rebound and the continuation of the growth of the Litecoin rate with the goal above the level 81.55. Litecoin Forecast and LTC/USD Analysis May 7, 2019 The test of the…
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 are trading at 0.2937 and continue to move as part of the correction and the downward channel. Cryptocurrency capitalization at the time of the publication of the forecast is $12 614 854 088. Moving averages indicate a bearish trend in Ripple. At the moment, we can expect an attempt to reduce and test the support level near the 0.2735 area. Further, the continuation of cryptocurrency growth in the region above the level of 0.3405. Ripple Forecast and XRP/USD Analysis May 7, 2019 In favor of the growth of XRP/USD quotes, a test of the rising trend line on…
Bitcoin Cash BCH/USD are trading at 281.78 and continue to move as part of the correction and the formation of the «Triangle» model. Cryptocurrency capitalization at the time of the publication of the forecast is $5 068 941 298. Moving averages indicate the presence of a short-term upward trend in Bitcoin Cash. As part of the cryptocurrency exchange rate forecast, we should expect an attempt to fall and a test of the support level near 270. Where again we should expect a rebound and continued growth of the Bitcoin Cash rate with a potential target above the level of 335.…
Currency pair Euro Dollar EUR/USD completes the trading week near the area 1.1157. The pair continues to move within the decline and the bearish channel. Moving averages indicate a downward trend. At the moment, we should expect an attempt to grow and test the resistance area near the level of 1.1235. Where is expected to rebound and the continuation of the fall of the euro/dollar. The potential target of the decline is the area below the level of 1.0665. EUR/USD Forecast and Analysis May 6 — 10, 2019 In favor of the fall of the EUR/USD currency pair at FOREX,…
BRENT crude oil complete the trading week near the region of $ 70.44 per barrel. And it continues to move in decline. Moving averages indicate an uptrend. At the moment, we should expect an attempt to grow and test the resistance area near the level of 73.45. Then the continuation of the fall of oil into the region below the level of 57.60 dollars per barrel. BRENT oil Forecast and Analysis May 6 — 10, 2019 An additional signal in favor of reducing the quotations of oil this week will be the test of the resistance line on the relative…
Currency pair Pound Dollar GBP/USD ends the trading week near the 1.2909 area. The pair continues to move within the framework of the correction and the formation of the «Head and Shoulders» model. Moving averages indicate a bearish trend. At present, we should expect an attempt to develop a bullish correction and test the resistance area near the level of 1.3145. Further, the beginning of the decline in quotations of the Pound/Dollar to the area below the level of 1.2375. GBP/USD Forecast and Analysis May 6 — 10, 2019 In favor of the fall of the British Pound will test…
Currency pair US Dollar to Russian Ruble USD/RUB completes the trading week near the level of 65.29 Rubles for the US Dollar. The pair continues to move within the descending channel. Moving averages indicate an uptrend. In the current trading week of May 6 — 10, 2019, we expect a further decline and a test of the support area near the level of 64.15. Where can we expect a rebound and continued growth of the dollar above the level of 68.15. USD/RUB Forecast and Analysis May 6 — 10, 2019 The growth of the Dollar/Ruble pair will be supported by…
Currency pair Australian Dollar to US Dollar AUD/USD completes the trading week near the area of 0.6996. The pair continues to move within the framework of the correction and the formation of the «Triangle» model. Moving averages indicate a bearish trend. At the moment, we should expect an attempt to grow and test the resistance area near the level of 0.7135. Then the continuation of the fall of AUD/USD with a potential target below the level of 0.6535. AUD/USD Forecast and Analysis May 6 — 10, 2019 In favor of the fall of the pair on FOREX will test the…
The pair Canadian Dollar to US Dollar USD/CAD completes the trading week near the level of 1.3467. The pair continues to move within the bullish channel. Moving averages indicate an uptrend. At the moment, we should expect an attempt to reduce and test the support level near the 1.3265 area. Then, the growth of quotations with the goal above the level of 1.3945. USD/CAD Forecast and Analysis May 6 — 10, 2019 The test of the support line on the indicator of relative strength index (RSI) will be in favor of raising the USD/CAD currency pair. The second signal will…
Quotes of the pair USD/JPY US Dollar to Japanese Yen complete the trading week near the area of 111.47. The pair continues to move within the descending channel. Moving averages indicate a bullish trend. At the moment, we can expect an attempt to reduce and test the support level near the area of 110.65. Then rebound and continued growth of the pair to the area above 115.55. USD/JPY Forecast and Analysis May 6 — 10, 2019 In favor of the rise of a pair of Dollar/Yen will test the rising trend line on the indicator of relative strength index (RSI).…