Ripple XRP/USD traded at 0.2773 and continue to move within the bearish trend. At the moment, we should expect an attempt to test the support area near the level of 0.2500 and continue the growth of the cryptocurrency in the area above the level of 0.3320. Ripple (XRP/USD) technical analysis August 17, 2018 In favor of the growth of quotations XRP/USD will perform a test of the broken trend line on the indicator of relative strength index (RSI), as well as the formation of the reversal model «Head and Shoulders». Canceling the variant of the growth of the cryptocurrency will…
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.
Currency pair US Dollar to Chinese Yuan USD/CNH continues to move within the bullish trend. At the time of publication of the forecast, the US Dollar to the Chinese Yuan is 6.89. At the moment, we should expect a test of the lower border of the channel near the area of 6.83, then a rebound and the continued growth of USD/CNH quotations to the area above the level of 7.06. USD/CNH forecast Chinese Yuan August 17, 2018 In favor of the pair’s growth, the US Dollar will perform a test of the support line on the indicator of relative strength…
Currency pair Euro Pound EUR/GBP continues to move within the framework of the bullish correction. At the time of the Forex forecast publication, the Euro rate to the British Pound is 0.8948. At the moment, we should expect a test of the resistance level near the area of 0.8960, then a rebound and the continuation of the EUR/GBP quotes decline below 0.8810. EUR/GBP Forecast for Euro Pound August 17, 2018 In favor of reducing the pair EUR/GBP, a trend line test will be performed on the relative strength index (RSI), as well as the formation of the «Head and Shoulders»…
Currency pair US Dollar to Polish Zloty USD/PLN continues to move within the bullish trend. At the time of publication of the forecast, the US Dollar rate for the Polish Zloty is 3.78. At the moment, we should expect a test of the support level near the area of 3.75, then rebound upwards and continue the growth of USD/PLN quotations to the area above the level of 3.85. USD/PLN forecast Polish Zloty August 17, 2018 In favor of the growth of the currency pair, the US Dollar/Polish Zloty will test the support line on the indicator of relative strength index…
Currency pair Euro Dollar EUR/USD continues to move within the limits of the decline. At the time of publication of the forecast, the Euro to the US Dollar rate is 1.1327. At the moment, we should expect an attempt to test the upper boundary of the bearish channel near the area of 1.1385, where we should expect a rebound and continue the decline of the Euro/Dollar with a target below the level of 1.1145. EUR/USD forecast & technical analysis August 16, 2018 In favor of falling quotations EUR/USD will test the bearish trend line on the indicator of relative strength…
Currency pair Pound/Dollar GBP/USD continues to move in the bearish channel. At the time of publication of the forecast, the rate of the British Pound to the US Dollar is 1.2722. At this point, we should expect an attempt to test the broken channel border near the level of 1.2820, where again we should expect a rebound and the continued decline of the British Pound against the US Dollar. The target of the fall of the GBP/USD pair is the area below the level of 1.2525. GBP/USD forecast & technical analysis August 16, 2018 In favor of reducing the pair…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the limits of the decline. At the time of publication of the forecast, the rate of the Australian Dollar against the US dollar is 0.7254. At this point, we should expect an attempt to test the resistance area near the level of 0.7285 and continue falling quotations in the area below the level of 0.7110. AUD/USD forecast & technical analysis August 16, 2018 In favor of the fall of the pair AUD/USD will perform a test of the broken trend line on the indicator of relative strength index…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within a bearish correction. At the time of publication of the forecast, the US Dollar rate against the Japanese Yen is 111.21. At the moment, we should expect a test of the support area test near the level of 110.45 and continuation of the pair USD/JPY growth in the area above the level of 112.90. USD/JPY forecast & technical analysis August 16, 2018 In favor of the growth of the pair USD/JPY, a trend line test will be performed on the indicator of relative strength index…
Quotes of BRENT continue to move within the framework of the formation of the «Triangle» model. At the time of publication of the forecast, the price of BRENT oil is $ 71.49 per barrel. At this point, we should expect an attempt to test the upper limit of the model «Triangle» near the level of $ 72.50 per barrel. Further, the continued fall in oil prices in the area below the level of $ 67.20. BRENT forecast & technical analysis August 16, 2018 In favor of falling quotations and prices for oil BRENT will test the resistance line on the…
Currency pair US Dollar Canadian Dollar USD/CAD continues to move within the correction. At the time of publication of the forecast, the US Dollar rate against the Canadian Dollar is 1.3081. At this point, we should expect an attempt to test the support level near the 1.3035 area and continue the growth of the pair with a potential target above the level of 1.3300. USD/CAD forecast & technical analysis August 16, 2018 In favor of the growth of quotations of the Canadian Dollar, a trend line test will be performed on the indicator of relative strength index (RSI), as well…