Quotes of BRENT continue to move in line with the decline. At the time of publication of the forecast, the price of BRENT oil is 72.44 dollars per barrel. At this point, we should expect an attempt to test the upper limit of the descending canal near the level of $ 73.90 per barrel. Further, the continued fall in oil prices in the area below the level of $ 68.70. BRENT forecast & technical analysis August 3, 2018 In favor of falling quotations and prices for oil BRENT will test the resistance line on the indicator of relative strength index…
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 Canadian Dollar USD/CAD continues to move within the framework of correction and formation of the «Wedge» model. At the time of publication of the forecast, the US Dollar to the Canadian Dollar rate is 1.3012. At this point, we should expect an attempt to test the support level near the area of 1.2960 and continue the growth of the pair in the area above the level of 1.3165. USD/CAD forecast & technical analysis August 3, 2018 In favor of the growth of quotations of the Canadian Dollar will perform a test of the support line on…
Quotes of GOLD continue to move within the bearish channel. At the time of publication of the forecast, the price of GOLD is 1214 dollars per ounce. At this point, we should expect an attempt to test the upper border of the channel near the area of 1220. Where can we expect a rebound and the continuation of the fall in the price of GOLD with a target below the level of 1190. XAU/USD forecast GOLD & analysis August 3, 2018 In favor of falling quotations XAU/USD will test the resistance line on the indicator of relative strength index (RSI).…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the correction and formation of the «Triangle» model. At the time of publication of the forecast, the rate of the New Zealand Dollar against the US Dollar is 0.6752. At the moment, we should expect a test of resistance level near the area of 0.6800 and continuation of the fall in the area below the level of 0.6640. NZD/USD forecast & technical analysis August 3, 2018 In favor of reducing the pair NZD/USD will test the trend line on the indicator of relative strength…
Currency pair US Dollar Russian Ruble USD/RUB continues to move within the framework of correction and formation of the «Triangle» model. At the time of publication of the forecast, the US Dollar to the Russian Ruble rate is 63.40. At the moment, we should expect an attempt to test the support area near the level of 62.76 Russian Ruble for the US Dollar and start the pair’s growth in the area above the level of 65.75. USD/RUB forecast & technical analysis August 3, 2018 In favor of the growth of the pair USD/RUB, a breakdown of the resistance line will…
Bitcoin BTC/USD traded at 7474 and continues to move within the correction. At this point, we should expect an attempt to test the lower border of the uplink near the 7450 area. Again, we should expect a rebound and an attempt to continue the growth of the Bitcoin exchange rate with a target above the level of 8450. Bitcoin (BTC/USD) technical analysis August 3, 2018 In favor of the growth of quotations BTC/USD will test the trend line on the indicator of relative strength index (RSI). The abolition of the Bitcoin growth option will be the fall and breakdown of…
Ethereum ETH/USD traded at the level of 420 and continue to move within the limits of the decline. At this point, we should expect a test of the resistance level near the area of 430. Again, we should expect a rebound and the continued decline in the Ethereum rate with a target below the level of 360. Ethereum (ETH/USD) technical analysis August 3, 2018 In favor of falling quotes ETH/USD will perform a downtrend test on the indicator of relative strength index (RSI). Canceling the variant of the fall of the cryptocurrency will be a strong growth and breakdown of…
Litecoin LTC/USD traded at the level of 75.23 and continues to move within the bearish trend. At this point, we should expect a test of resistance level near the area of 79.00. Where again we should expect a rebound and the continued decline of the Litecoin exchange rate with a target below 65.00. Litecoin (LTC/USD) technical analysis August 3, 2018 In favor of the decline in LTC/USD quotations, a trend line test will be performed on the indicator of relative strength index (RSI). The abolition of the fall option will be a strong growth and breakdown of the 83.00 area,…
Ethereum ETH/USD is trading at 417. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. The test area of Ichimoku Kinko Hyo signal lines near level 430 is expected, from which one should expect a rebound and an attempt to continue falling ETH/USD with a target below 385 level. Ethereum forecast & analysis ETH/USD August 2, 2018 An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance level, as well as a test of the upper boundary of the bears channel.…
Litecoin LTC/USD is trading at the level of 76.79. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. The test area of Ichimoku Kinko Hyo signal lines near the level of 78.50 is expected, from which one should expect a rebound and an attempt to continue falling of LTC/USD with a target below 67.00. Litecoin forecast & analysis LTC/USD August 2, 2018 An additional signal in favor of reducing the Litecoin cryptocurrency will be a test of the resistance area, as well as a test of the upper boundary…