GOLD XAU/USD close the trading week near the area of 1208. Quotes continue to move in the bearish trend. At the moment, we should expect a test of the upper border of the channel near the area of 1225 and the continuation of the fall in the price of GOLD below the level of 1140. XAU/USD weekly forecast & analysis August 13 — 17, 2018 In favor of falling quotes and prices for GOLD, a downtrend test on the relative strength index (RSI) will perform, as well as a resistance level test. The cancellation of the fall in XAU/USD quotations…
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.
Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.6585. The pair continues to move in a bearish trend. At this point, we should expect an attempt to test the resistance area near the level of 0.6680 and continue falling below the level of 0.6270. NZD/USD weekly forecast & analysis August 13 — 17, 2018 In favor of reducing the currency pair NZD/USD, a downtrend test on the relative strength index (RSI) will perform. The cancellation of the fall option will result in a strong growth and breakdown of the area…
Currency pair USD/CHF Dollar/Franc closes the trading week near the level of 0.9946. At the moment, we should expect the test of the support area test near the level of 0.9880 and the continued growth of the pair with a target above the level of 1.0340. USD/CHF weekly forecast & analysis August 13 — 17, 2018 In favor of the growth of the Dollar/Franc pair, a trend line test will be performed on the relative strength index (RSI), as well as the lower bound of the «Triangle» model. Cancellation of the USD/CHF growth scenario will be the fall and breakdown…
Bitcoin BTC/USD completes the trading week at 6350 and continues to move within a bearish trend. At this point, we should expect a test of the resistance area near the level of 7000. Again, we should expect a rebound and an attempt to continue the depreciation of Bitcoin with a target below 4800 level. Bitcoin weekly forecast & analysis August 13 — 17, 2018 In favor of falling quotes BTC/USD will perform a test of a broken trend line on the indicator of relative strength index (RSI). The abolition of the Bitcoin reduction option will be a strong growth and…
Ethereum ETH/USD completes the trading week at 354 and continues to move in a bearish trend. At this point, we should expect an attempt at a resistance level near the area of 420. Again, we should expect a rebound and the continued decline in the Ethereum rate with a target below the level of 235. Ethereum weekly forecast & analysis August 13 — 17, 2018 In favor of lowering quotations ETH/USD will test the resistance line on the indicator of relative strength index (RSI), as well as test the upper boundary of the descending channel. The reversal of the fall…
Ripple XRP/USD completes the trading week at 0.31 and continue to move in a bearish trend. At this point, we should expect an attempt to test the resistance level near the area of 0.40. Whence again we should expect a rebound and the continued fall of the cryptocurrency into the area below the level of 0.21. Ripple weekly forecast & analysis August 13 — 17, 2018 In favor of lowering the quotes XRP/USD will come the test of the bearish trend line on the indicator of relative strength index (RSI), as well as the test of the upper boundary of…
Litecoin LTC/USD completes the trading week at level 60 and continues to move in a bearish trend. At this point, we should expect a test of the resistance area near the level of 75. Where again we should expect a rebound and an attempt to continue the decline of the Litecoin course with a target below the level of 40. Litecoin weekly forecast & analysis August 13 — 17, 2018 In favor of falling quotes LTC/USD will perform a downtrend test on the indicator of relative strength index (RSI). The abolition of the Litecoin decline option will be a strong…
Bitcoin BTC/USD is trading at 6435. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. The test area of the Ichimoku Kinko Hyo signal lines near the level of 6500 is expected, from which we should expect a rebound and an attempt to continue the fall of Bitcoin’s cryptocurrency with a target at 5600 level. Bitcoin forecast & analysis BTC/USD August 10, 2018 In favor of lowering the quotations of the BTC/USD cryptocurrency, a resistance level test will perform, as well as a test of the upper boundary of…
Ethereum ETH/USD is trading at 361. 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 the 380 level is expected, from which one should expect a rebound and an attempt to continue falling ETH/USD with a target below 310. Ethereum forecast & analysis ETH/USD August 10, 2018 An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area, as well as a test of the upper boundary of the bearish channel.…
Litecoin LTC/USD is trading at 63.05. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. The Ichimoku Kinko Hyo signal line area test is expected near the level of 65.00, from which one should expect a rebound and an attempt to continue falling LTC/USD with a target below 53.20. Litecoin forecast & analysis LTC/USD August 10, 2018 An additional signal in favor of lowering the Litecoin cryptocurrency will be the test of the upper boundary of the bearish channel. Earlier, a weak signal was received for sell of Litecoin…