Ripple XRP/USD is trading at 0.4299. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. The Ichimoku Kinko Hyo Cloud low limit test is expected near the level of 0.4325, from which we should expect a rebound and an attempt to continue the fall of the XRP/USD cryptocurrency with the target close to the level of 0.3850. Ripple forecast & analysis XRP/USD August 4, 2018 An additional signal in favor of reducing the XRP/USD cryptocurrency will be a test of the resistance area, as well as a test of…
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.
Bitcoin Cash BCH/USD is trading at 720. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo signal line area test is near the 755 level, from which it is expected to attempt a rebound and continue the fall of the BCH/USD cryptocurrency with a target below the level of 640. Bitcoin Cash forecast & analysis BCH/USD August 4, 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…
Currency pair Euro Dollar EUR/USD completes the trading week near the area of 1.1572 and continues to move within the framework of the formation of the «Triangle» model. At the moment, we should expect an attempt to test the upper limit of the model near the level of 1.1650 and continue the fall of the euro/dollar into the area below the level of 1.1150 within the framework of the start of the model’s development. EUR/USD weekly forecast & analysis August 6 — 10, 2018 In favor of the EUR/USD decline, a resistance line test will be performed on the relative…
Quotes of BRENT crude oil lose the trading week near the area of 73.22 dollars per barrel. It is worth waiting for an attempt to test the bottom of the channel near the level of 75.50 and the beginning of the fall of oil in the area below the level of 63.50 dollars per barrel. BRENT crude oil forecast & analysis August 6 — 10, 2018 An additional signal in favor of falling oil prices this week will be a test of the resistance line on the indicator of relative strength index (RSI). Canceling the variant of falling quotes and…
Currency pair Pound Dollar GBP/USD completes the trading week near the area of 1.3002. 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 1.3095 and continue falling quotations in the area below the level of 1.2530. GBP/USD weekly forecast & analysis August 6 — 10, 2018 In favor of the decline of the British Pound, a trend line test will be performed on the indicator of relative strength index (RSI). The cancellation of the fall of the GBP/USD pair will result in strong…
Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 63.15 Russian Ruble for the US Dollar. The pair continues to move within the framework of correction and formation of the «Triangle» model. At the moment, we should expect a test of the support area near the level of 62.40 and the continuation of the pair’s growth above the level of 66.40. USD/RUB weekly forecast & analysis August 6 — 10, 2018 In favor of the growth of the Dollar/Ruble pair will test the trend line on the indicator of relative strength index (RSI).…
Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the area of 0.7395. The pair continues to move in a bearish trend. At the moment, we should expect an attempt to test the upper border of the channel near the area of 0.7430 and continue the fall of AUD/USD with a target below 0.7030. AUD/USD weekly forecast & analysis August 6 — 10, 2018 In favor of the fall of the pair on Forex will test the bearish trend line on the indicator of relative strength index (RSI). The abolition of the AUD/USD decline option will be…
The pair Canadian Dollar to US Dollar USD/CAD closes the trading week near the level of 1.2981. The pair continues to move within the bullish channel. At the moment, we should expect a test of the support level near the 1.2880 area and the beginning of the growth of quotations with a target above 1.3420. USD/CAD weekly forecast & analysis August 6 — 10, 2018 In favor of the growth of the pair USD/CAD will test the trend line on the indicator of relative strength index (RSI). Cancellation of the USD/CAD growth scenario on the current trading week on USD/CAD…
Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the area of 111.22. The pair continues to move within the framework of growth. At this point we should expect an attempt to test the support level near the area of 110.80 and continue the growth of the pair in the area above the level of 114.60. USD/JPY weekly forecast & analysis August 6 — 10, 2018 In favor of the pair’s growth, the Dollar/Yen will test the trend line on the indicator of relative strength index (RSI). The cancellation of the growth of the…
GOLD XAU/USD close the trading week near the area of 1218. Quotes continue to move in a bearish trend. At the moment, we should expect a test of the upper border of the channel near the area of 1235 and the continuation of the fall in the price of GOLD below the level of 1170. XAU/USD weekly forecast & analysis August 6 — 10, 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…