Ethereum ETH/USD completes the trading week at 580 and continues to move within the framework of correction and formation of the inverted «Head and Shoulders». At this point, we should expect a support level attempt near area 530. Again, we expect a rebound and the continued growth of the Ethereum rate with a target above the level of 1000. Ethereum weekly forecast June 4 — 8, 2018 In favor of the growth of quotations ETH/USD will perform a test of the support line on the indicator of relative strength index (RSI). Cancellation of the growth option will be a breakdown…
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 BTC/USD completes the trading week at 7485 and continues to move within the correction and formation of the «Triangle» model. At this point, we should expect an attempt to test the lower boundary of the model near the level of 7200. Again, we should expect a rebound and an attempt to increase the Bitcoin rate with a target above 11500. Bitcoin weekly forecast June 4 — 8, 2018 In favor of the growth of quotations BTC/USD will perform a test of the support line on the indicator of relative strength index (RSI). The abolition of the Bitcoin growth scenario…
Bitcoin Cash BCH/USD is trading at the level of 1005. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. Ichimoku Kinko Hyo Cloud test is near the 1050 level, from which it is expected to attempt a rebound and continue falling of the cryptocurrency with a target below the level of 880 as part of the formation of the «Head and Shoulders» reversal model. Bitcoin Cash forecast & analysis BCH/USD June 1, 2018 An additional signal in favor of the fall of the cryptocurrency will be a test…
Ripple XRP/USD is trading at 0.61. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend over Ripple. Ichimoku Kinko Hyo Cloud near the level of 0.58 is expected to be tested, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target close to 0.70. Ripple forecast & analysis XRP/USD June 1, 2018 An additional signal in favor of the growth of the cryptocurrency will be a test of the support level, as well as the formation of the reversal model «Head…
Litecoin LTC/USD is trading at the level of 119. The cryptocurrency is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Litecoin. A level 115 test is expected, from which one should expect a rebound and an attempt to reverse the current trend and start LTC/USD growth with a target above the level of 135. Litecoin forecast & analysis LTC/USD June 1, 2018 An additional signal in favor of the growth of the cryptocurrency will be the formation of the «Head and Shoulders» reversal model, as well as the bullish…
Ethereum ETH/USD is traded at the level of 576. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bearish trend in Ethereum. A 550 level test is expected, from which one should expect a rebound and an attempt to reverse the current trend and start the growth of ETH/USD with a target above the level of 675. Ethereum forecast & analysis ETH/USD June 1, 2018 An additional signal in favor of the growth of the cryptocurrency will be the test of the support area, as well as the formation…
Bitcoin BTC/USD is trading at 7554. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for Bitcoin. Ichimoku Kinko Hyo Cloud is expected to test near the level of 7350, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at 8400 level. Bitcoin forecast & analysis BTC/USD June 1, 2018 In support of growth of quotations of cryptocurrency, a support level test will perform, as well as the formation of the «Head and Shoulders» reversal model. Earlier, a weak signal was received for buy…
The currency pair Euro Dollar EUR/USD continues to move within the bearish trend. At the moment, we should expect a test of the upper border of the channel near the level of 1.1700, from which we should expect an attempt to rebound and continue the fall of the Euro/Dollar with a target below 1.1350. EUR/USD forecast & technical analysis June 1, 2018 In favor of falling quotations EUR/USD will test the bearish trend line on the indicator of relative strength index (RSI). The cancellation of the variant of the Euro/Dollar price decline will result in a strong growth and breakdown…
Currency pair Pound Dollar GBP/USD continues to move within a bearish trend. At this point, we should expect an attempt to test the upper border of the channel near the area of 1.3365, where again we should expect a rebound and the continuation of the fall 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 1.3005. GBP/USD forecast & technical analysis June 1, 2018 In favor of the fall of the pair on Forex will test the resistance line on the indicator of relative strength…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the framework of a bullish correction. At the moment, we should expect an attempt to test the resistance area near the level of 0.7595 and continue falling quotations in the area below the level of 0.7490. AUD/USD forecast & technical analysis June 1, 2018 In favor of the fall of the pair AUD/USD, a trend line test will be performed on the indicator of relative strength index (RSI). Cancellation option quotations Australian Dollar drop becomes strong rise, and the breakdown level 0.7620, which indicates the puncture resistance region…