Bitcoin BTC/USD is trading at 7331. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. Ichimoku Kinko Hyo Cloud is expected to test near the level of 7500, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 6650 level. Bitcoin forecast & analysis BTC/USD May 31, 2018 In favor of falling quotations of cryptocurrency will test the upper limit of the descending channel, as well as a test of the resistance level. Earlier, a strong signal was…
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.
Ethereum ETH/USD is traded at 553. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. The test area of the Ichimoku Kinko Hyo signal lines is expected near the area of 565, from which one should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 440. Ethereum forecast & analysis ETH/USD May 31, 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…
Litecoin LTC/USD is trading at the level of 115. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. A 113 level 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 May 31, 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 model «Wolfe Wave».…
Ripple XRP/USD is trading at 0.59. 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 lower limit test is expected near the 0.60 level, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with the target near the level of 0.45. Ripple forecast & analysis XRP/USD May 31, 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…
Bitcoin Cash BCH/USD is trading at 980. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin Cash. The test area of Ichimoku Kinko Hyo signal lines near the level of 1000 is expected, from which it is expected to attempt a rebound and continue falling of the cryptocurrency with a target below the level of 700. Bitcoin Cash forecast & analysis BCH/USD May 31, 2018 An additional signal in favor of the fall of the cryptocurrency will come from the resistance area test, as well as the lower bound…
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 1.1680, where we can expect an attempt to rebound and continue the fall of the Euro/Dollar with a target below the level of 1.1240. EUR/USD forecast & technical analysis May 31, 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…
Currency pair Pound Dollar GBP/USD continues to move within a bearish trend. At this point, we should expect an attempt to test the resistance level near the area of 1.3325, 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 May 31, 2018 In favor of the fall of the pair on Forex will test the resistance line on the indicator of relative strength index (RSI). Cancellation…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the bearish channel. At the moment, we should expect an attempt to test the resistance area near the level of 0.7545 and the continuation of falling quotations in the area below the level of 0.7450. AUD/USD forecast & technical analysis May 31, 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). The cancellation of the drop in the Australian Dollar quotations will result in a strong growth and breakdown at the level…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the correction. At this point, we should expect an attempt to test the resistance area near the level of 108.90 and continue the fall of the pair in the area below the level of 107.30. USD/JPY forecast & technical analysis May 31, 2018 In favor of the fall of the pair USD/JPY, the trend line test will be performed on the indicator of relative strength index (RSI). The cancellation of the fall variant of the Dollar/Yen pair will result in a strong growth and breakdown…
Quotes of BRENT continue to move within the bearish channel. At this point, we should expect an attempt to test the resistance area near the level of 76.50 dollars per barrel. Further, the continuation of the fall of oil in the area below the level of 72.05. BRENT forecast & technical analysis May 31, 2018 In favor of falling quotations and prices for oil BRENT will test the trend line on the indicator of relative strength index (RSI). The abolition of the fall in oil prices will be a strong growth and a breakdown of the level of 77.90 dollars…