Bitcoin BTC/USD are traded at 7292 and continue to move within the framework of the formation of the bullish «5-0» model. At this point, we should expect a test of the support level near the 7150 area. Again, we should expect a rebound and an attempt to continue the growth of the Bitcoin exchange rate with a target above the 8400 level as part of the start of the model’s development. The overall growth target is the area above the 10400 level. Bitcoin (BTC/USD) technical analysis May 25, 2018 In favor of the growth of quotations BTC/USD will perform a…
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 is trading at 7610. The cryptocurrency is trading 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 7900 level is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 6800 level. Bitcoin forecast & analysis BTC/USD May 24, 2018 In favor of falling quotations of cryptocurrency, resistance areas will appear, as well as a test of the upper boundary of the bearish channel. Earlier, a strong…
Ethereum ETH/USD is traded at 585. 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 area 615 is expected, from which it is expected to rebound and attempt to continue falling of cryptocurrency with a target at 480 level. Ethereum forecast & analysis ETH/USD May 24, 2018 An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area. Earlier, a strong signal was received for sell of the Ethereum cryptocurrency, due…
Litecoin LTC/USD is trading at level 118. 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 level 125 is expected, from which it is expected to rebound and attempt to continue falling of LTC/USD with a target below the level of 100. Litecoin forecast & analysis LTC/USD May 24, 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…
Ripple XRP/USD is trading at 0.58. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. Ichimoku Kinko Hyo signal line area test is expected near the level of 0.64, 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 24, 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 traded at the level of 992. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in Bitcoin Cash. The test area of Ichimoku Kinko Hyo signal lines near the level 1100 is expected, from which it is expected to attempt a rebound and continue falling of the cryptocurrency with a target below the level of 800. Bitcoin Cash forecast & analysis BCH/USD May 24, 2018 An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area, as well…
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 1.1750, from which we should expect an attempt to rebound and continue the fall of the Euro/Dollar with a target below 1.1520. EUR/USD forecast & technical analysis May 24, 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 resistance level near the area of 1.3480, 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 pair GBP/USD is the area below the level of 1.3200. GBP/USD forecast & technical analysis May 24, 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 0.7570 and the continuation of falling quotations in the area below the level of 0.7270 as part of the start-up of the bearish model «Wolfe Wave». AUD/USD forecast & technical analysis May 24, 2018 In favor of the fall of the pair AUD/USD, a breakdown of the trend line will appear on the indicator of relative strength index (RSI). The cancellation of the drop in the Australian Dollar…
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 110.55 and continue falling of the pair in the area below the level of 108.80. USD/JPY forecast & technical analysis May 24, 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 a breakdown…