Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.6974. The pair continues to move in a bearish trend. At this point, we should expect a test of the resistance area test near the level of 0.7060 and continuation of the fall of the pair below the level of 0.6710. NZD/USD weekly forecast June 4 — 8, 2018 In favor of the fall of NZD/USD, a resistance line test will be performed on the relative strength index (RSI). The cancellation of the fall variant will result in a strong growth and…
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.
Currency pair USD/CHF Dollar Franc completes trading week near the level of 0.9900. At this point, we should expect a test of the support area test near the level of 0.9810 and the continued growth of the pair with a target above the level of 1.0320. USD/CHF weekly forecast June 4 — 8, 2018 In favor of the growth of the Dollar/Franc, a support area test will be performed on the relative strength index (RSI), as well as a test of the upper boundary of the bearish channel. Cancellation of the USD/CHF growth scenario will be the fall and breakdown…
Ripple XRP/USD completes the trading week at 0.60 and continue to move within the framework of a bearish correction and the formation of an inverted «Head and Shoulders» model. At this point, we should expect an attempt to test the support level near the area of 0.57. Whence again we should expect a rebound and the continued growth of the cryptocurrency in the area above the level of 1.10. Ripple weekly forecast June 4 — 8, 2018 In favor of the growth of quotations XRP/USD will test the trend line on the indicator of relative strength index (RSI). Cancellation of…
Litecoin LTC/USD completes the trading week at level 118 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 limit of the model «Triangle» near the level of 105. Again, we should expect a rebound and an attempt to increase the rate of Litecoin with a target above 215. The overall target of working out the «Triangle» model is the area above the level of 380. Litecoin weekly forecast June 4 — 8, 2018 In favor of LTC/USD quotes growth, the support area test will…
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…
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…