Ethereum ETH/USD is trading at 529. The cryptocurrency is traded 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 near the area 560 is expected, from which we 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 29, 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…
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.
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 1.1745, from which we should expect an attempt to rebound and continue the fall of the Euro/Dollar with a target below 1.1480. EUR/USD forecast & technical analysis May 29, 2018 In favor of falling quotations EUR/USD will test the bearish trend line on the indicator of relative strength index (RSI), as well as a test of resistance level. The cancellation of the variant of the Euro/Dollar price decline…
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 1.3385, 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 1.3170. GBP/USD forecast & technical analysis May 29, 2018 In favor of the fall of the pair on Forex will test the resistance line on the indicator of relative strength index (RSI). The…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the framework of the formation of the «Triangle» model. At the moment, we should expect an attempt to test the resistance area near the level of 0.7580 and continue falling prices in the area below the level of 0.7480. AUD/USD forecast & technical analysis May 29, 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…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the correction. At the moment, we should expect an attempt to test the resistance area near the level of 110.05 and continue falling of the pair in the area below the level of 108.20 as part of the start of the development of the «Head and Shoulders» reversal model. USD/JPY forecast & technical analysis May 29, 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…
Quotes of BRENT continue to move within the bullish 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 69.10. BRENT forecast & technical analysis May 29, 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 increase and a breakdown of the level of 80.60 dollars…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move in correction. At the moment, we should expect an attempt to test the support level near the area of 1.2920 and continue the growth of the pair in the area above the level of 1.3180. USD/CAD forecast & technical analysis May 29, 2018 In favor of the growth of quotations of the Canadian Dollar will perform a test of the support line on the indicator of relative strength index (RSI). Cancellation of the USD/CAD growth option on Forex will be the fall and breakdown of the area of 1.2850,…
Quotes of GOLD continue to move within the framework of a bullish correction. At this point, we should expect an attempt to test the resistance level near area 1305. Where can we expect a rebound and the continuation of the fall in the price of GOLD with a target below the level of 1265. XAU/USD forecast & technical analysis May 29, 2018 In favor of falling quotations XAU/USD will test the trend line on the indicator of relative strength index (RSI), as well as test the upper boundary of the bearish channel. The reversal of the decline in GOLD prices…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the framework of the formation of the «Triangle» model. At this point, we should expect an attempt to test the resistance level near the area of 0.6960 and continue falling to the area below the level of 0.6850. NZD/USD forecast & technical analysis May 29, 2018 In favor of the fall of NZD/USD, a breakdown of the support line will occur on the indicator of relative strength index (RSI). The cancellation of the New Zealand Dollar quotation will result in a strong growth and…
Currency pair Dollar Franc USD/CHF continues to move within a bearish correction. At this point, we should expect an attempt to test the lower limit of the channel near the area of 0.9885 and the continuation of the growth of the US dollar against the Swiss Franc with a target above the level of 1.0250. USD/CHF forecast & technical analysis May 29, 2018 In favor of the growth of the Dollar/Franc, the formation of the reversal model «Head and Shoulders» will appear on the indicator of relative strength index (RSI). Cancellation of the growth of the pair USD/CHF on Forex…