Quotes of GOLD continue to move within the 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 1260. XAU/USD forecast & technical analysis May 25, 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 will be a strong…
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.
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the bearish channel. At this point, we should expect an attempt to test the resistance level near the area of 0.6940 and continue falling to the area below the level of 0.6750. NZD/USD forecast & technical analysis May 25, 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 breakdown at the level of 0.7010,…
Currency pair Dollar Franc USD/CHF continues to move within a bearish correction. At the moment, we should expect an attempt to test the lower limit of the channel near the area of 0.9885 and continue the growth of the US Dollar against the Swiss Franc with a target above the level of 1.0220. USD/CHF forecast & technical analysis May 25, 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 will be…
Currency pair US Dollar Russian Ruble USD/RUB continues to move within the correction and the «Triangle» model. At the moment, we should expect a test of the support area test near the level of 61.00 and continue the growth of the pair in the area above the level of 63.50. USD/RUB forecast & technical analysis May 25, 2018 In favor of the growth of the pair USD/RUB will perform a test of the support line on the indicator of relative strength index (RSI), as well as the formation of the bullish «Wolfe Wave» model. Canceling the growth of the pair…
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…
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…