Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near the area of 0.7516. The pair continues to move in a bearish trend. At the moment, we should expect an attempt to test the upper border of the channel near the area of 0.7650 and continue the fall of AUD/USD with a target below 0.7250. AUD/USD weekly forecast May 7 — 11, 2018 In favor of the fall, a trendline test will be performed on the relative strength index (RSI). The cancellation of the AUD/USD fall will result in a strong growth and breakdown at the level of…
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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 pair Canadian Dollar to US Dollar USD/CAD closes the trading week near the level of 1.2873. At the moment, we should expect an attempt to test the support level near the area of 1.2670 and continue the growth of quotations with a target above the level of 1.3150. USD/CAD weekly forecast May 7 — 11, 2018 In favor of the growth of the pair USD/CAD will test the upward trend line on the indicator of relative strength index (RSI). Canceling the option of continuing the growth of USD/CAD quotes in the current trading week will be the fall and…
Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the area of 109.10. At this point, we should expect an attempt to test the support level near the area of 107.50 and continue the growth of the pair to an area above the level of 111.50. USD/JPY weekly forecast May 7 — 11, 2018 In favor of the pair’s growth, the Dollar/Yen will test the support line on the relative strength index (RSI). The cancellation of the growth of the pair USD/JPY in the current trading week will be the fall and breakdown of…
GOLD XAU/USD close the trading week near the area of 1309. Quotes continue to move within the bullish channel. At the moment, we should expect a test of the support level near the area of 1300 and the continuation of growth above the level of 1365. XAU/USD weekly forecast May 7 — 11, 2018 In favor of the growth of quotations and prices for Gold will perform a trend line test on the indicator of relative strength index (RSI). Cancellation of the growth scenario for XAU/USD will be the fall and breakdown of the 1280 area, which will indicate the…
Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.7010. The pair continues to move in a bearish trend. At the moment, we should expect a test of the resistance area near the level of 0.7160 and continuation of the fall of the pair below the level of 0.6720. NZD/USD weekly forecast May 7 — 11, 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 be a strong and breakdown of the…
Currency pair USD/CHF Dollar Franc completes trading week near the level of 0.9983. At this point, we should expect the test of the support area test near the level of 0.9800 and the continued growth of the pair with a target above the level of 1.0350. USD/CHF weekly forecast May 7 — 11, 2018 In favor of the growth of the Dollar Franc pair will test the trend line on the indicator of relative strength index (RSI). Cancellation of the USD/CHF growth scenario will be a fall and breakdown of the area of 0.97, which will indicate the breakdown of…
Bitcoin BTC/USD completes the trading week at 9672 and continue to move within the correction. At this point, we should expect an attempt to test the support area near the level of 8000. Again, we should expect a rebound and an attempt to grow Bitcoin with a target above 13000. Bitcoin weekly forecast May 7 — 11, 2018 In favor of the growth of quotations BTC/USD will perform a test of the broken trend line on the indicator of relative strength index (RSI). The abolition of the Bitcoin growth option will be the fall and breakdown of the 6000 area,…
Dash DSH/USD is trading at 499 level. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a bullish trend for Dash. Ichimoku Kinko Hyo Cloud near the 480 level is expected to be tested near where we can expect a rebound and an attempt to continue the growth of Dash with a target at 575 level. Dash forecast & analysis DSH/USD May 5, 2018 An additional signal in favor of the fall of the cryptocurrency will come from the upper bound of the «Triangle» model. Earlier, we received a weak…
Ethereum Classic ETC/USD is trading at the level of 22.66. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Ethereum Classic. The test area of the Ichimoku Kinko Hyo signal lines near the area of 21.50 is expected, from which it is expected to attempt a rebound and continue growth with the target near the level of 26.00. Ethereum Classic forecast & analysis May 5, 2018 An additional signal in favor of the growth of the cryptocurrency will be the upper bound of the «Triangle» model, as well…
Monero XMR/USD is trading at 249. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Monero. The test area of Ichimoku Kinko Hyo signal lines near the level of 255 is expected, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at level 210. Monero forecast & analysis XMR/USD May 5, 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…