Litecoin LTC/USD is trading at 140. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. Ichimoku Kinko Hyo Cloud is expected to test near the level 145, from which one should expect a rebound and an attempt to continue falling LTC/USD with a target below level 110. Litecoin forecast & analysis LTC/USD May 16, 2018 An additional signal in favor of the fall of the cryptocurrency will be a test of the resistance area. Earlier, a weak signal was received for buy of Litecoin cryptocurrency, due to the crossing…
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.
Ripple XRP/USD is trading at 0.71. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ripple. Ichimoku Kinko Hyo Cloud is expected to test near the 0.72 level, from which we expect a rebound and an attempt to continue the fall of the cryptocurrency with a target near the level of 0.55. Ripple forecast & analysis XRP/USD May 16, 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 lower boundary of the…
Bitcoin Cash BCH/USD is trading at 1381. 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 near the level 1450 is expected to be tested, from which it is expected to attempt a rebound and continue falling of the cryptocurrency with a target below the level of 1000. Bitcoin Cash forecast & analysis BCH/USD May 16, 2018 An additional signal in favor of the fall of the cryptocurrency will be a resistance level test, as well as the formation of the «Head and Shoulders»…
The currency pair Euro Dollar EUR/USD continues to move within the bearish trend. At the moment, we should expect a test of the resistance area near the level of 1.1965, where we can expect an attempt to rebound and continue the fall of the Euro/Dollar with a target below 1.1625 level. EUR/USD forecast & technical analysis May 16, 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 the upper channel test. The cancellation of the variant of the Euro/Dollar price decline will result in a…
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 1.3655, where again we should expect a rebound and the continuation of the fall of the Pound against the Dollar. The fall target of the GBP/USD pair is the area below the level of 1.3245. GBP/USD forecast & technical analysis May 16, 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 of the variant of…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the limits of the decline. At the moment, we should expect an attempt to test the resistance area near the level of 0.7580 and the continuation of falling quotations in the area below the level of 0.7320. AUD/USD forecast & technical analysis May 16, 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 breakdown at…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the bullish channel. At this point, we should expect an attempt to test the support area near the level of 109.30 and continue the growth of the pair in the area above the level of 111.90. USD/JPY forecast & technical analysis May 16, 2018 In favor of the growth of the pair USD/JPY will test the upward trend line on the indicator of relative strength index (RSI). The cancellation of the growth variant of the Dollar/Yen pair will result in a drop and a level…
Quotes of BRENT continue to move within the bullish channel. At the moment, we should expect an attempt to test the upper border of the channel near the area of 79.00 dollars per barrel. Further, the continuation of the fall of oil in the area below the level of 74.50. BRENT forecast & technical analysis May 16, 2018 In favor of falling quotations and prices for oil BRENT will test the resistance line on the indicator of relative strength index (RSI). The abolition of the fall in oil prices will be a strong growth and breakdown at 79.50 dollars per…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move in a bearish correction. At the moment, we should expect an attempt to test the resistance level near the area of 1.2910 and continue falling growth in the area below the level of 1.2550. USD/CAD forecast & technical analysis May 16, 2018 In favor of falling quotations of the Canadian Dollar will perform a test of the resistance line on the indicator of relative strength index (RSI). The cancellation of the USD/CAD fall on the Forex market will be strong growth and breakdown of the 1.3020 area, which will…
Quotes of GOLD continue to move within the limits of the decline. At this point, we should expect an attempt to test the resistance level near the area of 1315. Where can we expect a rebound and the continuation of the fall in the price of GOLD with a target below the level of 1285. XAU/USD forecast & technical analysis May 16, 2018 In favor of falling quotations XAU/USD will test the trend line on the indicator of relative strength index (RSI). The reversal of the decline in GOLD prices will be a strong growth and breakdown of the 1335…