Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the limits of the decline. At this point, we should expect an attempt to test the upper boundary of the bearish channel near the area of 106.40 and continue the fall of the pair into the area below the level of 104.40. In favor of reducing the pair USD/JPY, a resistance area test will be performed on the relative strength index (RSI). USD/JPY forecast & technical analysis March 7, 2018 The cancellation of the fall variant of the Dollar/Yen pair will result in strong growth…
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 Australian Dollar to US Dollar AUD/USD continues to move within the framework of strong growth. At the moment, we should expect the test of the support area test near the level of 0.7755 and the continuation of the growth of quotations in the area above the level of 0.7960. In favor of the growth of the AUD/USD pair, a support line test will be performed on the relative strength index (RSI), as well as the formation of the «Head and Shoulders» reversal model. AUD/USD forecast & technical analysis March 7, 2018 The cancellation of the variant of the…
Currency pair Pound Dollar GBP/USD continues to move within the bearish channel. At this point, we should expect an attempt to test the resistance level near the area of 1.3920, where again we should expect a rebound and the continuation of the fall of the Pound against the US Dollar. The target of reducing the GBP/USD pair is the area below the level of 1.3650. In favor of the fall of the pair on Forex will test the resistance line on the indicator of relative strength index (RSI). GBP/USD forecast & technical analysis March 7, 2018 The cancellation of the…
The currency pair Euro Dollar EUR/USD continues to move within the framework of growth. At the moment, we should expect a test of the support level near the area of 1.2320, where again we should expect a rebound attempt and the continued growth of the euro/dollar with a target above 1.2575. In favor of EUR/USD quotes growth, the trend line test will be performed on the indicator of relative strength index (RSI). EUR/USD forecast & technical analysis March 7, 2018 The cancellation of the variant of Euro/Dollar price growth will be a breakdown at the level of 1.2290, which will…
Bitcoin BTC/USD is trading at 10805. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend for Bitcoin. Ichimoku Kinko Hyo Cloud is expected to test near the 10600 area, from which it is expected to rebound and attempt to continue growth with a target at 12150. Bitcoin forecast & analysis BTC/USD on March 7, 2018 In support of the growth of the cryptocurrency quotations, a support level test will perform, as well as a test of the lower boundary of the channel. Earlier, a weak signal was received for buy of…
Dash DSH/USD is trading at 548. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend for Dash. The test area of the Ichimoku Kinko Hyo signal lines near the level 565 is expected, from which we should expect a rebound and an attempt to continue falling with a target at level 495. Dash forecast & analysis DSH/USD on March 7, 2018 An additional signal in favor of the fall will be the test of the lower bound of the «Triangle» model. Earlier, a strong signal was received for sell of Dash…
Ethereum Classic ETC/USD is trading at the level of 21.99. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Ethereum Classic. The test area of Ichimoku Kinko Hyo signal lines near the area of 23.50 is expected, from which it is expected to attempt a rebound and continue falling with the target near the level of 17.50. Ethereum Classic forecast & analysis on March 7, 2018 An additional signal in favor of the fall will be the test of the upper boundary of the descending channel. Earlier, a…
Ethereum ETH/USD is trading at 813. The cryptocurrency is traded below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Ethereum. The Ichimoku Kinko Hyo cloud is expected to test near the 830 level, from which we should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at 735 level. Ethereum forecast & analysis ETH/USD on March 7, 2018 An additional signal in favor of the fall of the crypto currency is the breakdown of the lower boundary of the bearish channel. Earlier, a medium strength signal was…
Litecoin LTC/USD is trading at 189. The cryptocurrency is traded below the lower limit of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Litecoin. The Ichimoku Kinko Hyo cloud is expected to test near the 195 level, from which one should expect a rebound and an attempt to continue falling LTC/USD with a target below the level of 160. Litecoin forecast & analysis LTC/USD on March 7, 2018 An additional signal in favor of the fall of the crypto currency will come from the lower bound of the «Triangle» model. Earlier, weak signals were received for buy of…
Monero XMR/USD is trading at 344. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is a bullish trend in Monero. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 330 level, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at level 395. Monero forecast & analysis XMR/USD on March 7, 2018 An additional signal in favor of the growth of the cryptocurrency will be a test of the support level. Earlier, a weak signal was…