Ethereum ETH/USD are traded at 612 and continue to move in a bearish trend. At this point, we should expect a test of the resistance level near the area of 740. Again, we expect a rebound and the continued decline in the Ethereum rate with a target below 350. In favor of falling quotations, ETH/USD will test the resistance line on the relative strength index (RSI), as well as the upper boundary channel test. Ethereum forecast & technical analysis February 7, 2018 The reversal of the fall option will be a strong growth and breakdown at the level of 840,…
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.
Bitcoin BTC/USD are traded at 6439 and continue to move in a bearish trend. At this point, we should expect an attempt to test the upper boundary of the bearish channel near the level of 7650. Again, we should expect a rebound and an attempt to continue falling Bitcoin with a target below 4700. Bitcoin forecast & technical analysis February 7, 2018 In favor of falling quotes BTC/USD will test the resistance line on the indicator of relative strength index (RSI). The abolition of the Bitcoin reduction option will be a strong growth and breakdown of the 8200 area, which…
Brent crude oil is trading at $ 67.41 per barrel. Brent oil is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the Oil. The test area of Ichimoku Kinko Hyo signal lines near the level of 67.95 is expected, from which it is expected to attempt a rebound and continue the development of a bearish trend with a view to falling near the level of 65.70 dollars per barrel. An additional signal in favor of the fall of the pair is the resistance level test. Analysis & forecast Brent Oil on…
GOLD is trading at 1339. XAU/USD is trading below the lower boundary of the Cloud Ichimoku Kinko Hyo, indicating a bearish trend in gold. Ichimoku Kinko Hyo Cloud near the 1340 level is expected to be tested near the level of 1340, from which it is expected to rebound and continue the development of a bearish trend in GOLD with a target to falling near the level of 1315. In favor of the fall, the formation of the «Head and Shoulders» reversal pattern is in the making. GOLD prices forecast XAU/USD on February 7, 2018 Previously, a strong signal was…
Currency pair USD/JPY US Dollar to Japanese Yen is trading at 109.26. The pair is trading inside the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for the Dollar/Yen pair. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 109.75 level, from which it is expected to attempt a rebound and continue falling of the pair with a target near the level of 107.75. Japanese Yen forecast USD/JPY on February 7, 2018 Earlier, a medium strength signal was received for the sell of the Dollar/Yen pair, by crossing the…
Currency pair USD/RUB US Dollar to Russian Ruble is trading at 56.96. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the pair US Dollar/Russian Ruble. Ichimoku Kinko Hyo Cloud is expected to test near the level of 56.85, from which it is expected to rebound and continue the development of the bullish trend with a target at 58.40. Russian Ruble forecast USD/RUB on February 7, 2018 Earlier, we received a weak signal for buy of the US Dollar/Russian Ruble, due to the intersection of signal lines at 56.15.…
Currency pair EUR/USD Euro to US Dollar is trading at 1.2416. The pair continues to trade within the Cloud of Ichimoku Kinko Hyo, which indicates the presence of a lateral trend for the pair Euro/Dollar. The Ichimoku Kinko Hyo Cloud lower limit test is expected near 1.2355, from which it is expected to attempt a rebound and continue growth with the target near the level of 1.2640. An additional signal in favor of the growth of the pair is the lower bound of the «Triangle» model. Euro Dollar forecast EUR/USD on February 7, 2018 Earlier, a weak signal was received…
Currency pair US Dollar Canadian Dollar USD/CAD is trading at 1.2507. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the pair US Dollar/Canadian Dollar. The test area of Ichimoku Kinko Hyo signal lines near the level of 1.2485 is expected, from which it is expected to attempt a rebound and continue growth with the target at 1.2645. Canadian Dollar forecast USD/CAD on February 7, 2018 Earlier, a weak signal was received for buy of the pair US Dollar/Canadian Dollar, due to the crossing of signal lines at 1.2315.…
Currency pair USD/CHF US Dollar to Swiss Franc is trading at 0.9330. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Franc pair. Ichimoku Kinko Hyo Cloud is expected to test near the 0.9340 level, from which it is expected to attempt a rebound and continue falling of the pair with the target near the level of 0.9165. An additional signal in favor of the fall of the pair is the upper bound of the «Triangle» model. Dollar Franc forecast USD/CHF on February 7, 2018 Earlier, a weak signal…
Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.7312. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the New Zealand Dollar/US Dollar pair. Ichimoku Kinko Hyo Cloud near the level of 0.7330 is expected to test the bottom of the cloud, from which it is expected to attempt a rebound and further fall with the target near the level of 0.7205. An additional signal in favor of the growth of the pair is the lower bound of the «Triangle» model. New Zealand Dollar forecast NZD/USD…