Ethereum ETH/USD is traded at the level of 332. Cryptocurrency is traded above the moving average with a period of 195, which indicates the existence of a bullish trend for Ethereum. A 324 level test is expected, from which it is expected to continue growth with a potential target near the 360 area. A strong signal in favor of the growth of the ETH/USD cryptocurrency will be a test of the lower border of the uplink, as well as a test of the support line on the indicator of relative strength index (RSI). Ethereum forecast & technical analysis on October…
Author: forex24pro
Litecoin LTC/USD is trading at the level of 63. Cryptocurrency is traded above the moving average with a period of 195, which indicates the existence of a bullish trend for Litecoin. A level 62 test is expected, from which it is expected to continue growth with a potential target near area 71. A strong signal in favor of the LTC/USD cryptocurrency growth will be a test of the lower bound of the «Triangle» model, as well as a test of the support line on the relative strength indicator (RSI). Litecoin forecast & technical analysis on October 17, 2017 The cancellation…
Bitcoin BTC/USD is trading at 5690. Cryptocurrency is trading above the moving average with a period of 195, indicating a bullish trend over Bitcoin. A test of the level 5635 is expected, from which it is expected to continue growth with a potential target near the area of 6080. A strong signal in favor of the growth of the BTC/USD cryptocurrency will be the test of the lower bound of the «Triangle» model, as well as the breakdown of the resistance line on the relative strength indicator (RSI). Bitcoin forecast & technical analysis on October 17, 2017 The cancellation of…
Currency pair US Dollar to Russian Ruble USD/RUB continues to move within the lateral trend. At this point, we should expect an attempt to test the support area near the level of 57 rubles per US dollar and continue growing. In favor of the growth of the pair USD/RUB is the test of the support line on the indicator of relative strength index (RSI). USD/RUB prediction & technical analysis on October 17, 2017 An additional signal in favor of growth is the formation of the reversal model «Double Bottom». The cancellation of the growth of the USD/RUB pair on Forex…
Currency pair Dollar Franc USD/CHF continues to move within the correction. At this point, we should expect the continuation of the fall in quotations in the area below the level of 0.9620. In favor of reducing the Dollar Franc pair is the breakdown of the support line on the indicator of relative strength index (RSI), as well as the formation of the «Head and Shoulders» reversal pattern. USD/CHF prediction & technical analysis on October 17, 2017 The cancellation of the USD/CHF fall on the Forex will result in a strong growth and breakout of the area of 0.9870, which will…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the growth framework. At the moment, we should expect a test of the level of 0.7135 and continuation of growth in the area above the level of 0.7250. NZD/USD prediction & technical analysis on October 17, 2017 In favor of reducing the pair on Forex is the resistance area on the indicator of relative strength index (RSI). Cancellation of the variant of growth of quotations of the New Zealand Dollar on Forex will be the breakdown of the area of 0.7080, which will indicate…
Quotes of Gold XAU/USD continue to move within the limits of growth. At the moment, we should expect an attempt to drop quotes below the level of 1275 as part of the completion of the «Head and Shoulders» reversal pattern. XAU/USD prediction & technical analysis on October 17, 2017 Where again we should expect a rebound and a rise in the price of Gold above the level of 1335. In favor of falling quotations XAU/USD is the formation of a reversal model the «Failure Swing» on the indicator of relative strength index (RSI). The cancellation of the variant of the…
Currency pair US Dollar to Canadian Dollar USD/CAD continues to move within the framework of an bullish correction. At this point, we should expect an attempt to rebound and continue the fall of the pair with a target at 1.2420, as part of the completion of the formation of the bullish wave model of Wolfe. USD/CAD prediction & technical analysis on October 17, 2017 In favor of lowering the quotes of the Canadian Dollar, a resistance area test will be performed on the indicator of relative strength index (RSI). Canceling the USD/CAD decline on Forex will be a strong growth…
Quotes of BRENT crude oil continue to trade as part of the growth. At this point, we should expect a test level of 58.20 and continue falling to the area below the level of $ 55 per barrel. In favor of falling quotes and oil prices BRENT will test the resistance area on the indicator of relative strength index (RSI). Brent prediction & technical analysis on October 17, 2017 Expect to accelerate the fall of quotations is with a breakdown of $ 54 per barrel, which indicates the completion of the formation of the reversal model «Double Top». The abolition…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY are trading within the limits of the decline. At this point, we should expect an attempt to test the level of the lower border of the channel near the area of 111.00 and then continue the growth in the area above 114.00. USD/JPY prediction & technical analysis on October 17, 2017 In favor of the growth of the pair will perform a test of the support area on the indicator of relative strength index (RSI). The cancellation of the growth variant of the Dollar/Yen pair will result in a…