Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.7186. The pair continues to move within the framework of the bullish wave model of Wolfe. At the moment, we should expect an attempt to test the level of 0.7110 in and continue the growth of the pair with a potential target near the level of 0.7500. NZD/USD weekly forecast on October 16 — 20, 2017 In favor of the growth of NZD/USD, a breakdown of the bearish trendline will occur on the indicator of relative strength index (RSI). Cancellation of the…
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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.
Quotes Gold XAU/USD close the trading week near the area of 1300. Quotes continue to move within the framework of the upward correction. At the moment GOLD has rebounded from the lower border of the channel, it is necessary to expect the growth of quotations above the level of 1350. It is worth to wait for the test of the level of 1280 and the continuation of growth. XAU/USD weekly forecast on October 16 — 20, 2017 In favor of the growth of quotations and prices for gold, there is a rebound from the support line on the indicator of…
Quotes of the pair USD/JPY close the trading week near the area of 111.90. The pair continued to move within the bearish channel. It is expected to rebound from the upper boundary of the channel and continue falling into the area below the level of 108.00. USD/JPY weekly forecast on October 16 — 20, 2017 In favor of reducing the pair is a rebound from the resistance line on the indicator of relative strength index (RSI). The cancellation of the fall of the pair USD/JPY in the current trading week will be strong growth and breakdown of the 114.00 area,…
The pair US Dollar to Canadian Dollar USD/CAD closes the trading week near the level of 1.2497. The pair continues to move within the framework of the bullish correction. At the moment, we should expect an attempt to fall into the area below the level of 1.2270 as part of the formation of the «Head and Shoulders» reversal model. USD/CAD weekly forecast on October 16 — 20, 2017 Near the area of 1.2270 again we should expect a rebound and an attempt of growth of a pair with a potential target above the level of 1.2950. In favor of the…
Currency pair Australian Dollar to US Dollar AUD/USD completes trading week near area 0.7881. At the moment, the pair pushed away from the support area, we should expect the pair to continue growing above the level of 0.7980. Whence again it is necessary to expect continuation of falling of quotations AUD/USD in the area below the level of 0.7670. AUD/USD weekly forecast on October 16 — 20, 2017 In favor of the fall of the pair, a resistance line test will be performed on the relative strength indicator (RSI), as well as a test of the upper boundary of the…
Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 57.13 Rubles per US Dollar. The pair continues to move in a bearish trend. It is worth waiting for an attempt to continue falling to the area of 56.50 Rubles per US Dollar. USD/RUB weekly forecast on October 16 — 20, 2017 Where again we should expect a rebound and growth of the pair above the level of 60. In favor of the growth of the Dollar/Ruble pair will perform a test of the support line on the indicator of relative strength index (RSI).…
Currency pair Pound Dollar GBP/USD completes trading week near area 1.33. The pair continues to move within the bullish channel. At this point we should expect the growth of quotations and the test of the level of 1.3550 within the framework of the formation of the «Head and Shoulders» reversal model. Near the 1.35 area, we again expect an attempt to drop the GBP/USD quotations to the lower channel boundary area. GBP/USD weekly forecast on October 16 — 20, 2017 In favor of the fall of the British Pound will perform a test of the resistance area on the indicator…
Quotes of BRENT crude oil close the trading week near the region of $ 57 per barrel. One should expect an attempt to rebound from the lower border of the channel and continue the growth of quotations and oil prices in the region above the level of $ 59.50. BRENT crude oil forecast on October 16 — 20, 2017 Whence again it is necessary to expect the attempt of falling of quotations below level 53 dollars for barrel. An additional signal in favor of the growth of quotations is the test of the bullish trendline on the indicator of relative…
Currency pair Euro Dollar EUR/USD closes the trading week near the area of 1.1835. At this point, we should expect an attempt to grow the pair in the area above the level of 1.19 as part of the completion of the «Head and Shoulders» reversal pattern. Near level 1.19, it is expected to complete the right shoulder of the model and begin the decline with a potential target near the level of 1.1250. EUR/USD weekly forecast on October 16 — 20, 2017 In favor of the fall of EUR/USD, a downtrend test on the relative strength indicator (RSI) will perform.…
Brent crude Oil closing the trading week near the level of 57.01 dollars per barrel. Brent crude continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in oil. Ichimoku Kinko Hyo signal line area test is near the level of 55.65, from which one should expect an attempt at growth and development of the bullish trend for Oil with a target close to level 62. Analysis & forecast Brent oil on October 16 — 20, 2017 An additional signal in favor of rising oil prices will be a test of the support…