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…
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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 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…
GOLD XAU/USD completes the trading week near the level of 1303. GOLD continues to trade within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend over Gold. Ichimoku Kinko Hyo Cloud near the level 1285 is expected to be tested, from which it is expected to attempt a growth with a target near the level of 1315. An additional signal in favor of the growth of quotations will be the test of the lower boundary of the bullish channel. GOLD prices forecast XAU/USD on October 16 — 20, 2017 Earlier, we received a weak signal for…
Currency pair USD/JPY Dollar Yen closes the trading week near the level of 111.84. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair of Dollar/Yen. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 111.05, from which one should expect a rebound and the development of the bullish trend for the pair USD/JPY with the target of growth near the level of 114.80. Dollar Yen forecast USD/JPY on October 16 — 20, 2017 An additional signal in favor of the growth…
Currency pair US Dollar to Russian Ruble USD/RUB closes the trading week near the level of 57.13 Ruble per US dollar. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair US Dollar/Russian Ruble. Ichimoku Kinko signal area test is expected near the level of 58.30, from which it is expected to try to fall and further develop the bearish trend with the target of reducing near the level of 55.30. USD/RUB forecast Russian Ruble on October 16 — 20, 2017 An additional signal in favor of the…
Currency pair Euro/Dollar EUR/USD completes the trading week near the level of 1.1821. The pair continues to trade within the Cloud of Ichimoku Kinko Hyo, which indicates the presence of a flat trend for the pair Euro/Dollar. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.1940, from which it is expected to attempt a rebound and a fall with a target near the level of 1.1705. EUR/USD Forecast for the week on October 16 — 20, 2017 Earlier, a weak signal was received for the sell of the Euro/Dollar pair, due to the crossing of the…
Currency pair US Dollar Canadian Dollar USD/CAD closes the trading week near the level of 1.2470. The pair continues to trade within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend in the pair US Dollar Canadian Dollar. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.2510, from which it is expected to try to fall and develop a bearish tendency for the pair with a target to lower near the level of 1.2335. USD/CAD forecast for the week on October 16 — 20, 2017 Earlier, a weak signal was received for…
Currency pair US Dollar to Swiss Franc USD/CHF completes the trading week near the level of 0.9745. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the Dollar/Franc pair. The test of the signal line area of the indicator near the level of 0.9660 is expected, from which one should expect an attempt of growth and further development of the bullish trend with the target near the level of 1.00. Dollar Franc forecast USD/CHF on October 16 — 20, 2017 Earlier, a weak signal was received for buy…