Currency pair British Pound to US Dollar GBP/USD closes the trading week near the 1.30 area. It is worth waiting for an attempt to continue the decline in quotations of the pound/dollar in the area below the level of 1.26. GBP/USD weekly forecast on July 24 — 28, 2017 In favor of falling quotations of the pair is the formation of the bearish wave model of Wolfe at small time intervals. In the vicinity of 1.26, we again expect a rebound and growth of the Pound/Dollar pair to an area above 1.33. In favor of growth, there will be a…
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 completes trading week near the area of 0.7920. The pair continues to trade within the framework of a strong bullish momentum. It is worth to expect a correction attempt in the support area near the level of 0.78, where again we should expect a rebound and growth of quotations of the pair above 0.8050 level. AUD/USD weekly forecast on July 24 — 28, 2017 In favor of growth, there will be a tight test of the support line on the indicator of relative strength. The cancellation of the growth of the AUD/USD…
Currency pair US Dollar to Canadian Dollar USD/CAD closes the trading week near the level of 1.2590. The pair continues to move within the bearish channel. It is worth to expect an attempt to correct the correction to the upper boundary area near the level of 1.2680 and further continue the decline of the pair below the level of 1.2450. USD/CAD weekly forecast on July 24 — 28, 2017 In favor of the upward correction is the test of the support area on the indicator of relative strength, as well as the formation of the Wedge model. The abolition of…
Currency pair US Dollar to Japanese Yen USD/JPY close the trading week near the area of 111.50. The pair continues to trade within the framework of the forex Triangle model. It is worth waiting for a rebound attempt and the pair’s quotations start to rise above the level of 116.00. USD/JPY weekly forecast on July 24 — 28, 2017 In favor of the rebound is the test of the support line on the indicator of relative strength index (RSI). Cancellation of the growth option will be a drop and a breakdown of the level of 110.50, indicating that the USD/JPY…
Quotes Gold XAU/USD close the trading week near the area of 1248. It is worth waiting for an attempt to continue the growth of prices for GOLD in the area above the level of 1265, where again we should expect a decline in quotations and prices for Gold. XAU/USD weekly forecast on July 24 — 28, 2017 In favor of the fall, a dense test of the resistance line will appear on the indicator of relative strength index (RSI). The fall target is the lower boundary of the channel at the level of 1195. Cancellation of the variant of the…
Currency pair New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.7440. The pair was able to break the upper boundary of the bearish channel. It is worth waiting for an attempt to test the broken channel border and continue the growth of the pair above 0.7650. NZD/USD weekly forecast on July 24 — 28, 2017 In favor of the growth of quotations of the pair NZD/USD, there will be a tight test of the support line on the indicator of relative strength index (RSI). Cancellation of the growth option will be a fall…
Currency pair US Dollar to Swiss Franc USD/CHF completes the trading week near the level of 0.95. The pair continues to test the lower boundary area of the downlink. It is worth expecting a rebound attempt and the pair’s quotes rise above the level of 0.98. USD/CHF weekly forecast on July 24 — 28, 2017 In favor of growth is the formation of the bull model of the Wolfe wave, as well as the test of the support area on the indicator of relative strength index (RSI). Canceling the growth of the pair will be a strong fall and breakdown…
Currency pair USD/RUB closes the trading week near the level of 59 rubles per US dollar. The pair continues to trade in the bearish channel, which indicates a probable continuation of the USD/RUB price decline next week. It is necessary to expect a rebound from the level of support in the area of 60.40 rubles per dollar. USD/RUB weekly forecast on July 24 — 28, 2017 Near this level, the pair will complete the formation of the «Head and Shoulders» reversal pattern, which indicates that the dollar depreciates against the ruble. In favor of the drop in quotations, a dense…
Zcash ZEC/USD is trading at the level of 214.42. The Ichimoku Cloud of Kinko Hyo broke through the cryptocurrency and began to trade above its upper limit, which indicates the presence of an bullish trend in Zcash. The upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 200.00, from which one should expect an attempt of growth and further development of the bullish trend with the target of growth near the level of 276.00. Zcash ZEC/USD prediction & analysis on July 22, 2017 Earlier, a weak signal was received for buying of Zcash cryptocurrency, due…
Ripple XRP/USD is trading at the level of 0.1850. The Ichimoku Cloud of Kinko Hyo broke through the cryptocurrency and began to trade above its upper limit, which indicates the presence of an bullish trend for Ripple. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.1785, from which one should expect an attempt of growth and further development of the bullish trend for XRP/USD with the target of growth near the level of 0.2410. Ripple XRP/USD prediction & analysis on July 22, 2017 Earlier, we received a weak signal for buying of Ripple cryptocurrency,…