Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the bearish channel. The potential remains for the rebound from the upper boundary and the continuation of the decline of the pair into the area below the level 0.73. AUD/USD forecast Australian Dollar on May 22, 2017 In favor of the fall is another test of the bearish trend line on the indicator of relative strength index (RSI). Cancellation of the fall in the quotations of the Australian Dollar to US Dollar AUD/USD will be the breakdown of the area 0.7490, which will indicate the continued growth of…
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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.
Currency pair British Pound to US Dollar GBP/USD continues to trade within the rising channel. However, at the moment the GBP/USD pair can also show a drop to the area below the level 1.2870. In favor of the fall is the formation of reversal forex pattern “Head and Shoulders” on the indicator of relative strength index (RSI). GBP/USD forecast Pound Dollar on May 22, 2017 With the breakdown of area 1.29, it is expected to continue the decline with a target below the level 1.27. Canceling the option of falling the GBP/USD quotations will break through the area 1.3050, which…
The currency pair Euro to US Dollar EUR/USD continues to be traded near the upper garnish of the rising channel. The potential for rebounding and falling of quotations is preserved in the area below the level 1.1070. In favor of the decline is the formation of a reversal pattern “The Failure Swing” on the indicator of relative strength index (RSI). EUR/USD forecast Euro Dollar on May 22, 2017 Expect the acceleration of falling quotations of the Euro to US Dollar EUR/USD pair stands with the breakdown of the support area 1.1070. The cancellation of the fall will be a breakdown…
Currency pair Canadian Dollar to US Dollar USD/CAD continues to move within the bullish trend. At the moment, the quotes of the pair USD/CAD were able to break through the lower boundary of the channel, it may indicate that the fall continues to fall below 1.3450. USD/CAD forecast Canadian Dollar on May 22, 2017 However, while the pair is trading above 1.3500, one should expect a growth attempt above 1.37. With the breakdown of the upper level of the forex pattern “Wedge” is expected to accelerate the growth of quotations of the pair. Important news from Canada is not expected,…
Quotes of BRENT crude oil continue to move within the bullish trend. At the moment, quotes have broken through the resistance area and there is a potential for testing the upper boundary of the bearish channel. Where again we can expect a rebound and a drop in quotations BRENT crude oil in the area below the level $ 50 per barrel. BRENT forecast of oil prices on May 22, 2017 In favor of the fall is the formation of a reversal pattern “The Failure Swing” on the indicator of relative strength index (RSI). The cancellation of the option of falling…
Quotations of the currency pair US Dollar to Japanese Yen USD/JPY continues to move within the framework of forming the bullish forex pattern “5-0”. It is worth waiting for an attempt to fall into the area of the lower border of the channel, from where you can try buying the pair US Dollar to Japanese Yen USD/JPY and expect the beginning of growth with the potential target at the level 114.50. USD/JPY forecast Japanese Yen on May 22, 2017 In favor of falling from current levels is the test of the bearish trend line on the indicator of relative strength…
Currency pair US Dollar to Swiss Franc USD/CHF continues to trade within a strong bearish impulse. At the moment, quotes USD/CHF are testing the area of the lower border of the descending channel. It is worth to expect an attempt to rebound and the growth of quotations of the pair US Dollar to Swiss Franc USD/CHF at the level of 0.9850. USD/CHF forecast Dollar to Swiss Franc on May 22, 2017 In favor of growth, rebound values of the indicator of relative strength index (RSI) from the support area. The cancellation of the option will be a breakdown of the…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to be traded within the bearish channel. At the moment, we should expect an attempt to test the upper boundary of the channel at the level of 0.6920. Once again, the continuation of the fall of the pair NZD/USD to the area below the level of 0.68 is pushed back. NZD/USD forecast New Zealand Dollar on May 22, 2017 In favor of the fall, breakdown of the upward trend line on the indicator of relative strength index (RSI) will perform. By canceling the option of falling quotes,…
GOLD Quotes XAU/USD continue to move in the framework of the formation of the reversal forex pattern “Head and Shoulders”. At this point, we should expect an attempt to test the upper boundary of the downlink at the level 1270 and the beginning of the drop GOLD quotes and prices. XAU/USD forecast GOLD prices on May 22, 2017 In favor of the decline is the formation of a reversal pattern “The Failure Swing” on the indicator of relative strength index (RSI). Canceling the option of lowering the quotations XAU/USD will break through the area of 1280, indicating that the continued…
Currency pair US Dollar to Russian Ruble USD/RUB continues to move within the framework of the formation of the reversal forex pattern “Head and Shoulders”. However, to expect the continued growth of the pair is only with the breakdown of the area 58.80 Russian Rubles per US dollar. USD/RUB forecast Russian Ruble on May 22, 2017 In this case, we should expect the growth of the pair US Dollar to Russian Ruble USD/RUB to continue and the development of the head and shoulders reversal model. In favor of this option will test the support line on the indicator of relative…