Currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the downward channel and at the moment there is still potential for falling quotations in the area below the level of 0.6850. In favor of the fall is the test of the downward trend line on the indicator of relative strength index (RSI). NZD/USD forecast New Zealand Dollar on May 18, 2017 Cancel the option of falling quotes New Zealand Dollar to US Dollar will be the breakdown the area of 0.6950, indicating that the bullish correction to the area above the level of 0.7050. Expect to…
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.
Quotes GOLD XAU/USD continue to move within the bullish trend. At the moment, we should expect a correction attempt to the area below the level of 1235, where again we should expect the continuation of the price increase for GOLD with the target at the level of 1265. XAU/USD Forex Forecast GOLD prices on May 18, 2017 In favor of the drop from the current level is the resistance area test on the indicator of relative strength index (RSI). Near the area of 1265, we should expect the formation of the Forex reversal pattern “Head and Shoulders” and the continuation…
Currency pair Canadian Dollar to US Dollar USD/CAD continues to move within the rising channel. At the moment, the pair is testing the area of the lower boundary of the bullish channel, which may indicate a rebound and continued growth USD/CAD in the area above the level of 1.3750. USD/CAD forecast Canadian Dollar on May 18, 2017 In favor of the growth of quotes the Canadian Dollar to US Dollar is the test of the support area on the initiator of relative strength index (RSI). The cancellation of the pair’s growth option will be the fall and breakdown of the…
Quotes of BRENT crude oil continue to move within the framework of an bullish correction. At the moment, we should expect the continuation of the fall in the area below the level of 51 dollars per barrel after a minor correction in the area of 51.80 dollars per barrel. Analysis and forecast BRENT crude oil on May 18, 2017 In favor of the drop is a rebound from the resistance level on the indicator of relative strength index (RSI). And also the potential formation of the reversal pattern “Head and Shoulders” on the BRENT price chart. The cancellation of the…
Quotations of the currency pair US Dollar to Japanese Yen USD/JPY continues to move within the correction. At this point, we should expect an attempt to grow the pair in the area above the level of 112.90, whence again the depression is pressed to the area below the level of 111.20. USD/JPY outlook Japanese Yen on May 18, 2017 In favor of growth in the area of 112.90 will perform an uptrend support test on the indicator of relative strength index. Near the area of 111.20, one should expect the pair to turn upwards as part of the Forex forex…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move in the downward channel. At the moment, the potential for falling AUD/USD quotations in the area below the level of 0.7450 remains. In favor of the drop is the upper channel test, as well as the downtrend line resistance test on the relative strength index indicator. AUD/USD forecast Australian Dollar on May 18, 2017 Canceling the option of continuing the fall of the Australian Dollar to US Dollar will be a breakdown of the area of 0.7460, indicating that the pair will continue to grow. Among the important news…
The currency pair British Pound to US Dollar GBP/USD continues to bargain within the framework of the reversal forex model Head and shoulders. It is worth waiting for an attempt to fall into the area below the level of 1.27. In favor of the fall is a test of the downward trend line on the indicator of relative strength index. Expect to accelerate the fall of quotations of the pair British Pound to US Dollar is with the breakdown of the area of 1.2850. GBP/USD forecast US Dollar to Pound on May 18, 2017 Cancellation of the variant of falling…
The currency pair Euro to US Dollar EUR/USD continues to trade within a strong bullish imlulse, but at the moment the quotes test the upper limit of the Forex model “Expanding Formation”. What can indicate an attempt to correct the pair in the region of the broken edge of the bullish channel. The target of the fall is the area at the level of 1.1010. EUR/USD Forex forecast Euro Dollar on May 18, 2017 In favor of the drop is the resistance line test on the relative strength index indicator. Canceling the option of developing a correction for a pair…
Trading signals Euro Dollar EUR/USD on May 17, 2017 Sale at the current price of 1.1110, StopLoss is set for 1.1130, the target is to decrease 1.1060. Trading signals Japanese Yen USD/JPY on May 17, 2017 Buy at the current price of 112.40, StopLoss put for 112.00, the target of growth is 113.00. Trading signals Australian Dollar AUD/USD on May 17, 2017 Buy at the current price of 0.7432, StopLoss is set at 0.7395, the target of growth is 0.7510.
The currency pair Canadian Dollar to US Dollar USD/CAD continues to move within the flat trend. At the moment, there is a potential for a pair of quotes rebound into the area below the level of 1.3600. With the breakdown of the downward trend line on the indicator of relative strength, we expect the pair USD/CAD to continue growing above the local maximum level. The abolition of the growth option will be the fall and breakdown of the 1.3550 area. USD/CAD forecast Canadian Dollar on May 17, 2017 Among the important news from Canada, which can have a strong impact…