Quotes of BRENT crude oil continue to move within the framework of an upward correction. At the moment, there is still potential for falling quotations and oil prices in the region below the level of $ 50 per barrel. In favor of the fall is the formation of the reversal Forex model “Head and Shoulders” on the indicator of relative strength index. BRENT forecast crude oil prices on May 17, 2017 An additional signal is also the breakdown of the ascending trend line on the indicator of relative strength. The cancellation of the option could be the breakdown 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.
Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the descending channel and at the moment it is expected to try to continue falling to the area below the level of 0.73. In favor of the fall of the pair is the test of the downward trend line on the indicator of relative strength, as well as the upper channel test. AUD/USD forecast Australian Dollar on May 17, 2017 The cancellation of the variant of falling quotations of the pair Australian Dollar to US Dollar AUD/USD will be the breakdown of the area of 0.7460, which will…
The currency pair British Pound to US Dollar GBP/USD continues to be traded within the framework of the forex model “Head and Shoulders”. At the moment, the quotes of the pair protested the formation of the right shoulder of the model and we should expect an attempt to continue the fall. GBP/USD forecast British Pound on May 17, 2017 In favor of the drop comes a rebound from the resistance area on the indicator of relative strength index. Expect to accelerate the fall of the pair British Pound to US Dollar GBP/USD with the breakdown of the Neckline Forex reversal…
The currency pair Euro to US Dollar EUR/USD continues to trade within a strong upward momentum. At the moment, there is potential for the formation of the Expanding Formation model, which involves testing the upper boundary of the model and the beginning of the fall. EUR/USD forecast Euro Dollar on May 17, 2017 It is worth waiting for the test area 1.1075, where we can expect an attempt to reduce the euro dollar. The cancellation of the fall variant of the pair will be the breakdown of the region 1.11. Consider selling the pair Euro to US Dollar EUR/USD with…
Quotes of GOLD XAU/USD continue to move within the framework of an upward correction and are currently testing the resistance area. The potential for rebounding and falling prices and GOLD prices in the area below the level of 1210 is maintained. XAU/USD forecast Gold prices on May 17, 2017 In favor of the drop, breakdown of the upward trend line on the indicator of relative strength acts. The cancellation of the fall of XAU/USD quotations will result in a strong growth and breakdown of the 1240 area, which will indicate the continued growth of GOLD quotations. XAU/USD forecast Gold prices…
Currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the bearish channel and at the moment there is still potential for falling quotations in the area below the level of 0.68. In favor of the drop, the rebound of the values of the relative strength index indicator from the descending line of the trend appears. NZD/USD forecast New Zealand Dollar on May 17, 2017 Cancellation of the variant of NZD/USD quotations fall will be a strong growth and breakdown of the area of 0.6930, which will indicate the continuation of the development of the upward correction…
Currency pair US Dollar to Swiss Franc USD/CHF continues to trade within a strong fall and at the moment it is expected to continue the decline in the an area of the level of 0.9875 within the limits of the test of the lower limit of the Forex Triangle model. Near this level, you should expect a rebound and continued growth of quotations in the area above the level of 0.9970. USD/CHF forecast Swiss Franc on May 17, 2017 In favor of the rebound of the pair US Dollar to Swiss Franc USD/CHF is a test of the support area…
Currency pair US Dollar to Russian Ruble USD/RUB continues to move within the framework of the formation of the reversal Forex model. It is worth waiting for an attempt to rebound and start the pair’s quotes growth in the area above the level of 58 Rubles per US Dollar. USD/RUB forecast Russian Ruble on May 17, 2017 In favor of the growth of the pair US Dollar to Russian Ruble is the test of an upward trend line on the indicator of relative strength. Expect the acceleration of the growth of quotations of the pair US Dollar to Russian Ruble…
Brent crude oil is trading at $ 52.05 per barrel. Brent crude continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend in oil. It is expected to test the area of signal lines near the level of 51.00, from which one should expect an attempt to grow and develop the bullish trend for Oil near the level of 53.90. Ichimoku Kinko Hyo forecast Brent oil on May 17, 2017 Earlier, we received a weak signal for buy of Brent Oil, due to the crossing of the signal lines at the level of…
Gold XAU/USD is trading at the level of 1234.65. Gold is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a lateral trend over Gold. The Ichimoku Kinko Hyo Cloud upper limit test is expected near level 1242.0, from which it is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 1225.00. Ichimoku Kinko Hyo forecast XAU/USD on May 17, 2017 Earlier, we received a weak signal for buy of GOLD, due to the crossing of the signal lines at the level of 1225.00. Consider buying is worthwhile with the…