Currency pair New Zealand Dollar to US Dollar NZD/USD continue to be traded within the descending channel. At the moment, the potential for a fall in the pair’s quotes remains below the local minimum level near 0.6850. NZD/USD forecast New Zealand Dollar on May 16, 2017 In favor of falling quotations the pair New Zealand Dollar to US Dollar NZD/USD will perform a downward resistance test on the relative strength indicator. And also test the upper boundary of the descending channel. The reversal of the fall of the pair will be a strong growth and breakdown of the area of…
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.
The currency pair Euro to US Dollar EUR/USD continues to trade as part of the bullish impulse. At the moment there is a potential for completing the formation of a bearish model 5-0, which will indicate a potential rebound from the upper border of the channel and the beginning of the fall of the pair’s quotes in the area below the level of 1.0850. EUR/USD forecast Euro Dollar on May 16, 2017 In favor of falling quotations of the Euro to US Dollar is a test of the resistance area on the indicator of relative strength. Canceling the option of…
The currency pair British Pound to US Dollar GBP/USD continues to be traded as part of the formation of the reversal forex model “Head and Shoulders”. It is worth expecting a test of the area of 12950 and the beginning of the fall of quotations in the area of low level 1.27. GBP/USD forecast British Pound on May 16, 2017 In favor of the fall of the pair British Pound to US Dollar is the test of the downtrend line on the indicator of relative strength. Expect to accelerate the fall of quotations of the pair is with the breakdown…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the framework of an upward correction. At the moment, quotes are testing the resistance area, as well as the upper boundary of the downtrend channel. It is worth waiting for an attempt to rebound and fall AUD/USD in the local minimum area. AUD/USD forecast Australian Dollar on May 16, 2017 In favor of falling quotations of the pair is the test of the downtrend resistance line on the indicator of relative strength. Cancel the variant of the fall in the quotations of the pair Australian Dollar pair against…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the framework of the bullish trend and at the moment the pair is testing the support area. It is worth expecting a rebound and continued growth. In favor of the growth of the pair US Dollar to Japanese Yen is the formation of a bullish Wolfe wave, as well as the breakdown of the downward trend line on the indicator of relative strength. USD/JPY forecast Japanese Yen on May 16, 2017 The cancellation of the variant of the pair US Dollar to Japanese Yen USD/JPY…
Quotes of BRENT crude oil continue to move within the framework of strong growth. At the moment, quotes are testing the resistance area and there is a potential for an attempt to rebound and fall oil prices in the area below the level of 51 dollars per barrel. In favor of the fall, a breakdown of the upward trend line will appear on the indicator of relative strength, which indicates the test of the local minimum area. BRENT forecast crude oil prices on May 16, 2017 The abolition of the falling Brent crude oil will be a strong rise in…
Currency pair Canadian Dollar to US Dollar USD/CAD continues to move within the rising channel. The pair broke through the support area and at the moment there is a potential for a fall to the lower channel boundary at 1.3575, from which it is expected to rebound and continue the pair’s growth. USD/CAD forecast Canadian Dollar on May 16, 2017 In favor of the rebound is the test of the support area on the indicator of relative strength. The cancellation of the pair USD/CAD growth will be the fall and breakdown of the 1.3550 area, which will point to the…
Currency pair US Dollar to Turkish Lira USD/TRY is trading at 3.5618. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is an bullish trend in the pair US Dollar to Turkish Lira. Ichimoku Kinko Hyo Cloud test is expected near the level of 3.5620, from which it is expected to try to grow and develop the bullish trend for the pair near the level of 3.6200. USD/TRY forecast Turkish Lira on May 16, 2017 Earlier, a weak signal was received for the sale of the pair US Dollar to Turkish…
Currency pair US Dollar to Polish Zloty USD/PLN is trading at 3.8521. The pair is trading below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend in the pair US Dollar to Polish Zloty. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 3.8550, where one should expect a fall in the pair’s quotations and further development of the bearish trend near the level of 3.7900. USD/PLN forecast Polish Zloty on May 16, 2017 Earlier, a weak signal was generated for the buy of the pair US…
Currency pair Australian Dollar to Japanese Yen AUD/JPY is trading at 84.131. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair Australian Dollar to Japanese Yen. It is expected to test the area of signal lines near the level of 83.800, from which one should expect an attempt to grow and develop a bullish tendency for a pair with a target of growth near the level of 85,000. Ichimoku Kinko Hyo forecast AUD/JPY on May 16, 2017 Earlier, a medium strength signal was received for buy of…