The currency pair EUR/USD Euro to US Dollar continues to trade near the support area. At the moment, there is the potential for a rapid breakdown of this area and the continuation of the decline to the level of 1.0750. In favor of the fall is the formation of the head and shoulders reversal pattern on the relative strength indicator, as well as the rebound from the downward resistance line to the RSI. Forex Forecast EUR/USD (Euro/Dollar) on May 15, 2017 Canceling the variant of the euro’s fall, the dollar will be a breakdown of the area 1.09, which indicates…
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 USD/CAD US Dollar to Canadian Dollar continues to move within the lateral trend and at the moment it is necessary to expect a tight test of the support area and the continued growth of the pair’s quotations to the area above the level of 1.3750. USD/CAD Forecast Canadian Dollar on May 15, 2017 In favor of growth will perform a test of the lower boundary of the Forex Triangle model on the indicator of relative strength. Expect to accelerate the growth of quotations USD/CAD stands with the breakdown of the upper limit of the model Triangle. The…
Quotes of BRENT crude oil continue to move within the ascending channel. At the moment, the indicator of relative strength is formed by the reversal Forex model. The failed swing, which indicates a potential breakdown of the area of $ 50 per barrel with closing prices. Analysis and BRENT crude oil Forecast on May 15, 2017 It is worth reviving the attempt to fall into the area of the lower boundary of the channel. In favor of the fall will also breakdown the upward trend line on the indicator of relative strength. Cancellation of the variant of falling quotations and…
Quotations of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the upward trend and at the moment we should expect the pair to continue growing. In favor of the bull tendency, a lower channel test will be performed, as well as a support line test on the relative strength indicator. USD/JPY Forex Forecast US Dollar to Yen on May 15, 2017 The cancellation of the pair’s growth option will result in a drop and a breakdown of 113.00 level, which will indicate a drop to the area below the level of 112.50. Expect the acceleration…
The currency pair USD/RUB US Dollar to Russian Ruble continues to move within the correction, it is worth to expect an attempt to fall below 56.70 rubles per US dollar. Near this level, one should expect the formation of an upside-down Forex Head and Shoulder model and the growth of USD/RUB quotations with a potential growth target above the level of 62 rubles per US dollar. USD/RUB Forecast US Dollar to Russian Ruble on May 15, 2017 In favor of growth of quotations of the Dollar Ruble pair, a support line test will be performed on the indicator of relative…
The currency pair US Dollar to Swiss Franc USD/CHF continues to bargain near the broken neckline line of the reversal pattern inverted Head and shoulders. At the moment, the tight test of the punched line is still pressed, and only after this continuation the growth of the pair. USD/CHF Forecast US Dollar to Franc on May 15, 2017 In the case of breakdown of the area of 1.0010, one should expect a deeper correction to the area below the level of 0.9970. In the event of a breakdown of the local maximum region, we should expect an acceleration in the…
Quotations of the currency pair New Zealand Dollar against the US Dollar NZD/USD continue to test the local minimum area, we should expect an attempt to continue falling into the area below the level of 0.6750. In favor of the fall, breakdown of the trend line on the indicator of relative strength. NZD/USD New Zealand Dollar Forecast on May 15, 2017 However, do not exclude the attempt to test the broken trend line and only then expect a continuation of the fall. Canceling the option of reducing the quotations NZD/USD will be a breakdown of the area of 0.69. Among…
Quotes of XAU/USD Gold continue to move in a downward trend, but at the moment there is a potential for breakdown of the upper border of the channel and the test of the area above the level of 1235. In favor of the growth of quotations and prices for gold, breakdown of the downward trend line on the indicator of relative strength stands. XAU/USD Forex Forecast Gold prices on May 15, 2017 The cancellation of the variant of XAU/USD growth will be the breakdown of area 1215, which will indicate the acceleration of the fall into the area below the…
Trading signals Japanese Yen USD/JPY on May 12, 2017 Sale at the current price of 113.72, StopLoss is set for 114.05, the target is to decrease 113.00. Trading signals Euro Dollar EUR/USD on May 12, 2017 Purchase at the current price of 1.0863, StopLoss is set for 1.0835, the target of growth is 1.0950. Trading signals Australian Dollar AUD/USD on May 12, 2017 Buy at the current price of 0.7375, StopLoss is set at 0.7320, the target of growth is 0.7450.
The currency pair US Dollar to Swiss Franc USD/CHF is trading at 1.0074. The pair is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, indicating that there is an upward trend in the pair US Dollar Frank. The pair is expected to fall near the level of 1.0020, from which it is expected to try to grow and develop the bullish trend for the pair US Dollar Franc near the level of 1.0140. USD/CHF prediction & forex analysis on May 12, 2017 Earlier, a weak signal was received for the purchases of the US Dollar Franc, due…