Quotes of BRENT crude oil continue to move within the framework of the bullish correction and at the moment the quotations have reached the upper limit of the bearish channel. At this time, we should expect an attempt to rebound and fall in Brent crude oil prices in the region below the level of $ 51 per barrel. BRENT OIL forecast & technical analysis May 23, 2017 In favor of the drop is the resistance area test on the indicator to relative strength index (RSI). Abolition of the falling quotations and Brent crude oil prices will be a strong growth…
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.
Quotations of the currency pair US Dollar to Japanese Yen USD/JPY continues to move within the framework of the formation of the bullish model «5-0». We should expect an attempt to test the lower boundary of the channel, from which we should expect a rebound and the beginning of the growth of quotations with a potential target near the area of 114.40. USD/JPY forecast & technical analysis May 23, 2017 In favor of the pair’s growth, the US Dollar to Japanese Yen USD/JPY will make the formation of the forex reversal pattern «Failure Swing» on the indicator of relative strength…
Currency pair US Dollar to Swiss Franc USD/CHF continues to trade in a bearish movement. At the moment, we should expect an attempt to correct the quotations in the area of resistance at the level of 0.6850. In favor of the growth of the US Dollar to Swiss Franc USD/CHF, there is a rebound from the support area on the indicator of relative strength index (RSI). USD/CHF forecast & technical analysis May 23, 2017 The cancellation of the USD/CHF growth scenario will be the breakdown of the area of 0.97, which will indicate the continuation of the pair’s decline. Important…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to test the area of the upper boundary of the bearish channel. It is expected to rebound and fall of quotations of the pair in the area below the level of 0.6850. NZD/USD forecast & technical analysis May 23, 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 variant of NZD/USD quotes drop will be the breakdown of the resistance area 0.6980, which will indicate the continuation of the growth of…
Quotes of Gold XAU/USD continue to move within the framework of the bullish correction and at the moment we should expect the growth of quotations in the area above the level of 1270, where we should expect the formation of the right shoulder of the reversal forex pattern «Head and Shoulders» to be completed. XAU/USD forecast & technical analysis May 23, 2017 In favor of the growth of quotations and prices for gold will perform a tight test of the bullish trend line on the indicator of relative strength index (RSI). Near the 1270 area, one should expect the beginning…
Currency pair US Dollar to Russian Ruble USD/RUB continues to move within the framework of the formation of an inverted reversal forex pattern «Head and Shoulders». It is necessary to expect the test of the area of 56.20 Rubles per US Dollar and the continuation of the growth of the pair US Dollar to Russian Ruble USD/RUB quotations with the first target near the region of 58 Rubles per US Dollar. USD/RUB forecast & technical analysis May 23, 2017 In favor of the growth of USD/RUB quotes is the test of the support line on the indicator of relative strength…
Currency pair Euro to US Dollar EUR/USD is trading at 1.1168. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the pair Euro to US Dollar EUR/USD. It is expected to test the area of signal lines near the level of 1.1100, from which it is expected to try to grow and further develop the bullish tendency for the pair with the target of growth near the level of 1.1290. Ichimoku Kinko Hyo prediction EUR/USD on May 23, 2017 Earlier, a weak signal was received for purchases of the…
Currency pair US Dollar to Russian Ruble USD/RUB is trading at 56.51. The pair broke through the Ichimoku Kinko Hyo Cloud and began to trade below its lower limit, which indicates a bearish trend in the pair US Dollar to Russian Ruble USD/RUB. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 57.20, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a view to lower near the level of 55.60. USD/RUB prediction US Dollar to Ruble on May 23, 2017 Earlier, a weak signal was…
Currency pair US Dollar to Japanese Yen USD/JPY is trading at 111.257. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the pair US Dollar to Japanese Yen USD/JPY. A test of the area of signal lines near the level of 111.800 is expected, from which one should expect an attempt of a fall and further development of the bearish tendency for a pair with the target of decreasing near the level 109.200. USD/JPY prediction Japanese Yen on May 23, 2017 Earlier, a weak signal was received for the sale…
Silver XAG/USD is trading at the level of 16.98. Silver continues to trade above the upper boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of an bullish trend in Silver. A test of the area of signal lines near the level of 16.80 is expected, from which one should expect an attempt at growth and the development of a bullish trend for Silver XAG/USD near the level of 17.50. Ichimoku Kinko Hyo forecast XAG/USD on May 23, 2017 Previously, a strong signal was generated for buy Silver XAG/USD, due to the crossing of the signal lines at…