Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to trade below the boundaries of the Forex Triangle model. It is worth waiting for an attempt to test the area of 0.6920 and continue the fall in the area below the level of 0.68. The cancellation of the option will be a strong growth and breakdown of the area of 0.7020. Expect to accelerate the fall in the quotes of the NZD/USD pair is with the breakdown of the local minimum area. NZD/USD Forecast New Zealand Dollar on May 5, 2017 Among the important news from…
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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.
Quotes of Gold XAU/USD continue to move in the fall, at the moment quotes are testing the area of 1235. It is worth expecting an attempt to rebound and increase the price of Gold in the area above the level of 1245. In favor of growth is a tight test of the lower boundary of the rising channel. Cancellation of the growth of quotations and prices for Gold will be the fall and breakdown of the 1230 area, which will indicate the continuation of the decline to the area below the level of 1200. XAU/USD Forecast Forex Gold prices on…
The currency pair USD/CAD US Dollar to Canadian Dollar continues to move within the framework of a strong upward trend and at the moment there is a potential for continued growth of the pair’s quotes. It is worth to expect a fall in the pair’s quotes to the lower boundary of the rising channel, from which it is expected to rebound and continue to rise above 1.3850. In favor of the growth of quotations of the Canadian Dollar will perform a test of the support line on the indicator of relative strength. USD/CAD Forecast Canadian Dollar on May 5, 2017…
Quotes of BRENT crude oil continue to move within the downward trend and at the moment there is a potential for falling quotes and oil prices in the area below the level of 49.50 dollars per barrel. In favor of falling quotations BRENT will break through the lower boundary of the model Triangle. It is worth expecting a tight test of the upper bound of the Triangle model and the continuation of the decline. BRENT Forecast crude oil prices on May 5, 2017 The abolition of the drop in oil quotations will result in a strong growth and breakdown of…
Quotes of the US Dollar to Japanese Yen USD/JPY continue to move within the framework of the upward correction and at the moment the pair is testing the area of the upper boundary of the descending channel. We should expect a rebound and a fall in the support area near the level of 111.85, where we can expect the pair to continue growing. The cancellation of the option will be the breakdown of the area of 111.50, which will indicate the continuation of the decline in the pair of Yen Dollar. USD/JPY Forecast US Dollar to Japanese Yen on May…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move in decline and at the moment the pair has fully worked downward model 1:1. It is worth to expect an attempt to correct the pair’s quotations in the area above the level of 0.7430, from which we should expect a rebound and continue the decline of quotations in the area below the level of 0.7340. In favor of the fall, a dense test of the upper boundary of the descending channel will perform, as well as a test of the trend line on the indicator of relative strength. AUD/USD…
The currency pair Pound to US Dollar GBP/USD demonstrates the development of an upward correction and at the moment there is a potential for falling quotations in the area below the level of 1.2270. In favor of falling quotes, the Pound Dollar pair will make a dense test of the downward resistance line on the indicator of relative strength. Cancellation of the variant of falling of quotations of pound to dollar becomes strong growth and breakdown of the region of local maximum. Expect the acceleration of the fall of GBP/USD with a breakdown of the area of 1.2840. GBP/USD Forecast…
The currency pair Euro to US Dollar EUR/USD continues to trade within the lateral trend and at the moment there is a potential for testing the upper limit of the Forex model of the Triangle, from where it is expected to fall to the area below the level of 1.0850. In favor of falling quotations of the euro, the dollar will test the downward trend line on the indicator of relative strength. The cancellation of the variant of EUR/USD quotes drop will result in strong growth and breakdown of the local maximum area, in which case we should expect the…
Trading signals Japanese Yen USD/JPY on May 4, 2017 Sale at the current price (112.71), StopLoss is set for 112.95, the target is to decrease 109.10. Trading signals British Pound GBP/USD on May 4, 2017 Purchase at the current price (1.2874), StopLoss set for 1.2825, the target of growth is 1.2960. Trading signals Gold XAU/USD on May 4, 2017 Purchase at the current price (1235.80), StopLoss set for 1231.00, the target of growth is 1254.00.
The currency pair Australian Dollar to US Dollar AUD/USD continues to move in line with expectations and our AUD/USD forecast for tomorrow. At the moment, the potential for continuing the fall in the area below the level of 0.74 remains. In favor of the fall is also a rebound from the downward trend line on the indicator of relative strength. Canceling the option of reducing the pair AUD/USD will break through the area of 0.7565, indicating that the pair continues to grow above 0.7650. AUD/USD Forecast Australian Dollar on May 4, 2017 Among the important news from Australia, which can…