The currency pair Euro to US Dollar EUR/USD completed the trading week at the level of 1.0724. The pair continues to trade in the downward channel and at the moment the potential for continuing the decline of the euro dollar remains. However, we should not exclude the test of the upper border of the descending channel and the area of 1.0850 within the framework of the assurance of the formation of the reversal Forex Head and Shoulders models, which will also point to the EUR/USD quotes falling. EUR/USD Forecast Euro Dollar on April 24 — 28, 2017 In favor of…
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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.
The currency pair British Pound to US Dollar GBP/USD finished the trading week at 1.2805. Quotations of the pair were able to break through the upper border of the Forex model of the Triangle, which indicates the continuation of the pair’s growth as part of the Forex model development. GBP/USD Forecast British Pound on April 24 — 28, 2017 At the moment, we should expect a fall attempt and a test of the broken channel border at 1.27, from which we should expect a rebound and continued growth of the pound dollar. In favor of the development of the upward…
Quotes of BRENT oil finished the trading week at 52.28 dollars per barrel and could show a serious drop from the local maximum level. At the moment, there is a potential for continuing the decline in the region of the lower border of the rising channel near the region of $ 48 per barrel. Brent Forecast crude oil for the week April 24 — 28, 2017 In favor of the fall of BRENT is a rebound from the resistance line on the indicator of relative strength. The abolition of the option of lowering quotations and oil prices will be a…
The currency pair Australian Dollar to US dollar AUD/USD finished the trading week at 0.7541. The pair continues to trade within the framework of the Forex Triangle model and at the moment the potential for falling of quotations in the region of the lower boundary of the model near the area of 0.7150 remains. Forex Forecast AUD/USD for the week on April 24 — 28, 2017 In favor of lowering the quotations of the pair AUD/USD, a down resistance line test will perform on the relative strength indicator near the area of 0.7650. Expect to accelerate the fall in quotations…
The currency pair is the Canadian Dollar to US dollar USD/CAD has completed the trading week at 1.3493. At the moment, the pair continues to move within the ascending channel, we should expect the breakdown of the upper boundary of the Triangle model and the continuation of growth in the area above the level of 1.37. USD/CAD Forecast Canadian Dollar on April 24 — 28, 2017 In favor of growth is a rebound from the support line on the indicator of relative strength. Expect to accelerate the growth of the pair is with the breakdown of the area 1.3520, which…
Quotations of the currency pair US Dollar to Japanese Yen USD/JPY completed the trading week at 109.06. The pair continues to move within the descending channel and expect an attempt to update the local minimum area. USD/JPY Forecast Japanese Yen on April 24 — 28, 2017 In favor of falling quotes of the pair, the Dollar Yen will perform a tight test of the descending line of the trend on the indicator of relative strength. With the breakdown of this line, one should expect the USD/JPY pair to fall and start growing above 112.00. In the case of breakdown of…
Quotes of Gold XAU/USD completed the trading week at 1282. Gold continues to move within the rising channel and at the moment it is expected to try to continue the growth of quotations in the area above the level of 1305. XAU/USD Forecast Gold price on April 24 — 28, 2017 Where can we expect a fall to the lower boundary of the rising channel at a level below the area of 1240, Where again it is expected to continue the growth of quotations XAU/USD. In favor of the fall is a tight test of the resistance area on the…
Quotes of Silver XAG/USD finished the trading week at the level of 17.87. At the moment there is a potential for growth of quotations in the area above the level of 18.20 as part of the formation of the right shoulder of the reversal Forex Head and Shoulder models. XAG/USD Forecast Silver prices on April 24 — 28, 2017 Whence it is necessary to expect the beginning of falling of quotations and the prices for Silver in the area below level 16.50. In favor of the fall, a dense test of the downward trend line will appear on the indicator…
Quotations of the currency pair New Zealand Dollar to US dollar NZD/USD finished the trading week at the level of 0.7028. The pair continues to trade within the framework of the Forex Triangle model, at the moment it is expected to continue the decline to the bottom of the model with the first target near the level of 0.69. NZD/USD Forecast New Zealand Dollar on April 24 — 28, 2017 In favor of falling quotes NZD/USD is a tight test of the downward trend line on the indicator of relative strength. Cancellation of the variant of the fall in quotations…
The currency pair US Dollar to Swiss Franc USD/CHF finished the trading week at 0.9955. The pair continues to move within the ascending channel. At the moment, we should expect an attempt to fall and test the area of 0.9860, as part of the formation of the right shoulder of the reversal Forex Head and Shoulder models, where we can expect the pair to start growing. USD/CHF Forecast Swiss Franc on April 24 — 28, 2017 In favor of the rebound of quotations, Dollar Franc will perform an upward support test on the relative strength indicator. Expect the acceleration of…