The currency pair Pound to US Dollar GBP/USD continues to test the resistance area and at the moment there is a potential for falling to the area below the level of 1.2770. In favor of falling quotations, the pound dollar is a breakdown of the upward trend line on the indicator of relative strength. The cancellation of the GBP/USD decline will result in a strong growth and breakdown of the area of 1.2970, which will indicate the continued growth of the pair. GBP/USD Forecast Pound to US Dollar on May 4, 2017 Among the important news from Britain, which can…
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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 EUR/USD continues to trade near the local maximum area. It is worth to expect an attempt to fall and breakdown of the area 1.0850 as part of the development of the reversal forex model. The failed swing on the indicator of relative strength. In favor of falling quotations of the euro, the dollar is also a breakdown of the upward trend line on the indicator of relative strength. Expect to accelerate the fall of quotations of the pair is with the breakdown of the support area, which indicates a decline in the area of 1.0790. The abolition…
The currency pair USD/CAD continues to move within the upward trend and at the moment it is expected to continue growth in the area above the level of 1.3850. In favor of the growth of the pair’s quotations, a tight test of the support area on the price chart will perform, as well as an upward trend test on the relative strength indicator. The cancellation of the growth of the USD/CAD pair quotes will result in a fall and breakdown of the region of the lower border of the uplink, which will indicate that the pair will continue to decline.…
Quotes of BRENT crude oil continue to move within the descending channel and at the moment there is a potential for continuing falling quotations and oil prices in the region below the level of 49.50 dollars per barrel. In favor of the decline is the formation of a downward Forex model 1:1, as well as the breakdown of the upward trend line on the indicator of relative strength. Expect the acceleration of falling quotations and oil prices is with the breakdown of the local minimum area. BRENT forecast crude oil prices on May 4, 2017 BRENT forecast crude oil prices…
Gold XAU/USD is trading at the level of 1253.38. Gold continues to trade below the moving average with a period of 55, indicating a bearish trend in gold. At the moment, Gold quotes are moving towards the middle border of the Bollinger Bands indicator bars. It is expected to test the middle border of the Bollinger Bands indicator bars near the level of 1260.00, where again we should expect an attempt to continue falling with the first target near the level of 1240.00. Bollinger Bands XAU/USD Forecast on May 4, 2017 The conservative sales area is located near the upper…
Quotes of the Currency pair US Dollar to Japanese Yen USD/JPY continue to move in the upward trend. However, at the moment there is still potential for falling quotations in the area below the level of 111.00 as part of the development of the reversal forex model. The failed swing on the indicator of relative strength. An additional signal is the breakdown of the rising trend line on the indicator of relative strength. The cancellation of the fall of the pair of Yen Dollar pair quotations will result in strong growth and breakdown of the 112.85 area. USD/JPY Forecast US…
The stock index S&P 500 is trading at the level of 2385.6. The S&P 500 is trading above the moving average with a period of 55, indicating a bullish trend for the S&P 500. At this point, the stock index moves towards the lower border of the Bollinger Bands indicator bars. It is worth to expect an attempt at a minor correction near the level of 2381.0, where again we should expect an attempt to continue the growth and development of the bullish trend for the S&P 500 with the first target near the level of 2406.0. Bollinger Bands S&P…
The stock index NASDAQ is trading at 5623.8. NASDAQ continues to trade above the moving average with a period of 55, indicating a bullish trend for the NASDAQ. At the moment, the quotations of the exchange index are moving towards the middle border of the indicator strip Bollinger Bands. It is worth waiting for an attempt to fall near the level of 5595.0, where again we should expect an attempt to continue growth with the first target near the level of 5690.0. Bollinger Bands NASDAQ Forecast on May 4, 2017 The conservative buying area is near the lower border of…
The currency pair US Dollar to Swiss Franc USD/CHF continues to be traded within the Forex Head and Shoulders models. It is worth waiting for an attempt to complete the formation of the right shoulder of the model and continue the growth of quotations of the pair in the area above the level of 1.0050. In favor of growth, a dense test of the ascending support line on the initiator of relative strength will perform. The cancellation of the variant of growth of quotations of the pair will be the fall and breakdown of the local minimum area, which will…
The currency pair US Dollar to Russian Ruble USD/RUB is trading at the level of 57.06. The pair continues to trade above the moving average with a period of 55, which indicates the existence of a bullish trend for the US dollar, the Russian Ruble. At the moment, the quotes of the pair move near the upper border of the Bollinger Bands indicator bars. It is expected to test the average border of the indicator bars near the level of 56.70, where again we should expect an attempt to continue growth and further development of the upward trend in the…