Quotes WTI crude oil traded at the level of $ 51.30 per barrel. Oil moves above the moving average with a period of 55, indicating a bullish trend for WTI Oil. At the moment, oil quotes are moving near the upper boundary of the Bollinger Bands indicator strip. It is expected to test the average border of the Bollinger Bands indicator near the level $ 50.00 per barrel, where again we should expect an attempt to continue growth and further development of the bullish trend in oil with the first target near the level $ 53.00 per barrel. WTI forecast…
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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.
Currency pair US Dollar to Japanese Yen USD/JPY is trading at 111.040. The pair is trading below the moving average with a period of 55, indicating a bearish trend for the pair US Dollar to Japanese Yen. At the moment, quotes of the pair test the average border of the bars of the indicator Bollinger Bands. An insignificant correction is expected near the level of 111.500, from which one should expect an attempt to continue the fall and further development of the downward trend in the US Dollar to Japanese Yen USD/JPY with the first target near the level 109.700.…
Currency pair British Pound to US Dollar GBP/USD is trading at 1.3019. Quotes of the pair are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for the pair British Pound to US Dollar GBP/USD. At the moment, the pair’s quotes are moving near the middle border of the Bollinger Bands indicator. A correction to the moving average near the level of 1.2970 is expected, where again we should expect an attempt to continue growth with the first target near the level 1.3120. Bollinger Bands prediction GBP/USD on May 23, 2017…
Currency pair British Pound to New Zealand Dollar GBP/NZD is trading at 1.8615. The pair is trading below the moving average with a period of 55, indicating a bearish trend for the British Pound to New Zealand Dollar GBP/NZD pair. At the moment, quotes of the pair test the lower boundary of the bands of the Bollinger Bands indicator. Correction is expected near the level of 1.8660, where we can expect an attempt to continue the decline with the first target near the level 1.8380. Bollinger Bands forecast GBP/NZD on May 23, 2017 An additional signal in favor of the…
Currency pair Canadian Dollar to US Dollar USD/CAD continues to move within the forex pattern «Wedge». It is worth waiting for the text of the local minimum level and the beginning of growth in the area above the level of 1.36. USD/CAD forecast & technical analysis May 23, 2017 In favor of growth of quotations of the pair USD/CAD, the formation of the reversal model will act “Failure Swing” on the indicator of relative strength index (RSI). The cancellation of the pair’s growth option will result in a drop and breakdown at 1.3480 level. Expect to accelerate the growth of…
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…
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…