Stock index S&P 500 is trading at the level of 2347.4. The S&P 500 is trading below the moving average with a period of 55, indicating a bearish trend for the S&P 500. At the moment, stock market quotes are testing a moving average with a period of 55. It is worth waiting for an attempt of a minor correction near the level of 2352.0, where again we should expect an attempt to continue falling and develop a bearish trend for the S&P 500 with the first target near the level of 2330.0. Bollinger Bands S&P 500 forecast on April…
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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 stock index Dow Jones is trading at 20529.0. Quotations Dow Jones are traded below the moving average with a period of 55, indicating a bearish trend for the Dow Jones. At the moment, the quotes of the stock index test the average border of the bars of the indicator Bollinger Bands. A slight increase is expected near the level of 20590.0, where one should expect an attempt to continue falling with the first goal near the level of 20340.0. Bollinger Bands Dow Jones forecast on April 20, 2017 The conservative sales area is located near the upper boundary of…
Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to build on the upper boundary of the downward channel and there is a potential for the pair to fall below 0.6900. NZD/USD Forecast New Zealand Dollar on April 20, 2017 In favor of falling quotations of the pair is the formation of the reversal Forex Head and shoulders models on the indicator of relative strength. Cancellation of the variant of the New Zealand Dollar quotes drop will be a breakdown of the area of 0.7050, which indicates that the pair will continue to grow above 0.7120.…
Quotes of Gold XAU/USD continue to move within the upward trend and are currently trading near the area of 1284. We should expect an attempt to tightly test the area of the broken channel and continue growth in the area above the level of 1300. XAU/USD Forecast Gold prices on April 20, 2017 In favor of the rebound and the growth of quotations and Gold prices is a tight test of an upward Trend line on the indicator of relative strength. In case of a breakdown of the upward support line on the relative strength indicator, one should expect the…
The currency pair Canadian dollar to US dollar USD/CAD continues to move in line with expectations and our previous forecast of USD/CAD. At the moment, the values of the relative strength indicator were able to break the downward trend line, which indicates the continued growth of the pair’s quotations in the area above the level of 1.3550. USD/CAD Forecast Canadian Dollar on April 20, 2017 Expect to accelerate the growth of quotations of the Canadian dollar is with the breakdown of the upper boundary of the descending channel, which will indicate the continuation of the development of growth on a…
The currency pair Pound to US Dollar GBP/USD showed strong growth at the time of Teresa Mey’s speech, at which it was proposed to hold early parliamentary elections, and at the moment the quotes are testing the area of 1.28. GBP/USD Forecast Pound Dollar on April 20, 2017 The potential for the development of correction to the area of 1.2670 remains within the framework of the rebound from the upper boundary of the sweet-zone region of the descending Woolf wave model. The purpose of testing the Woolf wave model is the region of an anomaly below 1.22. However, expect a…
The currency pair Euro Dollar EUR/USD was able to break the upper limit of the Forex Triangle model and at the moment the pair is trading near the area of 1.0720. One should expect an attempt to correct the broken trend line on the indicator of relative strength and the continuation of the growth of quotations of the euro dollar in the area above the level of 1.08. EUR/USD Forecast Euro Dollar on April 20, 2017 The cancellation of the option will be the fall and breakdown of the area 1.0650, which will indicate the continued decline in the euro-dollar…
Quotes of BRENT crude oil continue to move within the rising channel and are currently traded near the area of $ 55 per barrel. It is worth waiting for an attempt to continue the decline in the area below the level of $ 54 per barrel as part of the rebound from the broken trend line on the indicator of relative strength. BRENT forecast crude oil prices on April 20, 2017 Abolition of the variant of falling quotations and oil prices will be a strong growth and breakdown of the region of 56.50 dollars per barrel. BRENT forecast crude oil…
Quotations of the currency pair US Dollar to Japanese Yen USD/JPY continue to test the local minimum area and are currently trading near the level of 108.80. It is worth waiting for an attempt to rebound and begin to grow as part of the development of the bull model of the Wolfe wave with a potential growth target above the area of 112.50. USD/JPY Forecast Japanese Yen on April 20, 2017 In favor of the growth of quotations of the Dollar Yen pair is the formation of the flexed Forex Model of the Head and shoulders. An additional signal in…
The currency pair Australian Dollar to US Dollar AUD/USD continues to fall and at the moment quotations have approached the support area near the level of 0.75. It is worth waiting for an attempt to break this area and continue the decline to a level of 0.74. AUD/USD Forecast Australian Dollar on April 20, 2017 With the breakdown of the support area, you should expect to complete the formation of the reversal forex model Double top, which indicates the continuation of the fall in Australian dollar quotations in the area below the level of 0.72. By canceling the option of…