The currency pair British Pound to US Dollar GBP/USD completed the trading week at 1.2943. The pair continues to move within the upward trend and at the moment there is a potential for continuing the growth development of the pair. It is worth waiting for an attempt to test the bottom of the uplink near the level of 1.2650 and continue the growth in the area above the level of 1.31. GBP/USD Forecast Pound to US Dollar May 1 — 5, 2017 In favor of the growth of quotes, the pound dollar will perform an upward support test on the…
Author: forex24pro
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 Gold XAU/USD completed the trading week at 1267. Quotes will continue to move within the rising channel. At the moment, we should expect an attempt to fall into the area below the level of 1230 as part of the completion of the formation of the bull forex model 1:1. XAU/USD Forecast Gold for the week May 1 — 5, 2017 From the lower border of the channel, one should expect an attempt to continue the rise in prices for Gold to an area above the level of 1290. In favor of the rebound, a dense test of the uplink…
The currency pair US Dollar to Japanese Yen USD/JPY completed the trading week at the level of 111.50. It is worth waiting for an attempt to fall into the area below the level of 110.00 within a tight test of the downward trend line on the indicator of relative strength. USD/JPY Forecast Dollar to Japanese Yen May 1 — 5, 2017 From level 110, we should expect a rebound and the beginning of the pair Yen Dollar pair growth, in favor of growth is also the formation of an inverted Forex Model Head of the shoulders. Expect to accelerate the…
The currency pair Canadian Dollar to the US Dollar USD/CAD pair closed the trading week at 1.3652. It is worth waiting for an attempt to correct the quotations of the pair in the area of the broken border of the Forex model of the Triangle. USD/CAD Forecast Canadian Dollar May 1 — 5, 2017 In favor of the fall is the test of the upper boundary of the Wolfe Wave model, as well as the resistance line test on the relative strength indicator. In the vicinity of 1.35 we should expect the USD/CAD pair to continue growing above 1.38. The…
The currency pair USD/RUB US Dollar to Russian Ruble closed the trading week at 56.96 rubles to the US dollar. The pair was able to break the upper limit of the Forex model of the Wedge, it is worth to expect an attempt to continue growth in the area above the level of 60 rubles per US dollar as part of the model’s development. USD/RUB Forecast US Dollar to Ruble May 1 — 5, 2017 In favor of the growth of the Dollar Ruble pair is the breakdown of the downward trend line on the indicator of relative strength. The…
The currency pair USD/CHF US Dollar to Swiss Franc finished the trading week at 0.9945. The pair continues to trade within the upward channel and at the moment there is still a potential for continuing growth in the area above the level of 1.0250. USD/CHF Forecast US Dollar to Swiss Franc May 1 — 5, 2017 In favor of the growth of the Dollar Franc pair is the formation of an inverted Forex Head and Shoulder model, as well as an uplink support test on the relative strength indicator. The cancellation of the growth of the pair USD/CHF will be…
The currency pair New Zealand Dollar to US Dollar NZD/USD closed the trading week at 0.6861. The pair continues to trade in a downward trend and at the moment there remains a potential for continuing the fall into the area below the level of 0.6650. In favor of the fall is the breakdown of the lower boundary of the Forex Triangle model. FOREX Technical analysis NZD/USD May 1 — 5, 2017 However, we should not exclude the attempt to test the broken border of the Forex model of the Triangle and continue the decline of the pair. The cancellation of…
The currency pair US Dollar to Swiss Franc USD/CHF completes trading week at 0.9945. The pair continues to trade below the lower limit of the Ichimoku Cloud, which indicates a downward trend in the pair US Dollar Frank. It is expected to test the lower boundary of the Ichimoku Cloud near the 0.9960 level, from which one should expect an attempt to fall and develop a bearish trend for the pair near the level of 0.9840. Ichimoku Kinko Hyo USD/CHF Forecast May 1 — 5, 2017 Earlier, a weak signal was received for purchases of the US Dollar Franc, due…
The currency pair New Zealand dollar to US Dollar NZD/USD completes the trading week at 0.6861. The pair is trading below the lower limit of the Ichimoku Cloud, indicating a downward trend in the New Zealand Dollar. It is expected to test the area of signal lines near the level of 0.7000, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a view to lower near the level of 0.6720. Ichimoku Kinko Hyo NZD/USD Forecast May 1 — 5, 2017 Earlier, a weak signal was received for the sale of the…
The currency pair British Pound to US Dollar GBP/USD completes trading week at 1.2943. The pair is trading above the upper limit of the Ichimoku Cloud, indicating an upward trend in the pair Pound US Dollar. A drop near the 1.2780 level is expected, from which one should expect an attempt at growth and development of the bullish tendency for the pair with a target of growth near the level of 1.3130. Ichimoku Kinko Hyo GBP/USD Forecast May 1 — 5, 2017 Earlier, we received a weak signal for purchases of the pair Pound US Dollar, due to crossing of…