Quotes GOLD XAU/USD completed the trading week at 1254. GOLD continues to move as part of the formation of the reversal forex pattern “Head and Shoulders”. At the moment, you should expect to try the test area 1280 and the beginning of the fall of XAU/USD with the first target near the level 1223. XAU/USD forecast on May 22, 2017 — May 26, 2017 The breakdown of this area will indicate the acceleration of falling quotations and GOLD prices. The target of the reversal forex pattern “Head and Shoulders” at the level of 1115. The cancellation of the falling quotations…
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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 New Zealand Dollar to US Dollar NZD/USD closed the trading week at 0.6924. The pair continues to trade in the bearish channel. It is worth waiting for a rebound attempt from the upper boundary and the beginning of the fall with the first target near the area 0.6750. NZD/USD forecast on May 22, 2017 — May 26, 2017 In favor of the fall of the pair New Zealand Dollar to US Dollar NZD/USD will perform a test of the bearish trend line on the indicator of relative strength index (RSI). The reversal of the fall of the pair…
Currency pair US Dollar to Swiss Franc USD/CHF finished trading week at 0.9724. The pair continues to move within a strong bearish impulse. We should expect an attempt to test the lower border of the bearish channel at the level of 0.9650, where we expect the rebound and the growth of the pair US Dollar to Swiss Franc USD/CHF to the resistance area at 0.9850. USD/CHF forecast on May 22, 2017 — May 26, 2017 In favor of the rebound is the test of the support area on the indicator of relative strength index (RSI). The cancellation of the growth…
Currency pair US Dollar to Russian Ruble USD/RUB closed the trading week at 56.72 Rubles per US Dollar. The pair continues to move within the framework of the reversal forex pattern “Head and Shoulders”. It is worth waiting for an attempt to increase in the area above the level of 58 Rubles per US Dollar. USD/RUB forecast on May 22, 2017 — May 26, 2017 With the breakdown of the upper limit of the bearish channel, it is expected to accelerate the growth of the pair US Dollar to Russian Ruble USD/RUB, which could provoke the pair’s growth above the…
Currency pair US Dollar to Canadian Dollar USD/CAD has closed the trading week at 1.3507. The pair continues to move within the development of correction. At the moment, there is the potential for a test of the area of the lower border of the bullish channel and the beginning of the growth of quotations USD/CAD in the area above the level 1.37. USD/CAD forecast on May 22, 2017 — May 26, 2017 In favor of the growth of the pair US Dollar to Canadian Dollar USD/CAD is the test of the upward trend line on the indicator of relative strength…
Currency pair Australian Dollar to US Dollar AUD/USD finished the trading week at the level 0.7454. The pair continues to move within the bearish channel and at the moment there is a potential for falling quotations in the area below the level 0.73. In favor of the fall of the pair Australian Dollar to US Dollar AUD/USD, the downward resistance line test is on the indicator of relative strength index (RSI). AUD/USD forecast on May 22, 2017 — May 26, 2017 The cancellation of the fall of the pair’s quotes will result in a strong growth and breakdown of the…
Quotes of BRENT crude oil finished the trading week at the level $ 53.76 per barrel. BRENT crude oil continues to move within the framework of an bullish correction. At the moment, we should expect a test of the upper boundary of the bearish channel near the level $ 54 per barrel, where again quotes may show a fall. BRENT forecast on May 22, 2017 — May 26, 2017 In favor of falling quotations and oil prices will perform a test of the resistance level on the indicator of relative strength index (RSI). The cancellation of the drop in the…
Currency pair British Pound to US Dollar GBP/USD completed the trading week at the level 1.3031. The pair continues to move within the bullish channel. At the moment, there is still potential for developing a correction on a pair GBP/USD with a potential target at level 1.2850, the breakdown of this level will indicate the continuation of the decline to the area below the level 1.2550. GBP/USD forecast on May 22, 2017 — May 26, 2017 In favor of the decline is the formation of a reversal forex pattern “Failure Swing” on the indicator of relative strength index (RSI), as…
Currency pair Euro to US Dollar EUR/USD finished the trading week at the level 1.1206. The pair continues to move within the framework of a strong bullish impulse. At the moment, there is the potential for a test of the next resistance level near the area of 1.13, from where the pair Euro to US Dollar EUR/USD can go into the bearish correction with the target near the area 1.1050. EUR/USD forecast on May 22, 2017 — May 26, 2017 However, we should not exclude the attempt to test the upper boundary of the descending channel. In favor of falling…
Stock index Dow Jones completes the trading week at 20802.3. Dow Jones is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the Stock index Dow Jones. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 20660.0, from which one should expect an attempt to grow and develop the bullish trend on the Stock index Dow Jones with the target of growth near the level 21400.0. Dow Jones weekly forecast on May 22 — 26, 2017 Earlier, a medium strength signal was obtained for the buy of the…