Quotes WTI oil traded at the level of 49.41. Oil moves above the moving average with a period of 55, indicating a bullish trend for WTI oil. At the moment, oil quotes are testing the upper boundary of the Bollinger Bands indicator. It is expected to test the average border of the indicator near the level of 48.10, where again we should expect an attempt to continue the growth and further development of the upward trend in Oil with the first target near the level of 51.00. Technical analysis & WTI oil forecast on May 16, 2017 The conservative WTI…
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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 113.441. The pair is trading above the moving average with a period of 55, which indicates the existence of a bullish trend for the pair US Dollar to Japanese Yen. At the moment, the pair’s quotes are moving near the middle border of the Bollinger Bands indicator bars. The test of the lower border of the Bollinger Bands indicator near the level of 113.200 is expected, from which one should expect an attempt to continue growth and further development of the upward trend in the pair US Dollar to…
Quotes of Gold XAU/USD continue to move within the framework of the development of the upward correction. At this point, we should expect an attempt to test the broken down boundary of the descending channel and continue the growth of quotations and Gold prices in the area above the level of 1240. XAU/USD forecast Gold prices on May 16, 2017 In favor of the decline is the formation of a reversal model the failure swing on the indicator of relative strength. Cancellation of the variant of the fall of quotations XAU/USD will break through the area of 1235, which indicates…
Currency pair US Dollar to Russian Ruble USD/RUB continues to move within the framework of the formation of the inverted forex model “Head and Shoulders”. It is worth to wait for the test of the area of 56.20 Rubles per US Dollar and the beginning of growth in the area above the level of 58. USD/RUB forecast Russian Ruble on May 16, 2017 In favor of the rebound of the pair US Dollar to Russian Ruble already from the current levels is the test of the ascending support line at the indicator of relative strength index. The cancellation of the…
Currency pair US Dollar to Swiss Franc USD/CHF continues to trade in a strong fall. At the moment, we should expect an attempt to test the support area at 0.9950 and continue the growth of quotations USD/CHF in the area above the level of 1.0050. USD/CHF forecast Swiss Franc on May 16, 2017 In favor of the growth of the pari US Dollar to Swiss Franc is the upward line support test on the relative strength indicator. The cancellation of the USD/CHF growth scenario will result in a fall and breakout of the area of 0.9900, which will indicate the…
Currency pair New Zealand Dollar to US Dollar NZD/USD continue to be traded within the descending channel. At the moment, the potential for a fall in the pair’s quotes remains below the local minimum level near 0.6850. NZD/USD forecast New Zealand Dollar on May 16, 2017 In favor of falling quotations the pair New Zealand Dollar to US Dollar NZD/USD will perform a downward resistance test on the relative strength indicator. And also test the upper boundary of the descending channel. The reversal of the fall of the pair will be a strong growth and breakdown of the area of…
The currency pair Euro to US Dollar EUR/USD continues to trade as part of the bullish impulse. At the moment there is a potential for completing the formation of a bearish model 5-0, which will indicate a potential rebound from the upper border of the channel and the beginning of the fall of the pair’s quotes in the area below the level of 1.0850. EUR/USD forecast Euro Dollar on May 16, 2017 In favor of falling quotations of the Euro to US Dollar is a test of the resistance area on the indicator of relative strength. Canceling the option of…
The currency pair British Pound to US Dollar GBP/USD continues to be traded as part of the formation of the reversal forex model “Head and Shoulders”. It is worth expecting a test of the area of 12950 and the beginning of the fall of quotations in the area of low level 1.27. GBP/USD forecast British Pound on May 16, 2017 In favor of the fall of the pair British Pound to US Dollar is the test of the downtrend line on the indicator of relative strength. Expect to accelerate the fall of quotations of the pair is with the breakdown…
Currency pair Australian Dollar to US Dollar AUD/USD continues to move within the framework of an upward correction. At the moment, quotes are testing the resistance area, as well as the upper boundary of the downtrend channel. It is worth waiting for an attempt to rebound and fall AUD/USD in the local minimum area. AUD/USD forecast Australian Dollar on May 16, 2017 In favor of falling quotations of the pair is the test of the downtrend resistance line on the indicator of relative strength. Cancel the variant of the fall in the quotations of the pair Australian Dollar pair against…
Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the framework of the bullish trend and at the moment the pair is testing the support area. It is worth expecting a rebound and continued growth. In favor of the growth of the pair US Dollar to Japanese Yen is the formation of a bullish Wolfe wave, as well as the breakdown of the downward trend line on the indicator of relative strength. USD/JPY forecast Japanese Yen on May 16, 2017 The cancellation of the variant of the pair US Dollar to Japanese Yen USD/JPY…