The currency pair Euro to US Dollar EUR/USD finished the trading week at the level of 1.0997. At the moment, the quotes of the pair are trying to leave the upstream channel, if the bulls on the pair can break through the area of 1.11, it is necessary to expect the acceleration of the growth of quotations of the euro dollar in the area above the level of 1.15. EUR/USD Forecast Euro Dollar on May 8 — 12, 2017 As the main option is an attempt to rebound quotes from area 1.10 and the development of a decline with a…
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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 currency pair Pound to US Dollar GBP/USD has closed the trading week at the level of 1.2978. At the moment, the pair’s quotations continue to move within the upward channel and there is a potential for continued growth. Stat expect a test of a gentle border with a subsequent rebound and a continuation of growth above the level of 1.32. GBP/USD Forecast British Pound on May 8 — 12, 2017 In favor of the growth of the pound-dollar pair, a dense test of the upward trend line will appear on the indicator of relative strength. The cancellation of the…
Quotes of BRENT oil finished the trading week at the level of 49.39 dollars per barrel. At the moment, quotes are testing the area of the lower border of the rising channel, we should expect an attempt to develop correction in the area above 51 dollars per barrel. In favor of the rebound is also the test of the support area on the indicator of relative strength. BRENT Forecast oil prices for the week May 8 — 12, 2017 Near the level of $ 51 per barrel, you should expect a rebound and the continued drop in quotations and oil…
The currency pair Australian Dollar against the US Dollar AUD/USD finished the trading week at the level of 0.7413. The pair continues to trade within the framework of the Forex Triangle model and at the moment there is a high potential for testing the lower boundary of the model near the area of 0.7150. AUD/USD Forecast Australian Dollar on May 8 — 12, 2017 However, we should not exclude the attempt to develop an upward correction on the pair in the area above the level of 0.75, where we can expect the continuation of the fall in quotations AUD/USD. In…
The currency pair Canadian Dollar to the US Dollar USD/CAD closed the trading week at 1.3647. The pair was able to show a rebound from the upper boundary of the descending Woolf wave model, the goal of falling and working out of such a model is the area below the level of 1.31. USD/CAD Forecast Canadian Dollar on May 8 — 12, 2017 However, we should expect an attempt to test the area of 1.35, where the test of the broken border of the Forex model of Triangle and the next attempt of growth in the area above the level…
Quotations of the currency pair US Dollar to Japanese Yen USD/JPY completed the trading week at 112.66. The pair is testing the area of the upper border of the descending channel and at the moment it is expected to expect a rebound and fall of the pair’s quotations in the area below the level of 111.00. USD/JPY Forecast Japanese Yen on May 8 — 12, 2017 Near this level, the values of the relative strength indicator test the broken trend line and again expect a rebound and the continued growth of the pair of Yen Dollar pairs to the level…
Quotes of Gold XAU/USD completed the trading week at 1227. At the moment Gold quotes are testing the area of the lower border of the rising channel, we should expect a rebound attempt to the area above the level of 1245, where again to expect a fall with the first target near the level of 1200. XAU/USD Forecast Gold price on May 8 — 12, 2017 In favor of falling quotations and The price of Gold will perform a test of the broken trend line on the indicator of relative strength. Cancellation of the fall variant may be a punched…
Quotes of the currency pair New Zealand Dollar against the US Dollar NZD/USD closed the trading week at 0.6917. The pair continues to test the area of the lower boundary of the Forex Triangle model. It is worth waiting for an attempt to rebound and continue falling into the area below the level of 0.67. NZD/USD Forecast New Zealand Dollar on May 8 — 12, 2017 In favor of falling quotations of the pair will perform a downward resistance test on the indicator of relative strength. The cancellation of the NZD/USD decline in the current trading week will result in…
The currency pair US Dollar to Swiss Franc USD/CHF finished trading week at 0.9867. The pair continues to trade within the ascending channel, as well as the upside-down Forex Head and Shoulder models. It is worth expecting a rebound attempt and the start of the pair’s quotes rise into the ballet above the level of 1.0050. USD/CHF Forecast US Dollar to Franc on May 8 — 12, 2017 In favor of the growth of Dollar Frank in the current trading week is a tight test of the support line on the initiator of relative strength. The abolition of the pair’s…
The currency pair US Dollar to Russian Ruble USD/RUB closed the trading week at 58.08 rubles to the US dollar. At the moment, the pair continues to work on the Forex model Wedge. There is a potential for continuing growth in the area above the level of 59 rubles per US dollar, from where it is expected to develop a correction for the pair in the area below the level of 57 rubles per dollar as part of the formation of an inverted forex model of the Head and shoulders. USD/RUB Forecast US Dollar to Ruble on May 8 —…