The currency pair Pound to US Dollar GBP/USD demonstrates the development of an upward correction and at the moment there is a potential for falling quotations in the area below the level of 1.2270. In favor of falling quotes, the Pound Dollar pair will make a dense test of the downward resistance line on the indicator of relative strength. Cancellation of the variant of falling of quotations of pound to dollar becomes strong growth and breakdown of the region of local maximum. Expect the acceleration of the fall of GBP/USD with a breakdown of the area of 1.2840. GBP/USD Forecast…
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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 Euro to US Dollar EUR/USD continues to trade within the lateral trend and at the moment there is a potential for testing the upper limit of the Forex model of the Triangle, from where it is expected to fall to the area below the level of 1.0850. In favor of falling quotations of the euro, the dollar will test the downward trend line on the indicator of relative strength. The cancellation of the variant of EUR/USD quotes drop will result in strong growth and breakdown of the local maximum area, in which case we should expect the…
Trading signals Japanese Yen USD/JPY on May 4, 2017 Sale at the current price (112.71), StopLoss is set for 112.95, the target is to decrease 109.10. Trading signals British Pound GBP/USD on May 4, 2017 Purchase at the current price (1.2874), StopLoss set for 1.2825, the target of growth is 1.2960. Trading signals Gold XAU/USD on May 4, 2017 Purchase at the current price (1235.80), StopLoss set for 1231.00, the target of growth is 1254.00.
The currency pair Australian Dollar to US Dollar AUD/USD continues to move in line with expectations and our AUD/USD forecast for tomorrow. At the moment, the potential for continuing the fall in the area below the level of 0.74 remains. In favor of the fall is also a rebound from the downward trend line on the indicator of relative strength. Canceling the option of reducing the pair AUD/USD will break through the area of 0.7565, indicating that the pair continues to grow above 0.7650. AUD/USD Forecast Australian Dollar on May 4, 2017 Among the important news from Australia, which can…
The currency pair Pound to US Dollar GBP/USD continues to test the resistance area and at the moment there is a potential for falling to the area below the level of 1.2770. In favor of falling quotations, the pound dollar is a breakdown of the upward trend line on the indicator of relative strength. The cancellation of the GBP/USD decline will result in a strong growth and breakdown of the area of 1.2970, which will indicate the continued growth of the pair. GBP/USD Forecast Pound to US Dollar on May 4, 2017 Among the important news from Britain, which can…
The currency pair EUR/USD continues to trade near the local maximum area. It is worth to expect an attempt to fall and breakdown of the area 1.0850 as part of the development of the reversal forex model. The failed swing on the indicator of relative strength. In favor of falling quotations of the euro, the dollar is also a breakdown of the upward trend line on the indicator of relative strength. Expect to accelerate the fall of quotations of the pair is with the breakdown of the support area, which indicates a decline in the area of 1.0790. The abolition…
The currency pair USD/CAD continues to move within the upward trend and at the moment it is expected to continue growth in the area above the level of 1.3850. In favor of the growth of the pair’s quotations, a tight test of the support area on the price chart will perform, as well as an upward trend test on the relative strength indicator. The cancellation of the growth of the USD/CAD pair quotes will result in a fall and breakdown of the region of the lower border of the uplink, which will indicate that the pair will continue to decline.…
Quotes of BRENT crude oil continue to move within the descending channel and at the moment there is a potential for continuing falling quotations and oil prices in the region below the level of 49.50 dollars per barrel. In favor of the decline is the formation of a downward Forex model 1:1, as well as the breakdown of the upward trend line on the indicator of relative strength. Expect the acceleration of falling quotations and oil prices is with the breakdown of the local minimum area. BRENT forecast crude oil prices on May 4, 2017 BRENT forecast crude oil prices…
Gold XAU/USD is trading at the level of 1253.38. Gold continues to trade below the moving average with a period of 55, indicating a bearish trend in gold. At the moment, Gold quotes are moving towards the middle border of the Bollinger Bands indicator bars. It is expected to test the middle border of the Bollinger Bands indicator bars near the level of 1260.00, where again we should expect an attempt to continue falling with the first target near the level of 1240.00. Bollinger Bands XAU/USD Forecast on May 4, 2017 The conservative sales area is located near the upper…
Quotes of the Currency pair US Dollar to Japanese Yen USD/JPY continue to move in the upward trend. However, at the moment there is still potential for falling quotations in the area below the level of 111.00 as part of the development of the reversal forex model. The failed swing on the indicator of relative strength. An additional signal is the breakdown of the rising trend line on the indicator of relative strength. The cancellation of the fall of the pair of Yen Dollar pair quotations will result in strong growth and breakdown of the 112.85 area. USD/JPY Forecast US…