The stock index Dow Jones benchmark is trading at 20948.6. Dow Jones continues to trade above the upper limit of the Ichimoku Cloud, indicating an upward trend in the Dow Jones. The fall of quotations of the exchange’s index near the level of 20870.0 is expected, from which one should expect an attempt of growth and development of the bullish trend on the stock exchange index with the purpose of growth near the level of 21120.0. Ichimoku Kinko Hyo DOW JONES forecast on May 1, 2017 Earlier, a weak signal was received for the purchases of the Dow Jones Exchange…
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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 Dollar EUR/USD finished the trading week at the level of 1.0893. The pair continues to test the area of the upper boundary of the rising channel, which is a serious resistance at the moment. It is worth to expect an attempt to rebound the euro exchange rate and fall into the area below the level of 1.0750. EUR/USD Forecast Euro to US Dollar May 1 — 5, 2017 In favor of falling quotes EUR/USD is a tight test of the resistance area on the indicator of relative strength. The cancellation will be a strong growth and…
The currency pair Australian Dollar to US Dollar AUD/USD finished the trading week at the level of 0.7487. The pair continues to trade within the Forex Triangle model and tightly tests the support area near the level of 0.7470. At the moment, there is a potential for the development of an upward correction of the pair in the area above the level of 0.7550 within the rebound from the lower boundary of the Forex model Wedge. AUD/USD Forecast Australian Dollar May 1 — 5, 2017 Whence it is necessary to expect continuation of falling of quotations AUD/USD with the purpose…
Quotes of BRENT oil finished the trading week at the level of 51.89 dollars per barrel. Oil continues to trade within the rising channel and at the moment there is a potential for rebound and growth of quotations in the region above the level of 53 dollars per barrel, where we can expect the continuation of the fall. BRENT Forecast crude oil prices May 1 — 5, 2017 The reduction target is the area of the lower border of the rising channel at the level of $ 49 per barrel. Canceling the option will be a strong increase in oil…
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…
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…