The quotes of the DAX 30 index closed the trading week at 12245. The index continues to trade within the upward trend. At the moment, the potential for continuing the growth of quotations DAX 30 in the region above the level of 12500 is still available. In favor of growth, a dense test of the uplink of support on the indicator of relative strength will perform. DAX 30 Forecast for the week April 10 — 14, 2017 Also, we should not exclude the attempt of correction in the area of the lower boundary of the ascending channel, from which we…
Author: forex24pro
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.
Natural Gas quotes completed the trading week at 3.251. At the moment, there is a potential for falling quotations in the area below the level of 2.68. In favor of the fall of Natural Gas from current levels is a tight test of the descending line of resistance on the indicator of relative strength. With the breakdown of area 2.68, we should expect an acceleration in the fall of quotations within the framework of the development of the head and shoulders reversal model with the purpose of falling below the level of 2.10. Natural Gas Forecast on April 10 —…
The currency pair Euro Dollar EUR/USD has completed the trading week at the level of 1.0588. The pair was able to show a serious decline and at the moment the potential remains for the continuation of the fall into the area below the level of 1.0350. In favor of the fall is the breakdown of the rising trend line on the indicator of relative strength. EUR/USD Forecast Euro Dollar on April 10 — 14, 2017 It is worth expecting a tight test of this line and continuing the decline. Also, the potential for completion of the development of the bearish…
The currency pair Pound Dollar GBP/USD finished the trading week at 1.2371. The pair was able to show a rebound from the upper limit of the Forex Triangle model and there is a potential for continuing the fall of the pair into the region of the lower boundary of the model near the level of 1.21. The breakdown of this area will indicate the continuation of the decline in the area below the level of 1.17. GBP/USD Forecast Pound Dollar on April 10 — 14, 2017 In favor of continuing the decline in the quotes of the pound-dollar pair, there…
Quotes of BRENT oil finished the trading week at $ 55.31 per barrel. Oil prices were able to show strong growth in the last trading week, but at the moment there is a potential for falling quotations in the area below the level of 51 dollars per barrel. BRENT Forecast crude oil on April 10 — 14, 2017 In favor of the fall is a tight test of the upper boundary of the downward channel, as well as a test of the resistance line on the indicator of relative strength. Abolition of the variant of falling quotations and oil prices…
The currency pair Australian dollar to US dollar AUD/USD finished the trading week at the level of 0.7499. The pair continues to move within the framework of the Forex Triangle model and at the moment the potential for continuing the fall of quotations in the area below the level of 0.72 remains. AUD/USD Forecast Australian Dollar on April 10 — 14, 2017 In favor of the fall is the breakdown of the upward trend line on the indicator of relative strength, as well as the formation of the reversal model Double top. Expect to accelerate the fall in quotations AUD/USD…
The currency pair Canadian dollar to US dollar USD/CAD has finished the trading week at the level of 1.3404. The pair continues to move within the upward trend and at the moment there is still a potential for continuing growth in the area above the level of 1.3550. USD/CAD Forecast Canadian Dollar on April 10 — 14, 2017 In favor of the continuation of the bullish trend is the test of the trend line on the indicator of relative strength. Cancellation of the variant of growth of quotations of the pair the Canadian dollar will be the breakdown of the…
Quotations of the currency pair US Dollar to Japanese Yen USD/JPY completed the trading week at 111.04. The pair is pushing away from the support area and at the moment there is still a potential for continuing growth above the 112.50 area as part of the development of the reversal model. The failed swing on the relative strength indicator. USD/JPY Forecast Japanese Yen on April 10 — 14, 2017 At the time of the downward trend test on the RSI indicator, one should expect an attempt to continue the fall of the Yen Dollar pair quotations in the area below…
Quotes of Gold XAU/USD completed the trading week at 1253. Gold continues to move within the descending channel and at the moment a tight test of the upper border of the channel took place. It is worth waiting for an attempt to rebound and continue the decline in the area below the level of 1205. XAU/USD Forecast Gold price on April 10 — 14, 2017 In favor of the fall is also the formation of the reversal Forex model Double top with the potential target of working below the area of 1185. Expect the acceleration of the fall in quotes…
Quotations of the currency pair New Zealand dollar to US dollar NZD/USD completed the trading week at 0.6930. At the moment, the pair’s quotations continue to move within the descending channel and there is a potential for falling to the area below the level of 0.68. In favor of the drop in NZD/USD quotations, there is a rebound from the descending line of the trend, which also indicates a bearish tendency for the pair. NZD/USD Forecast on April 10 — 14, 2017 The cancellation of the option can be a strong growth above the level of 0.7070, which indicates that…