The stock index S&P500 is trading at the level of 2372.9. The S&P500 is trading above the moving average with a period of 55, indicating a bullish trend for the S&P500. At the moment, quotes of the stock index test the upper boundary of the bands of the indicator Bollinger Bands. It is worth waiting for an attempt to drop and test the middle border of the Bollinger Bands indicator bars near the level of 2360.0, where again we should expect an attempt to continue growth with the first goal near the level of 2390.0. Bollinger Bands S&P500 Forecast on…
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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.
Quotes of Gold XAU/USD show a drop and are currently traded at 1246. It is expected to continue the decline with a potential drop target below the 1225 area as part of the start of the reversal of the forex model Double Top. XAU/USD Forecast Gold prices on April 6, 2017 In favor of falling quotations and prices for Gold, a breakdown of the upward trend line on the indicator of relative strength will perform. Cancellation of the variant of the fall in XAU/USD quotations will be the breakdown of the local maximum area, which indicates that the growth will…
The currency pair US dollar to Canadian dollar USD/CAD continues to develop correction and at the moment quotes are traded at 1.3398. The pair is testing the support area and there is a potential for rebounding and continuing growth into the area above the 1.35 level. USD/CAD Forecast Canadian Dollar on April 6, 2017 In favor of the rebound of the pair USD/CAD will perform a tight test of the support line on the indicator of relative strength. The cancellation of the USD/CAD pair growth scenario will be the fall and breakdown of the 1.33 area, which will indicate the…
Quotes of BRENT crude oil continue to develop the upward movement and are now close to the resistance level of $ 55 per barrel. It is worth waiting for a rebound attempt in the area below the level of $ 53 per barrel. However, in the case of a breakdown in the resistance area, there is a potential for continued growth in oil prices in the region above the level of $ 58 per barrel. BRENT forecast crude oil prices on April 6, 2017 In favor of the completion of oil growth, breakdown of the upward trend line on the…
The currency pair US Dollar to Japanese Yen USD/JPY went into the development of the upward correction and are currently traded at 111.30. The potential for falling of the pair of Yen Dollar pairs in the area below the level of 109.50 is maintained as part of the development of the head and shoulders reversal model. USD/JPY Forecast Japanese Yen on April 6, 2017 In favor of the fall, a dense test of the downward trend line will appear on the indicator of relative strength. The cancellation of the option will be continued growth of the pair and breakdown of…
The currency pair Australian Dollar to US Dollar AUD/USD has gone into the development of correction and is currently tightly testing the area of 0.7570. It is worth waiting for an attempt to fall into the area below the level of 0.75 within the rebound from the descending line of the trend on the indicator of relative strength. AUD/USD Forecast Australian Dollar on April 6, 2017 In favor of falling quotations of the pair AUD/USD, advocate the formation of a reversal forex model of the Head and shoulders at small time intervals. Cancellation of the variant of the fall of…
The currency pair Pound to US Dollar GBP/USD continues to trade near the area of 1.2470 and at the moment there is still a potential for continuing the fall into the area below the level of 1.23. In favor of the fall is the formation of a reversal pattern Double top, which indicates the completion of growth and the continuation of the fall of the pound-dollar pair. GBP/USD Forecast Pound Dollar on April 6, 2017 An additional signal is a rebound from the downward trend line on the indicator of relative strength. Expect to accelerate the fall of quotations of…
The currency pair Euro Dollar EUR/USD continues to be traded near the area of 1.0659. Quotations could not develop an upward correction on the pair and at the moment there is a potential for continuing the decline in the area below the level of 1.0590. In favor of the drop is a rebound from the descending line of the trend on the indicator of relative strength. EUR/USD Forecast Euro Dollar on April 6, 2017 Expect to accelerate the fall in quotes EUR/USD stands with the breakdown of the upward trend line on the indicator of relative strength, which indicates the…
The currency pair US Dollar to Russian Ruble USD/RUB continues to test the local minimum area and currently trades at 56.08 rubles per US dollar. The potential for rebound and growth of the pair in the region above the level of 58 rubles per US dollar remains. USD/RUB Forecast Dollar Ruble on April 6, 2017 In favor of the rebound is the test of the rising trend line on the indicator of relative strength, as well as the formation of the head and shoulders reversal model on the RSI indicator. The abolition of the growth option will be the fall…
The currency pair US Dollar to Swiss Franc USD/CHF continues to develop the upward trend and at the moment the pair is trading at 1.0041. It is worth waiting for an attempt to continue the growth of quotations of the pair USD/CHF in the area above the level of 1.0150. USD/CHF Forecast Swiss Franc on April 6, 2017 In favor of growth is a rebound from the broken support line on the indicator of relative strength. The cancellation of the growth variant of the Dollar Franc pair will lead to a fall and breakout of the area of 0.9980. Among…