Author: forex24pro

Currency pair Canadian dollar to US dollar USD CAD continues to move within the upward channel. At the moment, we should expect a tight test of the lower border of the channel and the continuation of growth in the area above the level of 1.36. In favor of continuing the development of the upward trend is a tight test of the upward trend line on the indicator of relative strength. USD/CAD Forecast Canadian Dollar on March 14, 2017 We continue to hold the pair’s purchases and are ready to increase the volume of long positions as the upward trend develops.…

Quotes of BRENT crude oil continue to move in a downward trend and at the moment quotes are close to the support area near the level of $ 50 per barrel. At this point, we should expect an attempt to correct the quotations of oil in the upper boundary of the descending channel and continue the decline with the breakdown of the level of $ 50 per barrel. Analysis and BRENT forecast oil prices on March 14, 2017 In favor of continuing falling quotations and oil prices is a test of a broken support line on the indicator of relative…

Quotations of the USD JPY continue to move within the start of the Forex Triangle Triangle. At the moment, there is the potential for a tight test of the broken model boundary, from which one should expect a rebound and the continued growth of the pair of Yen Dollar pairings with a potential growth target above the 118.00 area. USD/JPY Forecast Japanese Yen on March 14, 2017 In favor of the option growth is a test of a fast trend line on the indicator of relative strength. The cancellation of the option of continuing the growth of the USD/JPY pair…

Currency pair Australian Dollar to US Dollar AUD USD continues to move within the correction, but the potential for continued decline remains. In favor of the decline is a tight test of the downward trend line on the indicator of relative strength, as well as the proximity of the resistance area on the price chart. AUD/USD Forecast Australian Dollar on March 14, 2017 The cancellation of the variant of falling of quotations of the Australian dollar will be performed by the breakdown of the area of 0.7650, which will indicate the continuation of the development of the upward correction in…

The currency pair pound dollar GBP USD continues to move within the descending channel, however, while the pair could not break through the lower boundary area, we should expect an attempt to rebound the quotes to the 1.23 area. In favor of falling quotes from the level of 1.23 will come a close test of the downward trend line on the indicator of relative strength. GBP/USD Forecast Pound Dollar on March 14, 2017 Expect to accelerate the fall of quotations of the pair GBP pound stands with the breakdown of the lower boundary of the channel, which indicates the continuation…

The currency pair Euro Dollar EUR USD continues the development of the upward correction. However, while the pair is trading within the framework of the Forex Triangle model, one should expect an attempt to drop the euro dollar. The values of the relative strength indicator are traded at critical levels, which indicates an early fall of the pair with the first target near the level of 1.0650. EUR/USD Forecast Euro Dollar on March 14, 2017 In favor of the fall of the euro, the dollar is also indicated by a test of the breached border of the rising channel. The…

Trading signals New Zealand Dollar NZD/USD on March 13, 2017 Buy from the level (0.6921), StopLoss set for 0.6905, the target of growth is 0.6950. Trading signals Euro Dollar EUR/USD on March 13, 2017 Sale at the current price (1.0705), StopLoss is set for 1.1.0730, the target of the fall is 1.0530. Trading signals Australian dollar AUD/USD on March 13, 2017 Sale at the current price (0.7578), StopLoss set for 0.7590, the target of the fall is 0.7522.

The currency pair USD/CHF finished the trading week at the level of 1.0105. The pair continues to trade within the upward trend, however, there is also a descending channel line that puts pressure on the pair. In favor of the option of continuing the development of the bullish trend for the Dollar Frank pair is the breakdown of the trend line on the indicator of relative strength, which indicates a potential test of the local maximum level. USD/CHF Forecast on March 13, 2017 — March 17, 2017 The cancellation of the pair growth option will result in a fall and…

Quotations of the New Zealand dollar currency pair against the US dollar NZD USD completed the trading week at 0.6920. The pair showed a strong decline and at the moment has come close to the level of support, the breakdown of which will indicate the acceleration of the pair’s decline. NZD/USD Forecast on March 13, 2017 — March 17, 2017 At the moment, we expect the correction of quotations within the test of the broken trend line on the relative strength indicator, where again we should expect the NZD/USD to continue falling to the area of 0.6830, the breakdown of…

Quotes of Gold XAU USD completed the trading week at 1204. Gold continues to decline and currently has the potential for breakdown of the 1185 area by closing prices in the next trading week as part of the completion of the Forex model. XAU/USD Forecast Gold on March 13, 2017 — March 17, 2017 The failed swing on the indicator of relative strength. However, we should not exclude the test of the resistance area at the level of 1225, where again we should expect the acceleration of the fall to the area of 1185. The breakdown of the region 1185…