Quotations of the currency pair USD JPY completed the trading week at 114.71. The pair continues to move within the ascending channel. The pair left the Triangle and the potential for continuing the growth of quotations in the area above the level of 118.50 remains. It is worth expecting a tight test of the broken model boundary and the continued growth. USD/JPY Forecast on March 13, 2017 — March 17, 2017 In favor of the option of continuing the development of the bullish trend is a rebound from the trend line on the indicator of relative strength. The cancellation of…
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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 is the Canadian dollar to the US dollar USD CAD finished the trading week at 1.3465. The pair showed strong growth as part of the development of the rising wave model of Wolfe. At the moment, the potential for continuing the growth of the pair’s quotations to the upper boundary of the downward channel at the level of 1.3750 remains. USD/CAD Forecast on March 13, 2017 — March 17, 2017 In favor of continuing the growth, a dense test of the broken trend line will appear on the indicator of relative strength, which indicates the presence of…
Currency pair Australian Dollar to US dollar AUD USD finished the trading week at the level of 0.7539. The pair continues to move within the framework of the Forex Triangle model and at the moment the potential for continuing the fall of the pair to the lower boundary area at the level of 0.7160 remains. However, the first target of the decline on the pair is the area at the level of 0.7360. AUD/USD Forecast on March 13, 2017 — March 17, 2017 In favor of continuing the decline is also the lack of a support area on the indicator…
Quotes of BRENT oil finished the trading week at the level of 51.47 dollars per barrel. Quotes of oil left the limits of the Forex Triangle model, which indicates a potential continuation of the fall in the area of the lower border of the rising channel near the region of $ 47 per barrel. Breakdown of this area will indicate the acceleration of the decline in the area below the level of $ 45 per barrel. BRENT Forecast on March 13, 2017 — March 17, 2017 In favor of the option of decline is the breakdown of the upward trend…
The currency pair pound dollar GBP USD finished the trading week at 1.2160. The pair continues to decline in line with expectations and at the moment there is still potential for continuing the decline of the pound against the dollar with the first drop target at 1.21, the breakdown of which will indicate the continuation of the fall into the area below the level of 1.14. GBP/USD Forecast on March 13, 2017 — March 17, 2017 In favor of the option of continuing the decline, act as a breakdown of the trend line on the indicator of relative strength. However,…
The currency pair EUR/USD closed the trading week at the level of 1.0671. Quotations of the pair were able to show growth even despite good data on US unemployment. The euro dollar continues to trade within the Triangle model, as well as within the downward channel. In the current trading week, one should expect an attempt to test the upper boundary of the channel and continue falling with the aim of decreasing at the level of 1.0550, the breakdown of this region will indicate the acceleration of the decline with the potential target at the level of 1.0350. EUR/USD Forecast…
The currency pair Pound Dollar GBP USD continues to move within a strong downward trend, the pound is still looking weak. At the moment, quotes are testing the upper limit of the downward channel and the potential for continuing the fall of quotes of the pound dollar to the area below the level of 1.21 remains. In favor of the continuation of the decline is a tight test of the downward trend line on the indicator of relative strength. GBP/USD Forecast Pound Dollar on March 13, 2017 The abolition of the fall of the pound dollar will be a breakdown…
The currency pair EUR USD went into the development of the upward trend after the publication of the indicator Nonfarm Payrolls, but at the moment there remains the potential for falling quotations of the euro dollar as part of the development of the downward wave model of Wolf. In favor of the variant of the drop from the level of 1.0650 is the resistance area test on the indicator of relative strength. EUR/USD Forecast Euro Dollar on March 13, 2017 The goal of reducing and working out the model is the area at the level below 1.0470. The abolition of…
Quotes of BRENT crude oil continue to move in a downward trend. However, at the moment there is a potential for the growth of oil quotations in the upper border of the downward channel at the level of 53.50, where again it is expected to fall quotations in the area below the level of $ 50 per barrel. Analysis and BRENT oil price forecast on March 13, 2017 Abolition of the variant of the continuation of the fall in oil quotations will be the breakdown of the upper boundary of the descending channel with the closing of quotations of oil…
Quotations of the Dollar Yen USD JPY continue to move within the framework of growth due to the breakdown of the upper limit of the Triangle model. At the moment, there are risks of development of correction with a dense test of the broken model boundary, after which it is necessary to expect the growth of quotations of the Dollar Yen pair with the aim above the area of 116.50. USD/JPY Forecast Japanese Yen on March 13, 2017 In favor of continuation of the pair USD/JPY growth will test the upward trend line on the indicator of relative strength. The…