Quotes of BRENT oil have broken through the lower limit of the Forex Triangle model and are currently testing the resistance area and have the potential to continue falling below the level of $ 50 per barrel. In favor of the option of continuing the decline in oil prices is a test of a broken trend line on the indicator of relative strength. BRENT Forecast oil prices on March 10, 2017 Abolition of the variant of falling quotations and oil prices could be a strong growth and breakdown of the region 54 dollars per barrel. Expect to accelerate the fall…
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.
Quotations of the currency pair USD JPY continue to move within the upward trend and at the moment the pair’s quotes have broken through the upper limit of the Triangle model, which indicates that growth continues to the level above the level of 118.00. It is necessary to expect a dense theta of the broken model boundary and the continued growth of the pair. USD/JPY Forecast Japanese Yen on March 10, 2017 We try to hold USD/JPY purchases and are ready to increase the volume of purchases as the upward trend in the pair develops. In favor of continuing the…
Currency Pair Australian Dollar to US Dollar AUD USD continues to move as part of a downward trend. At the moment, pair quotes are tightly testing the resistance area and there is a potential for continuing the fall into the lower boundary area of the rising channel. AUD/USD Forecast Australian Dollar on March 10, 2017 We continue to hold sales of the pair and try new deals in favor of the fall. The cancellation of the option may be a strong increase above the level of 0.7580, which indicates the continuation of the lower one. In favor of the fall,…
The currency pair pound dollar GBP USD continues to move within the downward trend, the pair quotes are testing the lower boundary of the descending channel, however, the breakdown of this region has not taken place yet. Do not exclude the attempt to correct the quotations in the area of 1.23, where again we should expect the continuation of the fall in the area below the level of 1.20. GBP/USD Forecast British Pound on March 10, 2017 In favor of the fall, the test of the downward trend line will appear dense on the indicator of relative strength. In the…
The currency pair Euro Dollar EUR USD continues to move within the framework of the Forex Triangle model, the pair quotes failed to penetrate the lower boundary of the model. Tomorrow is expected to publish the indicator NON-FARM PAYROLSS, you should expect the growth of volatility and potential breakdown of the lower boundary of the Triangle model, which indicates the continued decline. EUR/USD Forecast Euro Dollar on March 10, 2017 In favor of falling quotations of the euro the dollar is a test of the downward trend line on the indicator of relative strength, as well as the formation of…
The currency pair Euro Pound EUR GBP continues to move within the framework of the formation of the bearish Forex model of the Shark, which indicates a potential drop from the current levels to the lower boundary of the uplink at 0.8540. EUR/GBP Forecast Euro/Pound on March 9, 2017 Near the area of the lower boundary of the ascending channel, one should expect the completion of the formation of the bullish 5-0 model, which will indicate a potential rebound and the continuation of the euro’s pound quotations to the area above the level of 0.8750. In favor of the fall…
Currency pair Dollar Franc USD CHF continues to move within the tight test of the upper border of the downward channel, the breakdown of which will indicate the continuation of the growth of quotations in the area above the level of 1.0250. USD/CHF Forecast Swiss Franc on March 9, 2017 In favor of the variant of growth is the breakdown of the upper boundary of the Triangle model on the indicator of relative strength. We continue to keep buying a pair with a close stop-loss. The cancellation of the option will be the breakdown of the area 1.0020, which will…
Quotations of the currency pair New Zealand Dollar against the US Dollar NZD USD continue to move within the limits of the decline and at the moment the quotes have broken the lower boundary of the downward channel, which indicates a possible acceleration of the fall of quotations in the area below the level of 0.6850. We continue to hold sales of the pair and increase the volume of short positions. NZD/USD Forecast New Zealand Dollar on March 9, 2017 Cancellation of the variant of falling quotations will be a breakdown of the area of 0.7040, which will indicate a…
Quotes of Gold XAU USD continue to move within the limits of the decline due to the continued development of the Forex model wedge. The potential goal of the fall is the area of 1185. In favor of the option of continuing to fall from current levels, breakdown of the support line on the indicator of relative strength is in favor. XAU/USD Forecast Gold price on March 9, 2017 Abolition of the continuation of the fall may be a breakdown of the area 1220, which indicates the continuation of the development of an upward correction for Gold. XAU/USD Forecast Gold…
Currency pair Canadian dollar to US dollar USD CAD continues to move within a strong upward trend. At the moment, the quotes of the pair break through the upper limit of the Forex model, which indicates a potential acceleration of the pair’s quotations growth with a target above 1.3550 area. USD/CAD Forecast Canadian Dollar on March 9, 2017 In favor of the growth variant of the pair USD/CAD is a rebound from the support line on the indicator of relative strength, which also indicates the development of the upward movement. The cancellation of the variant of rapid growth may be…