Author: forex24pro

Quotes of BRENT crude oil continue to move within the lateral trend. At this point, there is potential for the formation of the reversal forex head and shoulders models, for this it is important to see the test area 56.20, where one should expect the completion of the formation of the right shoulder of the Forex model. Analysis and Forecast Bent oil prices on March 9, 2017 Already from the level of 56.20 dollars per barrel, it was worth trying to sell and expect the beginning of the fall of quotations in the area below the level of $ 55…

Quotations of the currency pair USD JPY continue to move within the framework of the Forex Triangle model and at the moment there is still potential for breakdown of the upper limit and continuation of the upward trend development along with a potential growth target above the 118.00 area. USD/JPY Forecast Japanese Yen on March 9, 2017 In favor of the rebound from current levels is the support area test, which indicates a probable growth already from the current levels. We try to keep buying a pair with a close stop-loss. The cancellation of the variant of growth may be…

Currency Pair Australian Dollar against US Dollar AUD USD continues to move in a downgrade, pair quotes were able to push off the resistance area and there is a potential for continuing the fall with the first target at 0.7520. The breakdown of this area will indicate the continuation of a decrease to the area of the lower border of the uplink at the level of 0.74. AUD/USD Forecast Australian dollar on March 9, 2017 We continue to hold sales of the pair and increase sales as the decline in quotations develops. The cancellation of the fall option will be…

The currency pair Pound Dollar GBP USD continues to move within a strong downward trend. At the moment, quotes of the pair break through the lower boundary of the descending channel, with a breakdown which is expected to accelerate the fall in the area below the level of 1.20. In favor of the variant of the drop is a rebound from the broken trend line on the indicator of relative strength. GBP/USD Forecast Pound/Dollar on March 9, 2017 By canceling the variant of falling quotations, the pound dollar will break the upper border of the descending channel with the closing…

The currency pair euro dollar EUR USD continues to move within the framework of the formation of the Forex Triangle model. At the moment, you should not look for an attempt to test the lower boundary of the model near the area of 1.05. EUR/USD Forecast Euro/Dollar on March 9, 2017 A break of this level will indicate the continuation of the fall into the area below 1.0350. In favor of the fall option, breakdown of the upward trend line on the relative strength indicator will perform. We continue to increase sales and are ready to try new sales with…

Trading signals Japanese Yen USD/JPY on March 9, 2017 Purchase at the current price (113.94), StopLoss set for 113.50, the target of growth is 115.00. Trading signals Euro Dollar EUR/USD on March 9, 2017 Purchase at the current price (1.0556), StopLoss is set for 1.0525, the target of growth is 1.0660. Trading signals British Pound GBP/USD on March 9, 2017 Buy from the level of 1.2083, StopLoss set for 1.1980, the target of growth is 1.2300.

The currency pair EUR USD continues to repulse from the resistance area near the level of 1.0620. At the moment, we should expect the continuation of the fall in the support area at the level of 1.05. The breakdown of this area will indicate the continuation of the decline to the level of 1.0350. EUR/USD Forecast on March 8, 2017 In favor of the continuation of the fall of quotations of the euro, the dollar will break through the upward trend line on the indicator of relative strength. We continue to hold sales of the pair EUR/USD and try to…

The currency pair pound dollar GBP USD continues to move within the descending channel and at the moment quotations tightly test the lower border of the channel. It is worth waiting for an attempt to rebound quotes in the area above the level of 1.23. However, the breakdown of this boundary will indicate the acceleration of the fall of quotations of the pound dollar in the area below the level of 1.20. GBP/USD Forecast Pound Dollar on March 8, 2017 In favor of continuing the decline is a rebound from a broken trend line on the indicator of relative strength.…

Currency pair Australian Dollar to US Dollar AUD USD continues to move within the correction, but the potential for a fall remains. At this point, the pair is pushing away from the resistance area and forming a reversal forex head and shoulders model, indicating a fall in the area below the level of 0.7550. AUD/USD Forecast Australian Dollar on March 8, 2017 In favor of continuing the decline is the test of the downward trend line on the indicator of relative strength. The cancellation of the fall option can be one hundred strong growth and breakdown of the area of…

Quotations of the USD JPY continue to move within the framework of the Forex Triangle model. At the moment, the potential for breaking the upper boundary of the Triangle model remains, in this case Fiat is trying to continue the growth of quotations in the area above the level of 118. USD/JPY Forecast Dollar Yen on March 8, 2017 We are trying to buy the pair of Yen Dollar from the support area. In the event of a breakdown in this area, you should expect a tight test at level 112.60, where you can again try to buy a pair…