Quotes BRENT crude oil continues to move in the lateral trend and at the moment quotes are testing a major support line, the breakdown of which points to the continuation of the decline from the first target at the level of 53 dollars per barrel. In favor of a lowering of quotations and oil prices testing the rapid downward trend line on the indicator of relative strength. Analysis and forecast oil prices BRENT on March 7, 2017 Cancellation option will drop BRENT quotations breakdown region of the upper border of lateral movement that will point to the continued growth 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.
Quotes Dollar Yen currency pair USD JPY continues to move in the form of forex model Triangle and at the moment the pair is testing the support area. We should expect the attempt to rebound from this level and the pair outside the model triangle that points to the continued growth of quotations pair Dollar Yen. USD/JPY Forecast Yen Dollar on March 7, 2017 In favor of a growth in the push test rising trendline on the Relative Strength Indicator. In the case of the breakdown region 113.40 worth pressed reduction pair quotes at 112.65 area, where once again we…
Currency pair Australian Dollar US Dollar AUD USD continues to move in the downward trend. Currently quotes pair AUD/USD testing resistance area, and there are risks to see continued declines in the region of the rising channel’s lower border region near 0.74. AUD/USD Forecast Forex on March 7, 2017 In favor of the version of the fall of acts of resistance test on the indicator of relative strength. cancellation drop option may be sample area of 0.76, which indicates a potential test of the next resistance level near 0.7670 area. We try to keep a pair of sales and open…
Currency pair pound dollar GBP USD continues to move through loss. Currently quotes are very close to the lower boundary of the descending channel, we should expect this area and try to rebound above 1.23 level test. Break the bottom of the channel will indicate an acceleration of decrease in pair of quotes for the purpose of falling below the level of 1.2080. GBP/USD Forecast Pound Dollar on March 7, 2017 In the case of the pound quotations correction is to wait for the test downward trend line on the indicator of the relative strength and once again consider selling…
Currency pair EUR USD showed a strong rebound from the support area 1.05. Only the breakdown of this level will indicate the continuation of decline in the euro. At the moment, the value of the relative strength indicator again repelled by the descending trend line, indicating that the attempt of the next fall of the euro against the US dollar with the first target at the level of 1.05. EUR/USD Forecast Euro Dollar on March 7, 2017 Cancellation option can be a breakdown 1.0650 area, which point to continued growth in EUR/USD in the area of the upper limit of…
Currency pair EUR USD closed the week at 1.0620. The pair could not break the important support level 1.05, which would indicate a continuation of decline in the euro. At the moment, the pair continues moving inside the descending channel and remain potential to continue until the fall of the euro is not the dollar quotes struck the upper boundary of the channel. EUR/USD Forecast on March 6, 2017 — March 10, 2017 In favor of the continuation of falling of quotations EUR/USD breached the push test of the trend line on the indicator of relative strength. The current structure…
Currency pair pound dollar GBP USD closed the week at 1.2291. The pair continues to trade within the downward trend and currently retained potential for further reduction of quotations pound dollar. In favor of the fall version appears breakdown ascending trend line on the indicator of relative strength. We should expect the attempt to re-test the line and rebound and lowering quotes GBP/USD. GBP/USD Forecast on March 6, 2017 — March 10, 2017 The immediate goal of the fall is the area at the level of 1.2050, this field sample points to continued decline in the area of a local…
Quotes BRENT crude oil ended the trading week at $ 55.87 a barrel. Oil continues to trade in a model triangle and we can expect another attempt to test the upper boundary and early fall. With the breakdown of the lower boundary of the triangle pattern we can expect acceleration of falling oil quotations to below $ 50 per barrel. BRENT Forecast on March 6, 2017 — March 10, 2017 In favor of the version of the fall of quotations and the price of oil will make a tight test of the descending trend line on the indicator of relative…
Currency pair Australian dollar against the US dollar AUD USD closed the week at 0.7593. The pair was able to show the fall in the rebound from the top of the forex triangle patterns. Currently retained potential for further pair of quotes fall to the lower boundary of the rising channel near the area of 0.7420, this field sample points to continued decline in the area of the lower border triangle forex pattern at a level below the area of 0.7150. AUD/USD Forecast on March 6, 2017 — March 10, 2017 However, the pair is testing the support area, and…
The currency pair Canadian dollar against the US dollar USD CAD finished the trading week at 1.3373. The pair showed strong growth within the mining bullish wave Wolf, however, a potential target of the growth is the area above the level of 1.36. At the moment quotes are testing the resistance area, and there are risks to see a correction USD/CAD quotes to 1.33, where again we can expect attempts of growth. USD/CAD Forecast on March 6, 2017 — March 10, 2017 In favor of a growth in the Canadian dollar quotations of the push test a broken trend line…