Quotes of BRENT oil finished the trading week at the level of 51.05 dollars per barrel. Quotes of oil were able to break the lower boundary of the rising channel and at the moment we should expect an attempt to test the broken channel border and continue the decline to the nearest support area near the level of $ 45 per barrel. Brent Forecast on March 27, 2017 — March 31, 2017 Expect the acceleration of falling quotations and oil prices is with the breakdown of the local minimum area. In case of the beginning of the growth of quotations…
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.
Currency pair Australian dollar to US dollar AUD USD finished the trading week at the level of 0.7602. The pair was able to show a rebound from the upper limit of the Forex Triangle model and at the moment there is a potential for continuing the decline in the support area at the level of 0.75. The breakdown of this area will indicate that the pair’s quotations continue to fall in the area of the lower boundary of the Forex Triangle model at the level of 0.7150. AUD/USD Forecast on March 27, 2017 — March 31, 2017 In favor of…
The currency pair Canadian dollar to US dollar USD CAD finished the trading week at 1.3379. The pair continues to move within the upward channel and at the moment there is still potential for the pair to continue growing. The immediate goal of the development of the upward trend is the area at the level of 1.36, the breakdown of which will indicate the continuation of growth in the area above the level of 1.37. USD/CAD Forecast on March 27, 2017 — March 31, 2017 In favor of the beginning of growth of quotations of the pair USD/CAD in the…
Quotations of the currency pair US Dollar to Yen USD JPY completed the trading week at the level of 111.25. The pair has left the limits of the rising channel and at the moment there is a potential for continuing the decline of quotations in the area of 107.50. In favor of the likely fall of the pair, the Yen Dollar is the breakdown of the long-term trend line on the indicator of relative strength, which also indicates the completion of growth in a pair. USD/JPY Forecast on March 27, 2017 — March 31, 2017 However, we should not exclude…
Quotes of Gold XAU USD completed the trading week at 1244. Gold continues to test important areas of resistance and there is a potential for another decline in the area below the level of 1190. In favor of the decline is a tight test of the upper boundary of the downlink on the chart XAU/USD, and the test area Resistance on the indicator of relative strength. XAU/USD Forecast on March 27, 2017 — March 31, 2017 With the breakdown of the area 1190, we should expect the continuation of the fall in quotations and Gold prices in the area below…
Quotations of the currency pair New Zealand dollar against the US dollar NZD/USD finished the trading week at the level of 0.7025. The pair has left the limits of the rising channel and at the moment there is a potential for continuing falling of quotes of the pair in the area below the level of 0.6650. However, one should not exclude a tight test of the broken edge of the ascending channel, after which it is again possible to consider the continuation of the decrease. NZD/USD Forecast on March 27, 2017 — March 31, 2017 Expect to accelerate the fall…
The currency pair US Dollar Swiss Franc USD CHF finished the trading week at 0.9911. The pair is testing an important support area, the breakdown of which can send the pair into the area below the level of 0.9650. At the moment, we should expect an attempt to rebound the quotations of the Dollar Frank pair in the area above the level of 1.0150. USD/CHF Forecast on March 27, 2017 — March 31, 2017 In favor of the growth of the pair is a tight test of the upward trend line on the indicator of relative strength, which also indicates…
Currency pair Dollar Ruble USD RUB finished the trading week at the level of 57.08 rubles per US dollar. The pair continues to trade in a downward trend. Quotations of the Dollar Ruble pair failed to break the downward trend line, which indicates the strength of this trend, talk about the pair’s reversal is only with the breakdown of this line. USD/RUB Forecast on March 27, 2017 — March 31, 2017 At the current time, there are risks to see the continuation of the decline in the area below the level of 55 rubles per dollar, where a test of…
The Currency pair Australian dollar US dollar AUD/USD is trading at the level of 0.76209. The pair is trading below the moving average with a period of 55, indicating a bearish trend for the pair Australian Dollar. At the moment, the pair’s quotes are traded near the lower area of the Bollinger Bands indicator bars. It is worth waiting for an attempt to grow and test the middle border of the bands, where again we should expect an attempt to continue the decline with the first goal near the level of 0.7560. Bollinger Bands forecast AUD/USD on March 27, 2017…
The Currency pair Euro Dollar EUR/USD is trading at 1.0797. The pair continues to move above the moving average with a period of 55, which indicates the existence of a bullish trend for the euro dollar. At the moment, quotes of the pair test the upper boundary of the bands of the indicator Bollinger Bands. It is worth waiting for an attempt to lower and test the lower border of the bands, where again we should expect an attempt to continue growth with the first goal near the level of 1.0855. Bollinger Bands forecast EUR/USD on March 27, 2017 The…