The currency pair EUR/JPY is trading at 121.66. The pair continues to trade above the moving average with a period of 55, which indicates the continuation of the upward trend in the pair. At the moment, quotes were able to push away from the lower border of the Bollinger Bands indicator bars, which suggests that the growth will continue to the area above the level of 123.00. Bollinger Bands forecast EUR/JPY on March 16, 2017 Breakdown of the upper boundary of the indicators of the Bollinger Bands indicator will indicate the acceleration of the growth of the pair. The abolition…
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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 Pound Franc GBP/CHF is trading at 1.2290. The pair continues to trade below the level of the moving average with a period of 55, which indicates the continuation of the downward trend in the pair. At the moment, quotes of Pound Frank have pushed off the upper border of the Bollinger Bands indicator bars, which implies a drop to the area below the level of 1.2190. Bollinger Bands forecast GBP/CHF on March 16, 2017 The cancellation of the variant of the fall in quotations will be the breakdown of the area of 1.2360, which will indicate a…
Currency pair Dollar Franc USD CHF continues to move within the downward channel, the pair quotes have not yet been able to break the upper limit, which would indicate the continuation of the upward trend development with the target above the level of 1.0250. At the moment, there are risks to see a tight test of the lower border of the uplink near the level of 1.0060, from which one should expect a rebound and another attempt to breakdown the local maximum area. USD/CHF Forecast Swiss Franc on March 16, 2017 In favor of the growth option is the formation…
Quotations of the currency pair New Zealand Dollar against the US Dollar NZD USD continue to move within the descending channel. At the moment, there is potential for an attempt to rebound from the resistance area and continue falling into the area below the level of 0.6850. NZD/USD Forecast New Zealand Dollar on March 16, 2017 In favor of the decline is the test of the downward trend line on the indicator of relative strength. Canceling the option will break the trend line on the indicator of relative strength, which indicates the continuation of dew to the upper boundary of…
Quotes of Gold XAU USD continue to move within the development of correction. At this point, we should expect a tight test of the resistance area near the level of 1220 as part of the Forex model development. The failed swing on the indicator of relative strength. XAU/USD Forecast Gold price on March 16, 2017 Near the resistance level, one should expect an attempt to rebound and fall Gold quotations to the area below 1185. The cancellation of the option may be a strong increase in the price of Gold for the breakdown of the 1235 area, which will indicate…
Currency pair Canadian dollar to US dollar USD CAD continues to move within the upward channel and the bullish 1:1 model, which indicates a potential rebound from the lower boundary and the continuation of growth to the area above the level of 1.3550. USD/CAD Forecast Canadian Dollar on March 16, 2017 In favor of the variant of growth is the test of the ascending trend line on the indicator of relative strength. The cancellation of the growth option for the USD/CAD pair will be the breakdown of the 1.3420 area, which will indicate the outflow and the attempt to fall…
Quotes of BRENT oil continue to move within the downward trend, at the moment we should expect a tight test of the upper limit of the downward channel and the continued decline in quotations and oil prices in the region below the level of $ 50 per barrel. BRENT oil price forecast on March 16, 2017 In favor of the continuation of the fall, a dense test of the descending line of the trend will appear on the indicator of relative strength. Cancellation of the variant of falling quotations and prices will break through the upper limit of the descending…
Quotations of the Dollar Yen USD JPY continue to move outside the Triangle model, which indicates a potential continuation of the pair’s price growth in the area above the level of 118.00. In favor of the variant, the continuation of growth is the test of the ascending trend line on the indicator of relative strength. USD/JPY Forecast Forex on March 16, 2017 The cancellation of the option continued the growth of quotations of the pair The Yen Dollar will break through the area of 114.00, which will indicate the continuation of the decline in the area below 112.60. Among the…
Currency pair Australian Dollar to US Dollar AUD USD continues the attempt of correction development, quotes have broken the upper boundary of the downward channel and at the moment with the breakdown of the area 0.7610 it is expected to accelerate the growth of quotations to the area above the level of 0.7660. AUD/USD Forecast Australian Dollar on March 16, 2017 However, for the time being, while the relative strength indicator values are testing the downward trend line, we should expect an attempt to fall below the level of 0.7500. However, in case of breakdown of the resistance area, it…
The currency pair pound dollar GBP USD continues to move within the downward channel, quotes were able to push off the lower border of the channel, however, the risks of falling remain due to the downward trend test on the relative strength indicator. GBP/USD Forecast Pound Dollar on March 16, 2017 The cancellation of the variant of falling quotations of the pound-dollar pair will be a breakdown of the area of 1.23, which will indicate the continuation of growth in the upper-bounds of the downward channel near the level of 1.2440. Expect to accelerate the fall of the pair is…