The currency pair of the euro dollar EUR USD has completed the trading week at the level of 1.0735. The pair continues to trade within the framework of the Triangle forex model and is currently tightly testing the area of the upper boundary of the model, which indicates a possible rebound of quotations of the euro dollar in the region of the lower boundary of the model near the level of 1.0520. EUR/USD Forecast on March 20, 2017 — March 24, 2017 In favor of the option of continuing the fall of the pair EUR/USD is the test of the…
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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 dollar GBP USD finished the trading week at 1.2391. The pair continues to move within the downward trend and the potential remains to continue falling into the support area at 1.2020. The breakdown of this area will indicate the acceleration of the fall in quotations of the pound dollar with a view to reducing 1.15. GBP/USD Forecast on March 20, 2017 — March 24, 2017 In favor of the rebound option and the continuation of the fall, a downward trend line test will perform on the relative strength indicator. The cancellation of the option may be…
Quotes of BRENT oil finished the trading week at the level of 51.86 dollars per barrel. At the moment, oil continues to move within the downward trend, it is worth expecting a tight test of the broken resistance area and continuing the fall in the area below the level of $ 48 per barrel. Brent Forecast on March 20, 2017 — March 24, 2017 The breakdown of this area will indicate the continuation of the reduction in the region of the level of $ 42 per barrel as part of the development of the Forex Model Expanding Formation. Cancellation of…
Currency pair Australian Dollar to US dollar AUD USD finished the trading week at 0.7701. The pair is testing the upper bound of the Triangle model again, we should expect another attempt of rebound and fall of the pair into the support area near the level of 0.7520. AUD/USD Forecast on March 20, 2017 — March 24, 2017 Cancellation of the option will be a breakdown of the upper boundary of the Triangle model, indicating that growth will continue, but in case of growth above the 0.78 area there will be a potential for the formation of the downward Forex…
The currency pair is the Canadian dollar to the US dollar USD CAD has completed the trading week at 1.3345. The pair has gone into the development of correction and there are risks of seeing a tight test of the 1.3150 area as part of the formation of an inverted forex head and shoulders model that will indicate the continued growth of the pair with a target above area 1.38. USD/CAD Forecast on March 20, 2017 — March 24, 2017 In favor of the rebound pair will perform a test of the support line on the indicator of relative strength.…
Quotations of the currency pair USD JPY completed the trading week at 112.63. The pair went into the development of correction, but at the moment the quotation tightly tests the area of the lower border of the rising channel, which may indicate a potential rebound and continued growth of the pair in the area above the level of 118.50. USD/JPY Forecast on March 20, 2017 — March 24, 2017 In favor of the option of continuing the development of the bullish trend for the pair is a tight test of the upward trend line on the indicator of relative strength.…
Quotes of Gold XAU USD completed the trading week at 1228. Gold continues to trade as part of a downward trend. At the moment, we should expect a test of the upper boundary of the descending channel and the continuation of the fall with the breakdown of the region 1185 within the framework of the Forex model. The failed swing on the indicator of relative strength. XAU/USD Forecast on March 20, 2017 — March 24, 2017 The cancellation of the fall variant will be triggered by the breakdown of the upper border of the channel and the growth of XAU/USD…
Quotations of the currency pair New Zealand dollar against the US dollar NZD USD completed the trading week at 0.7012. The pair continues to trade in a downward trend. At the moment, the pair is testing the area of the upper boundary of the descending channel, from which it is expected to continue the decline in the area below the level of 0.6810. NZD/USD Forecast on March 20, 2017 — March 24, 2017 In the case of breakdown of the 0.71 area, there is a risk of seeing a tight test of the level of 0.72, where a downward trend…
The currency pair USD CHF finished the trading week at 0.9978. The pair tightly tests the area of the lower border of the rising channel, we should expect an attempt to rebound and continue the growth of the Dollar Frank pair into the region above the local maximum level. In favor of the development of an upward trend is a tight test of the support line on the indicator of relative strength. USD/CHF Forecast on March 20, 2017 — March 24, 2017 The cancellation of the option may be a breakdown of the area 0.99, which indicates the continuation of…
Currency pair Dollar Ruble USD RUB finished trading week at the level of 57.68 rubles per US dollar. It is likely that the pair is forming an inverted forex model of the Head and shoulders, which indicates the potential growth of the pair in the area above the level of 62 rubles per US dollar. USD/RUB Forecast on March 20, 2017 — March 24, 2017 In favor of the potential start of the pair’s growth, the Dollar Ruble is a breakdown of the downward trend line on the indicator of relative strength. By canceling the option, the growth of the…