Currency pair EUR USD continues to move in the forex reversal patterns and head and shoulders at the moment the quotes struck the area of the neckline, we should expect an attempt to test the breached border and continue to fall below the level of 1.05. EUR USD Forex Forecast on January 31, 2017 In favor of a continuation of falling of euro dollar quotes appears rebound relative strength indicator values from the resistance line. Cancellation option will drop the pair quotes strong growth above the level of 1.0750, which points to continued growth in the region of 1.0850. Among…
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 pound dollar GBP USD continues to move within the framework of the descending pattern forex Wolfe waves with a potential target of the fall to a level below 1.22 area. In favor of a continuation of falling of quotations of the pound against the US dollar in favor breakdown uptrend line on the indicator of relative strength, which points to the breakdown of the area 1.21 closing price. GBP USD forex forecast on January 31, 2017 We try aggressive sales pound with a close stop and are ready to increase the volume of sales with a decrease in…
Quotes BRENT crude oil continues to move in the form of forex triangle patterns, and now eats the potential for the breakdown of the lower boundary of the model, due to the dense dough punched trend line on the indicator of relative strength. BRENT forecast oil prices on January 31, 2017 The immediate goal of reduction of quotations and the price of oil is the area at a level below 54 dollars per barrel. With the breakdown of the level of 54, is expected to continue to decline at the level of $ 50. Cancellation option will be a breakdown…
Trading Signals British pound GBP/USD on January 30, 2017 Buying on the level of 1.2490, StopLoss set for 1.2460, 1.2650 growth target. Euro Trading signals EUR/USD on January 30, 2017 Buying at the current price (1.0696), StopLoss set for 1.0650, 1.0770 growth target. Trading Signals New Zealand dollar NZD/USD on January 30, 2017 Buying at the current price (0.7543), StopLoss set for 0.7500, 0.7600 growth target.
Currency pair USD CHF Franc dollar closed the week at 0.9988. The pair continues to test the support area that indicate the potential for a rebound and continued growth of quotations in the next resistance area at 1.0220. In favor of a rise in quotations USD/CHF testing the rising trend line on the indicator of relative strength. USD CHF forecast on January 30, 2017 — February 3, 2017 Cancellation option will drop the growth area of 0.99 and a break that will point to the continued decline in the area below the level of 0.9665. Among the important news from…
Quotes of the currency pair New Zealand dollar against the US dollar NZD USD finished the trading week at 0.7261. The pair tested the downward trend line on a chart, and there are also test the resistance line on the indicator of relative strength. Technical analysis NZD/USD on January 30, 2017 — February 3, 2017 We should expect a rebound attempt and the beginning of the fall of the NZD/USD quotes in the area at the level of 0.7050. Cancellation option will be the reduction of quotations strong growth above the level of 0.73, which points to the breakdown of…
Quotes Gold XAU USD ended the trading week at 1190. Gold prices could push off from the upper boundary of the descending channel and currently retained potential for further price declines in the region below the local minimum. XAU USD forecast Gold on January 30, 2017 — February 3, 2017 Cancellation option will be a strong growth of quotations XAU/USD above the level of 1220 will indicate that the continuation of prices growth of gold in the area above the level of 1250. But do not rule out attempts to form a reversal pattern Forex failure swing on the indicator…
The currency pair Canadian dollar against the US dollar USD CAD finished the trading week at 1.3150. Couple again testing the lower boundary of the rising channel, and at the beginning of the new trading week, we should expect a rebound attempt and continued growth of the Canadian dollar quotations in the area above the level of 1.34. USD CAD Forecast on January 30, 2017 — February 3, 2017 In favor of a growth in USD/CAD quotes favor the formation of forex model failure swing on the indicator of relative strength. The next upside target is the area at a…
Currency pair Australian dollar against the US dollar AUD USD closed the week at 0.7544. A pair of tight treats as the downtrend line on the chart, and the Relative Strength indicator, which indicates a potential attempt to rebound and fall to below 0.73. Forex Forecast AUD USD on January 30, 2017 — February 3, 2017 Cancellation option of falling Australian dollar quotations could be a strong growth above the level of 0.76, which points to continued growth in the region of a local maximum. An additional signal in favor of formation of topping forex head and shoulders pattern on…
Quotes BRENT crude oil ended the trading week at $ 55.63 a barrel. Currently quotes continues to move through forex triangle patterns. In favor of a decline in oil prices and the breakdown of the lower border model serves the rebound from the resistance line on the indicator of relative strength. Forecast oil prices on January 30, 2017 — February 3, 2017 The immediate goal of the fall is the area at the level of 54 dollars per barrel, which breakdown is expected to continue falling below $ 50 a barrel. Cancellation option will break the upper limit model that…