The currency pair USD/CHF finished the trading week at the level of 1.0105. The pair continues to trade within the upward trend, however, there is also a descending channel line that puts pressure on the pair. In favor of the option of continuing the development of the bullish trend for the Dollar Frank pair is the breakdown of the trend line on the indicator of relative strength, which indicates a potential test of the local maximum level. USD/CHF Forecast on March 13, 2017 — March 17, 2017 The cancellation of the pair growth option will result in a fall and…
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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.
Quotations of the New Zealand dollar currency pair against the US dollar NZD USD completed the trading week at 0.6920. The pair showed a strong decline and at the moment has come close to the level of support, the breakdown of which will indicate the acceleration of the pair’s decline. NZD/USD Forecast on March 13, 2017 — March 17, 2017 At the moment, we expect the correction of quotations within the test of the broken trend line on the relative strength indicator, where again we should expect the NZD/USD to continue falling to the area of 0.6830, the breakdown of…
Quotes of Gold XAU USD completed the trading week at 1204. Gold continues to decline and currently has the potential for breakdown of the 1185 area by closing prices in the next trading week as part of the completion of the Forex model. XAU/USD Forecast Gold on March 13, 2017 — March 17, 2017 The failed swing on the indicator of relative strength. However, we should not exclude the test of the resistance area at the level of 1225, where again we should expect the acceleration of the fall to the area of 1185. The breakdown of the region 1185…
Quotations of the currency pair USD JPY completed the trading week at 114.71. The pair continues to move within the ascending channel. The pair left the Triangle and the potential for continuing the growth of quotations in the area above the level of 118.50 remains. It is worth expecting a tight test of the broken model boundary and the continued growth. USD/JPY Forecast on March 13, 2017 — March 17, 2017 In favor of the option of continuing the development of the bullish trend is a rebound from the trend line on the indicator of relative strength. The cancellation of…
The currency pair is the Canadian dollar to the US dollar USD CAD finished the trading week at 1.3465. The pair showed strong growth as part of the development of the rising wave model of Wolfe. At the moment, the potential for continuing the growth of the pair’s quotations to the upper boundary of the downward channel at the level of 1.3750 remains. USD/CAD Forecast on March 13, 2017 — March 17, 2017 In favor of continuing the growth, a dense test of the broken trend line will appear on the indicator of relative strength, which indicates the presence of…
Currency pair Australian Dollar to US dollar AUD USD finished the trading week at the level of 0.7539. The pair continues to move within the framework of the Forex Triangle model and at the moment the potential for continuing the fall of the pair to the lower boundary area at the level of 0.7160 remains. However, the first target of the decline on the pair is the area at the level of 0.7360. AUD/USD Forecast on March 13, 2017 — March 17, 2017 In favor of continuing the decline is also the lack of a support area on the indicator…
Quotes of BRENT oil finished the trading week at the level of 51.47 dollars per barrel. Quotes of oil left the limits of the Forex Triangle model, which indicates a potential continuation of the fall in the area of the lower border of the rising channel near the region of $ 47 per barrel. Breakdown of this area will indicate the acceleration of the decline in the area below the level of $ 45 per barrel. BRENT Forecast on March 13, 2017 — March 17, 2017 In favor of the option of decline is the breakdown of the upward trend…
The currency pair pound dollar GBP USD finished the trading week at 1.2160. The pair continues to decline in line with expectations and at the moment there is still potential for continuing the decline of the pound against the dollar with the first drop target at 1.21, the breakdown of which will indicate the continuation of the fall into the area below the level of 1.14. GBP/USD Forecast on March 13, 2017 — March 17, 2017 In favor of the option of continuing the decline, act as a breakdown of the trend line on the indicator of relative strength. However,…
The currency pair EUR/USD closed the trading week at the level of 1.0671. Quotations of the pair were able to show growth even despite good data on US unemployment. The euro dollar continues to trade within the Triangle model, as well as within the downward channel. In the current trading week, one should expect an attempt to test the upper boundary of the channel and continue falling with the aim of decreasing at the level of 1.0550, the breakdown of this region will indicate the acceleration of the decline with the potential target at the level of 1.0350. EUR/USD Forecast…
The currency pair Pound Dollar GBP USD continues to move within a strong downward trend, the pound is still looking weak. At the moment, quotes are testing the upper limit of the downward channel and the potential for continuing the fall of quotes of the pound dollar to the area below the level of 1.21 remains. In favor of the continuation of the decline is a tight test of the downward trend line on the indicator of relative strength. GBP/USD Forecast Pound Dollar on March 13, 2017 The abolition of the fall of the pound dollar will be a breakdown…