The currency pair pound dollar GBP USD continues to move within the descending channel and at the moment quotations tightly test the lower border of the channel. It is worth waiting for an attempt to rebound quotes in the area above the level of 1.23. However, the breakdown of this boundary will indicate the acceleration of the fall of quotations of the pound dollar in the area below the level of 1.20. GBP/USD Forecast Pound Dollar on March 8, 2017 In favor of continuing the decline is a rebound from a broken trend line on the indicator of relative strength.…
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 continues to move within the correction, but the potential for a fall remains. At this point, the pair is pushing away from the resistance area and forming a reversal forex head and shoulders model, indicating a fall in the area below the level of 0.7550. AUD/USD Forecast Australian Dollar on March 8, 2017 In favor of continuing the decline is the test of the downward trend line on the indicator of relative strength. The cancellation of the fall option can be one hundred strong growth and breakdown of the area of…
Quotations of the USD JPY continue to move within the framework of the Forex Triangle model. At the moment, the potential for breaking the upper boundary of the Triangle model remains, in this case Fiat is trying to continue the growth of quotations in the area above the level of 118. USD/JPY Forecast Dollar Yen on March 8, 2017 We are trying to buy the pair of Yen Dollar from the support area. In the event of a breakdown in this area, you should expect a tight test at level 112.60, where you can again try to buy a pair…
Currency pair Canadian dollar to US dollar USD CAD continues to move within the upward trend. At the moment, the pair is forming the Forex model, the breakdown of which will indicate the continued growth in the area above the level of 1.35. In favor of the option of continuing the growth of quotations is a tight test of the support line on the indicator of relative strength. USD/CAD Forecast Canadian Dollar on March 8, 2017 The cancellation of the growth variant of the breakdown of the region of 1.3360, which will indicate the continuation of the decrease in the…
Quotes of Gold XAU USD continue to move within the limits of the decline, but at the moment there is a potential for an attempt of correction to the area of 1245 as part of the completion of the Forex model of the Head and Shoulders. XAU/USD Forecast on March 8, 2017 At the same time, we should not exclude the attempt to fall from the current levels due to the test of the broken trend line on the indicator of relative strength. The potential target of the decline is the area on the level below the area of 1185.…
Quotations of the currency pair New Zealand Dollar against the US Dollar NZD USD continue to move within the limits of the decline and at the moment the quotes have broken the lower boundary of the descending channel, which indicates the potential acceleration of the NZD/USD fall. NZD/USD Forecast on March 8, 2017 The purpose of the fall is the area at a level below 0.6850. In favor of continuing the decline in quotes of the pair is a test of a broken trend line on the indicator of relative strength. We continue to try to sell the pair and…
The currency pair dollar franc USD CHF continues to move within the framework of growth and at the moment the pair quotes broke the upper limit of the Forex Triangle model, which indicates that the pair’s quotes continue to rise above 1.0250. In favor of continuing the growth of quotations of the pair, perform a breakdown of the downward trend line on the indicator of relative strength. USD/CHF Forecast on March 8, 2017. Technical Analysis We continue to hold purchases of the Dollar Franc pair and try to increase the volume of purchases. The cancellation of the option will be…
Quotes of WTI oil are traded at the level of 53.46 dollars per barrel. Oil continues to move in a downward trend. The purpose of the fall is the area at a level below $ 52.60 per barrel. The breakdown of the lower border area of the Bollinger Bands indicator bars will indicate the acceleration of the oil price drop. Bollinger Bands WTI oil forecast on March 8, 2017 The abolition of the fall option will be the breakdown of the region at $ 54 per barrel, indicating a potential change in the trend in favor of the ascending trend.…
Currency pair Australian Dollar AUD/USD is trading at 0.7619. The pair demonstrates growth after the decision of the Reserve Bank of Australia. However, the pair is still trading within a downward trend. At the moment we should expect a tight test of the upper border of the indicator bars at the level of 0.7640, where the conservative area for sales of the pair AUD/USD with a close stop-loss is located. Bollinger Bands AUD/USD forecast on March 8, 2017 The target of falling quotes is the area at the level of 0.7540. The reversal of the fall of the pair will…
Trading signals Gold XAU/USD on March 7, 2017 Purchase at the current price (1225.30), StopLoss put for 1222.00, the target of growth is 1250.00. Trading signals of the Euro Dollar EUR/USD on March 7, 2017 Purchase at the current price (1.0584), StopLoss is set for 1.0540, the target of growth is 1.0660. Trading signals Australian dollar AUD/USD on March 7, 2017 Sale at the current price (0.7615), StopLoss is set at 0.7650, the target of growth is 0.7500.