Currency pair EUR USD ends the week trading near the upper limit of correction downward channel. At the moment, preserved potential to rebound and fall to a local minimum. In favor of the version of the fall of the euro dollar quotes appears tight test downward trend line on the indicator of relative strength. Is expected to accelerate the fall of the fall of quotations EUR USD is a breakdown of the uptrend line on the indicator of relative strength. EUR USD Forecast Euro Dollar on January 16, 2017 — January 20, 2017 Cancellation option will be the closing quotation…
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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.
Currency pair EUR USD continues to move in the development of ascending correction, but has not yet held a break of the upper boundary of the descending channel, which could indicate a potential change of the trend in favor of the growth of the resistance area at 1.0850. EUR USD Forecast Euro Dollar on January 16, 2017 Moreover formed forex Wedge pattern that indicates a probable drop since the current levels to the nearest support at 1.05. Cancellation option will be a strong growth of the euro and the dollar 1.0720 breakdown area that will point to a continuation of…
Currency pair pound dollar GBP USD continues to move within the framework of the descending pattern with the target of the fall 5-0 at a level below the area of 1.2080. Currently we hold a deal to sell the pound and are willing to try new positions at the time of the next test, the upper limit of the downward channel. GBP USD Forecast British Pound on January 16, 2017 Cancellation option of falling quotations pound dollar will sample the area 1.2330, which indicates the continuation of an upward correction. In favor of the fall is the rebound of the…
Quotes BRENT crude oil continues moving inside the descending channel, and is currently preserved potential to rebound from the upper boundary in order to reduce the area below 53 dollars per barrel. BRENT oil price forecast for January 16, 2017 In favor of such an option appears and rebound from the line of resistance values relative strength indicator. We try to sell oil with a close stop. Cancellation option will increase in quotes above the strong level of 57 dollars per barrel. BRENT oil price forecast for January 16, 2017 suggests an attempt to rebound from the border of the…
Currency pair Australian dollar against the US dollar AUD USD continued tight test resistance area. At the moment, preserved potential to rebound and start falling Australian dollar quotations in the area below the level of 0.73, which is expected to complete the formation of inverted head and shoulders pattern. FOREX Forecast Australian Dollar (AUD/USD) on January 16, 2017 We continue to keep selling AUD/USD with a close stop. Is expected to accelerate the fall is a breakdown of the rising channel’s lower border, an additional signal to perform sample falling trend line on the indicator of relative strength. Cancellation option…
The currency pair Canadian dollar against the US dollar USD CAD continues to move in the rebound from the support area. At the moment, there is the potential for the formation of reversal pattern Forex Head and Shoulders on the relative strength indicator and has a breakdown of the upper limit of the downward channel is expected to attempt to increase to above the level of 1.3250. USD CAD Forecast Canadian dollar on January 16, 2017 Cancellation option will drop in the Canadian dollar quotations below the level of 1.30, which indicates a potential implementation model Forex double top. Important…
Quotes Gold XAU USD continues to move in the development of ascending correction, but the potential for return into a downward FX 1:1 model is saved, that will point to the continuation of decline in gold prices. In favor of the version of the fall of the lower boundary of the sample perform forex triangle patterns on the relative strength indicator that indicates the acceleration XAU/USD decline. XAU USD Forecast price GOLD on January 16, 2017 Cancellation option will be a breakdown of the area in 1210, which points to the potential increase in the resistance area at 1250. Consider…
Quotes of the dollar yen currency pair USD JPY continues within the bullish forex Wolfe wave model with the aim of improving the potential and growth above the level of 118.50. We keep buying the pair and try to increase the volume of purchases by the development of an upward movement. USD JPY Forex Forecast Dollar Yen on January 16, 2017 In favor of the growth option performs the rebound from the support line on the indicator of relative strength. Cancellation option will break-down area 113.60 closing prices that will point to the abolition of the model and the continued…
Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues moving inside the descending pattern forex 1:1 and is currently testing the tight upper boundary of the channel. We continue to keep selling the pair with the tight stop and are ready to increase the volume of sales with a decrease in development. Technical Analysis and Forecast NZD/USD on January 16, 2017 Cancellation option will be a breakdown of 0.7150 area, which point to continued growth in NZD/USD quotes. Target of the pattern is the area on the level below 0.69. Important news from New…
Currency pair USD CHF Franc the dollar continues to move in the form of forex model Triangle and at the moment the pair is testing the area close lower model boundaries. We should expect a rebound attempt and the beginning of growth in the area above the level of 1.0220. USD CHF Forecast and Forex analyst on January 16, 2017 In favor of the growth of quotations of dollar pairs Frank dense stands the test support line on the indicator of relative strength. Cancellation option will drop and the breakdown of the lower boundary of the model that will point…