Author: forex24pro

Currency pair EUR USD closed the week at 1.0612. The pair continues to decline within the descending channel and currently retained potential for continuation of falling of euro dollar quotations in the area below the level of 1.0350. In favor of a kitten fall is the breakdown of the rising trend line on the indicator of relative strength, which points to a potential breakdown of the nearest support area. EUR USD Forecast on February 20, 2017 — February 24, 2017 Cancellation option EUR/USD falling to the current trading week will deliver strong growth and the breakdown of the descending channel’s…

The currency pair Canadian dollar against the US dollar USD CAD continues to move in the mining model bullish forex Wolfe waves with a potential target of growth above the level of 1.3320. In favor of a growth of quotations serves rebound from the support line on the indicator of relative strength. USD CAD Forex forecast Canadian Dollar on February 20, 2017 Acceleration of growth of the Canadian dollar quotations is expected to top the breakdown wave pattern borders Wolfe. We try to keep buying the pair with the tight stop loss and are ready to increase the amount of…

Quotes Gold XAU USD continues to move in the formation of reversal pattern Forex double top with a potential target of the fall in the level below the area 1220. In favor of the version of the fall of quotations and prices for Gold acts of resistance field test on the indicator of relative strength. XAU USD Forex Forecast Gold prices on February 20, 2017 Is expected to accelerate the fall of quotations is a breakdown of the uptrend line. Cancellation option reduce quotes XAU/USD will deliver strong growth above the level of the local maximum that points to continued…

Quotes of the currency pair New Zealand Dollar against the US Dollar NZD USD continues moving inside the descending channel and currently retained potential for further reduction in the area below the level of 0.7065. In favor of the New Zealand dollar quotations fall is the rebound values on the indicator of the relative strength of the downward trend line. NZD USD Forecast New Zealand Dollar on February 20, 2017 Cancellation option will be a strong growth of quotations NZD USD above 0.7250 level, which indicates continued growth in an area above the level of 0.7300. Among the important news…

Currency pair USD CHF Franc the dollar continues to move through the completion of the formation of the rising forex model 5-0 with a potential upside target above the local maximum level. In favor of a continuation of growth of pair dollar quotations Frank speaks rebound from the support line on the indicator of relative strength. USD CHF Forecast Swiss Franc on February 20, 2017 Cancellation option of continuing USD/CHF quotes growth will drop and the sample area of 0.9910, which indicates a continued decline in the region below the local minimum. Important news from Switzerland that may have impact…

Currency pair EUR USD continues to move in the downward trend, and at the moment has the potential to continue fall to below 1.0535. In favor of the fall is the dense test downward trend line on the indicator of relative strength. EUR USD Forecast Euro Dollar on February 20, 2017 Cancellation option euro quotations falling dollar will make the sample the upper boundary of the descending channel that indicates the continuation of an upward trend. Among the important news that could affect the rate of the euro against the dollar, we should mention that the meeting of the Eurogroup,…

Currency pair pound dollar GBP USD continues to move in the uplink and currently has the potential to start the growth of quotations of the dollar the pound within the mining rising forex model 5-0 with a potential target of growth above the level of 1.27. GBP USD Forecast Pound Dollar on February 20, 2017 In favor of a rebound and the growth of quotations of the pair serves hearty test the support line on the indicator of relative strength. Cancellation option GBP/USD quotes growth will make the sample the lower boundary of the channel and the pair falling of…

Currency pair Australian Dollar US Dollar AUD USD continues to move in the reduction and at the moment there is the potential for the breakdown of the support and reduce the quotations in the area below the level of 0.7540. AUD USD Forecast Australian Dollar on February 20, 2017 In favor of the continuation of falling of pair of quotations serves breakdown support line on the indicator of relative strength, it also points to the decline and breakdown of the nearest support area. Cancellation option will be a strong growth of quotations AUD/USD above the 0.7720 level, which points to…

Quotes Dollar Yen currency pair USD JPY continues to move in the descending channel and for now there is the potential for the growth of quotations in the area above the level of 114.50 in the rebound from the support line on the indicator of relative strength. USD JPY Forecast Forex Dollar Yen on February 20, 2017 Expect faster growth of quotations of dollar yen pair is worth 114.65 with a breakdown field that points to the breakdown of the neckline reversal forex head and shoulders pattern with a potential target of growth above the level of 117.50. Cancellation option…

Quotes BRENT crude oil continues to trade within the forex triangle patterns, indicating uncertainty. We should expect the breakdown of the lower limit of the model and the continuation of the fall in the support area on the lower level area 54.65 dollars per barrel. BRENT oil price forecast on February 20, 2017 Cancellation option will be a breakdown of the top models of lightning and closing prices of oil above the level of 56.75 dollars per barrel, which will point to the continued growth of quotations and prices for oil in the area above the level of 58 dollars…