Currency pair EUR USD continues to move in the descending channel and bearish forex model with a potential target of the fall in the parity level, but the performance of Donald Trump may slightly change the picture. EUR/USD Forecast Euro Dollar on January 12, 2017 In favor of continuing downward trend in the euro the dollar will perform sample local minimum area with the closing quotation below 1.03 areas, in case of breakdown of the descending channel’s upper boundary is expected to attempt a reversal of the trend in favor of long-term growth. We are trying to sell the euro…
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 in the descending channel and currently has the potential to continue fall to the bottom border. However, it is important to continue the reduction of the area to see the breakdown of support at the level of 1.21, which would pave the way for the full development of the downward trend on the pound. GBP/USD Forecast Pound Dollar on January 12, 2017 Cancellation option will be a strong pair of quotes and sample area of 1.2550, which will point to a continuation of upward correction. In favor of a continuation of…
Quotes BRENT crude oil continues to move in the forex reversal mining model head and shoulders. At the moment the price is testing the area close the upper boundary of the descending pattern quick 1:1 with a view to a potential drop below the level of 52 dollars per barrel. Forecast oil prices (BRENT) on January 12, 2017 Cancellation option will be the breakdown of the channel, which points to continued growth BRENT quotations to the neckline, is broken. We try oil sales with the tight stop above the level of 55 dollars per barrel. Is expected to accelerate the…
Currency pair Australian dollar against the US dollar AUD USD continues to move in the development of ascending correction, but the pair came close to the upper boundary of a descending forex model 1:1, indicating that the fast rebound of the Australian dollar quotations in the region below the local minimum. AUD/USD Forecast Australian Dollar on January 12, 2017 In favor of option in favor formation of forex model failure swing. Cancellation option will be a strong growth of quotations AUD USD above the 0.7420 level, which points to a continuation of upward correction for the pair. With the breakdown…
The currency pair Canadian dollar against the US dollar USD CAD continues to move in the reversal attempt. In favor of the version of the beginning of growth of quotations serves breakdown of the trend line on the indicator of relative strength, as well as the Canadian yield quotations outside the upper limit of the downward channel. USD/CAD Canadian Dollar Forecast on January 12, 2017 Cancellation option will drop in prices below the level 1.3160, which will point to the continued decline in the area below the level of 1.3050. We try to buy the pair USD/CAD with a close…
Quotes Gold XAU USD continues to move in the upward correction, however, we are already very close to the upper boundary of the descending channel, which indicates a potential rebound and continue to fall below the level of 1105. XAU/USD price forecast Gold on January 12, 2017 Cancellation option will sample the region in 1205, which points to continued growth of quotations in the region above the level of 1250. In favor of the falling of quotations and prices for Gold acts forming a reversal pattern forex failure swing, which also points to the breakdown of the field 1165. We…
Quotes of the dollar yen currency pair USD JPY continues within the bullish trend is still not exclude another attempt to test the lower boundary of the rising channel that will trigger the completion of the formation of bullish forex Wolfe wave model. USD/JPY Forecast Dollar Yen on January 12, 2017 We try to buy the currency pair Dollar Yen with tight stop, a potential target for growth of quotations USD/JPY is the area at the level of the area above 117.50. Cancellation option will drop in prices below the level of 114.50, which points to the breakdown of the…
Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to move in the forex bearish wave pattern Wolfe with a view to working out and fall to a level below the area of the local minimum. In favor of the continuation of the fall is the formation of reversal pattern head and shoulders. NZD/USD New Zealand Dollar Forecast on January 12, 2017 Is expected to accelerate the fall of quotes NZD/USD is a breakdown of the neckline. We already try aggressive sales with the right shoulder-level model with a stop above the maximum level.…
Currency pair USD CHF Franc the dollar continues to move in the uplink and currently quotes are repelled from the bottom of the channel, and have the potential for a tight test of local maximum region. We try to buy the pair usd chf the tight stop. USD/CHF forecast of the Swiss franc on January 12, 2017 Cancellation option will increase pair drop in prices and the breakdown of the channel’s lower border, which will point to the continued decline and a potential reversal of the current upward trend. Expect faster growth of quotations and testing of bovine model is…
Trading Signals British pound GBP/USD on January 12, 2017 Buying on the level of 1.2090, StopLoss place for 1.2060, 1.2230 growth target. Trading Signals Japanese Yen USD/JPY on January 12, 2017 Sales from the level of 116.80, StopLoss place for 117.00, the goal of reduction of 115.10. Euro Trading signals EUR/USD on January 12, 2017 For sale at the current price (1.30503), StopLoss place of 1.0565, 1.0435 growth target.