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…
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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…
The currency pair EUR USD went into the development of the upward trend after the publication of the indicator Nonfarm Payrolls, but at the moment there remains the potential for falling quotations of the euro dollar as part of the development of the downward wave model of Wolf. In favor of the variant of the drop from the level of 1.0650 is the resistance area test on the indicator of relative strength. EUR/USD Forecast Euro Dollar on March 13, 2017 The goal of reducing and working out the model is the area at the level below 1.0470. The abolition of…
Quotes of BRENT crude oil continue to move in a downward trend. However, at the moment there is a potential for the growth of oil quotations in the upper border of the downward channel at the level of 53.50, where again it is expected to fall quotations in the area below the level of $ 50 per barrel. Analysis and BRENT oil price forecast on March 13, 2017 Abolition of the variant of the continuation of the fall in oil quotations will be the breakdown of the upper boundary of the descending channel with the closing of quotations of oil…
Quotations of the Dollar Yen USD JPY continue to move within the framework of growth due to the breakdown of the upper limit of the Triangle model. At the moment, there are risks of development of correction with a dense test of the broken model boundary, after which it is necessary to expect the growth of quotations of the Dollar Yen pair with the aim above the area of 116.50. USD/JPY Forecast Japanese Yen on March 13, 2017 In favor of continuation of the pair USD/JPY growth will test the upward trend line on the indicator of relative strength. The…
Currency Pair Australian Dollar against US Dollar AUD USD continues to move within the limits of the decline, but at the moment quotations can test the upper limit of the downward channel near the area of 0.7570. Whence again it is necessary to expect continuation of falling of quotations of pair. The closest target of the decline is the area at the level of 0.7450. AUD/USD Forecast Australian Dollar on March 13, 2017 In favor of continuing falling quotations of the pair AUD/USD is the test of the downward trend line on the indicator of relative strength. The cancellation of…
Currency pair dollar franc USD CHF continues to move within the rebound from the upper boundary of the downward channel, quotes of the pair could not gain a foothold higher. However, at the moment, the potential for a dense test of the area of 1.0060 remains, where again we should expect a rebound attempt and the continued growth of the pair’s quotations to the area above the level of 1.0250. USD/CHF Forecast Swiss Franc on March 13, 2017 In favor of the growth of the pair USD/CHF is the test of the ascending trend line on the indicator of relative…
Quotations of the currency pair New Zealand Dollar against the US Dollar NZD USD continue to move within the limits of the decline. At the moment, the pair is trading near an important level of support, the breakdown of which indicates the continued development of the fall. However, we should not exclude the attempt to increase the NZD/USD quotations to the upper channel boundary, where again we should expect a fall and potential breakdown of the support area. NZD/USD Forecast New Zealand Dollar on March 13, 2017 In favor of the variant of falling of quotations of the New Zealand…
Quotes of Gold XAU USD continue to move within a strong downward trend, but at the moment there is still potential for a tight test of the resistance area, where again one should expect a fall in the prices of an Gold for the purpose below the area of 1185. XAU/USD Forecast price Gold on March 13, 2017 In favor of the continuation of the decline, a dense test of the broken trend line will perform Indicator of relative strength. Cancellation of the variant of the fall of quotations XAU USD will be a breakdown of the region 1225, which…
The currency pair is the Canadian dollar to the US dollar USD CAD continues to move within the development of the upward trend, but the pair has gone into correction and at the moment there is the potential for a tight test of the lower boundary of the rising channel. In the vicinity of 1.34, we expect a rebound and continued growth of the pair’s quotes with a potential target above 1.36. USD/CAD Forecast Canadian Dollar on March 13, 2017 In favor of the variant, continued growth is a tight test of the upward trend line on the indicator of…