Currency pair EUR USD continues to move through our euro forecast of the dollar tomorrow. At the moment, the pair quotes struck neckline reversal forex head and shoulders pattern on the decision of the Federal Reserve to increase interest rates and expectations of higher interest rates three times in 2017. EUR USD Euro Dollar Forecast on December 16, 2016 Quotes euro dollar tight test support area below the level of 1.05, we should not exclude the option retest the neckline is broken and only after that to continue falling within the mining model. The purpose of the fall is the…
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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.
Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues moving inside the descending pattern forex, 5-0. At the moment quotes are testing dense region of the upper boundary of the descending channel, where we can expect the fall of the potential to reduce an area below 0.70. NZD USD Forecast New Zealand Dollar at December 15, 2016 An additional signal in favor of the drop in prices pair NZD USD appears to complete formation of the descending wave pattern Wolfe, which also indicates a decline. We continue to hold to sell the pair and…
Quotes Gold XAU USD continues to move in the downward trend Quotes are testing resistance area as the upper boundary of the descending channel and has the potential to see a rebound and development fall to below the level of 1140. XAU USD Forecast Gold prices on December 15, 2016 In favor of such an option in favor of formation of topping forex head and shoulders pattern on the display relative strength. Cancellation option will be a strong growth of quotations and price of gold above the upper boundary of the channel, which will point to a continuation of upward…
Quotes of the dollar yen currency pair USD JPY continues to move in the bullish trend and is currently retained potential for growth of the pair of quotes in the area above the level of 116.00. USD JPY forecast dollar exchange rate on December 15, 2016 Cancellation option will drop in prices pair below 113.70 that will point to a continuation of a downward correction for the pair with a potential target at 110. But do not rule out a tight test of the rising channel’s lower border, and only then to continue the growth of quotations. Among the important…
The currency pair Canadian dollar against the US dollar USD CAD continues to move in the downward trend, but in the near future should not expect a rebound attempt and development of ascending correction within a bull forex start mining model with the potential Shark spruce growth above the level of 1.33. USD CAD Forecast Canadian Dollar on December 15, 2016 Cancellation option USD CAD growth of quotations may be falling and the breakdown field 1.30, which indicates an continuation of the downward trend for the pair. Among the important news from Canada that may have an impact on the…
Currency pair USD CHF Franc the dollar continues to move in the correct quotes are testing the support area, and there is potential for growth within 5-0 bullish forex model with the aim to upgrade the area of a local maximum. An additional signal in favor of the dollar growth of quotations couples Frank will test the rising trend line on the indicator of relative strength. USD CHF Forex Forecast on December 15, 2016 Cancellation option will be a strong drop in prices pair below 0.9970, that will indicate a potential test of the rising channel’s lower border. Among the…
Currency pair Australian dollar against the US dollar USD AUD continues to move through the molding forex Wedge pattern. We should expect the attempt to break the model down and continue falling with the first target at the level below the area of 0.7390. An additional signal in favor of the fall is the dense test downward trend line on the indicator of relative strength. AUD USD Forecast Australian Dollar December 15, 2016 Cancellation option of falling Australian dollar will be strong growth of quotations AUD USD pair above the 0.7530 level. Expect to accelerate reduction of quotations couple standing…
Quotes of oil BRENT brand showed a decrease in the publication of data on crude oil inventories from the US Energy Department, which showed a decrease. BRENT Oil price forecast on December 15, 2016 At the moment, oil tight testing the support area, where we can expect growth in an attempt to above the level of 56 dollars per barrel and continued reduction in the framework of the continuation of mining model Expanding formation with a potential target of the fall below the level of 44 dollars per barrel. The values of the relative strength indicator is also testing the…
Currency pair pound dollar GBP USD continues to move in line with expectations, at the moment there is a potential for a slight correction to 1.27, where we can expect the beginning of reduction within the mining Wedge model. GBP USD Forex Forecast for December 15, 2016 The purpose of the fall of the pound dollar quotations on the area below the area of 1.2280. An additional signal in favor of the continuation of decrease in quotations pound perform sample support line on the indicator of relative strength. Among the important news from the UK, which may have an impact…
Currency pair EUR USD continues to move in the downward FX 1: 1 model. At the moment, we still expect to field test 1.07 attempted under the formation of models complete forex head and shoulders, from which we can expect the fall in quotations of the euro dollar. EUR USD Euro Dollar Forecast on December 15, 2016 Cancellation option will yield EUR USD quotes above level 1.0850, which will indicate the breakdown of the upper limit of the downward channel. We continue to hold to sell the pair and are ready to build positions after the publication of FOMC decision…