Quotes of oil BRENT brand showed a minor correction in the framework of the closing of the price gap. At the moment, there is the potential for another test area of the local maximum and the beginning of reduction of development. In favor of reducing the formation of topping comes forex head and shoulders pattern on the indicator of relative strength, as well as failure swing pattern that points to the breakdown of the support area at $ 55.70 per barrel with a potential drop to the lower boundary of the rising channel. Forecast for the BRENT oil price on…
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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 pound dollar GBP USD continues to move in the bullish channel with a potential target of growth above the level of 1.2720, however, when the data is expected to reduce the levels in the rebound from the resistance line on the indicator of relative strength. We continue to hold to sell the pair and willing to try new positions with decreasing development. With the breakdown of the rising channel’s lower border is expected to continue falling in the framework of the weekly forecast the pound. GBP USD Forex Forecast Pound Dollar on December 14, 2016 Cancellation option will…
Currency pair EUR USD EUR USD continues to develop upward correction within the forex head and shoulders pattern. At the moment, preserved potential to test 1.07 area, where is expected to fall within the beginning of the mining model with a potential target of the fall below the level of 1.03. EUR USD Forecast on December 14, 2016 Cancellation option will reduce the strong growth and the breakdown field of 1.08, which points to the quotes leaves the channel. We continue to hold to sell the pair and willing to try new short positions at the time of completion of…
Quotes Gold XAU USD continued to decline in the current trading week. At the moment quotes are testing the lower boundary of gold rising forex 5-0 model, which could trigger a rebound attempt and development of ascending correction to the nearest resistance levels located near the area in 1207, where is again expected to decline again. XAU USD Forecast on December 12, 2016 — December 16, 2016 Already at the time of the test area 1207 will be the potential for a decline in the framework of the descending forex model 1:1 in order to fall below the level of…
The currency pair New Zealand dollar NZD USD ends the week of the current correction. At the moment, preserved potential for falling of pair within quotation of the descending forex 5-0 model with the potential to decrease below 0.69 area. But do not rule out an attempt to test the upper boundary of the channel, and only after that to continue fall. NZD USD Forecast on December 12, 2016 — December 16, 2016 Cancellation option will be a strong growth of quotations NZD USD 0.7270 and a break area that will point to a continuation of upward correction. Also do…
Currency pair USD JPY continued strong growth in the current trading week and were able to update the local maximum region. At the moment, it is not necessary to try to expand the pair on smaller time frames we have seen an attempt of formation of topping FX models, but none of them has been worked out by the market. USD JPY Forecast on December 12, 2016 — December 16, 2016 This may indicate the development of a very strong trend and not a desire to leave the pair in the correction. At the moment, the value of the indicator…
The currency pair Canadian dollar against the US dollar USD CAD on the current trading week, continued to decline, and was able to test the area below the level of 1.32. At the moment, the potential to bounce up preserved, there is a tight test of the rising trend line on the indicator of relative strength, indicating a fast rebound of the Canadian dollar quotations in an area with a potential upside target above the level of 1.36, which test the upper boundary of the rising channel held. USD CAD Forecast on December 12, 2016 — December 16, 2016 Cancellation…
Quotes oil BRENT brand on the current trading week, continued to test resistance area, and the upper limit of the bearish Wolfe wave model with a potential target of the lower level of 43 dollars per barrel. An additional signal in favor of the fall is the resistance of the downlink test indicator of relative strength. Forecast BRENT oil on December 12, 2016 — December 16, 2016 Cancellation option will be a strong growth BRENT quotes above the level of 57 dollars per barrel and a breakdown field formations zones open area above the next area of resistance of $…
The pair AUD USD AUD at the current trading week, continued development of correction. At the moment, saved the potential for continuing Australian quotations drop to below 0.71 in the framework of the descending pattern 5-0, but do not rule out an attempt to test the upper boundary of the model, and only then expect continuation of falling. AUD USD Forecast on December 12, 2016 — December 16, 2016 In favor of reducing the quotation USD AUD dense stands the test a broken trend line on the indicator of relative strength, which also indicates a decline since the current levels.…
Currency pair pound dollar GBP USD showed on the current trading week, tight test resistance area and the upper boundary of the descending channel 1:1 model. At the moment, there are risks to see the development of the downward trend for the pound with the immediate goal of the fall at the level of 1.20, however, the very model involves trying to fall and refresh the area of a local minimum on the pound. In favor of the option of a downward trend, and the rebound from the resistance area stands the test downward trend line on the indicator of…