The currency pair Canadian dollar against the US dollar USD CAD fell below the bullish wave pattern Wolfe. However, the potential for further growth and testing of the model is saved. We hold the transaction for the benefit of buying the pair with the tight stop. Forecast Canadian Dollar USD CAD on December 7, 2016 If you continue to fall and the breakdown of the area below the level of 1.32, is expected to try to continue the downward trend of the pair. Acceleration of growth of the Canadian dollar quotations is expected to breakdown resistance levels above 1.33 area.…
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 Australian dollar against the US dollar AUD USD continues moving inside the descending pattern with 5-0 potential target fall to below 0.7250 area. Cancellation option will reduce the strong growth and the breakdown field of the local maximum with closing above the level of 0.7520. Forecast Australian Dollar AUD USD on December 7, 2016 We continue to hold to sell the pair and are ready to increase the volume of sales to the extent of the fall. Acceleration of falling Australian dollar quotations is expected to breakdown level 0.7380. In favor of the fall is the dense test…
Quotes of the dollar yen currency pair USD JPY continues to move in the uplink. However, at the moment there is a potential for the development of correction within the mining reversal forex head and shoulders pattern, accelerating the fall should not expect a breakdown field 112.80. USD JPY Forecast Dollar Yen on December 7, 2016 Cancellation option downs and testing of Forex reversal pattern will be a strong growth of quotations pair Dollar Yen 115.50 and a break area that will point to a continuation of an upward trend for the pair. Important news from Japan is expected tomorrow,…
Quotes BRENT crude oil after the test psychological resistance at $ 55 per barrel, and repelled at the moment has the potential to fall under the mining reversal forex head and shoulders pattern with a view to fall below the level of 53 dollars per barrel. Analysis and forecast of oil prices BRENT on December 7, 2016 Cancellation option will be a strong growth above the level of 56 that will point to the abolition of the model and the continuation of an upward trend. We continue to hold aggressive oil and try to increase the amount of short positions.…
The currency pair USD CHF continues to test the support area bullish forex Wolfe wave model. With the current levels is expected to attempt to start the growth of the potential target of the pattern at 1.0250 above the field. Forecast Swiss Franc USD CHF on December 7, 2016 Cancellation option will be the continuation of the decline and the breakdown of the area 0.9960 closing prices that will point to the development of the downward trend for the pair. We try aggressive buying USD CHF pair with the tight stop and are ready to increase the volume of purchases…
Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to trade within the forex triangle patterns. At the moment, there is potential for a rebound from the resistance level and the breakdown of the lower boundary of the model. The purpose of the fall and the mining model is the area below the level of 0.70. Forecast New Zealand Dollar NZD USD on December 7, 2016 Cancellation option decrease in mining within the Triangle becomes a strong growth and a break of resistance area with closing above the level of 0.72. Acceleration of the…
Quotes Gold XAU USD continues to move in the descending channel and the potential for falling price of gold tomorrow, December 7, 2016 is also stored. In favor of the fall is the test of the resistance level of the indicator of relative strength. XAU USD Forex Forecast Gold price on December 7, 2016 The purpose of the fall is the area on the level below the region 11150. XAU USD Cancellation quotations fall scenario will be a strong growth and the breakdown of the upper limit of the downward channel. That points to continued growth with the field test…
The currency pair USD CHF continues to test the area of a local maximum. At the moment, there is the potential to complete the formation of bullish pattern Won Wolfe and the beginning of growth of quotations in the area above the 1.03 level within the mining model. USD CHF Forecast Swiss Franc on December 6, 2016 To complete the model, it is important to see an attempt to upgrade the area nearest local minimum, and then we should expect an attempt to continue its growth. Cancellation option will be a strong fall and the breakdown of 0.9980 areas, which…
Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continued tight test resistance area at 0.7130. At the moment, there is potential for further drop to the nearest support at 0.6950. In favor of a continuation of the fall is the formation of topping models forex head and shoulders on the relative strength indicator, which indicates a drop since the current levels. NZD USD Forecast New Zealand Dollar on December 6, 2016 Cancellation option to continue the New Zealand dollar’s decline will be a strong growth area and the breakdown of 0.7160 closing prices that…
Quotes Gold XAU USD continues to decline in the development of the bearish trend for the purpose of falling below the area of 1150. We continue to hold the sale and try new short positions. XAU USD Forex Forecast Gold price on December 6, 2016 Cancellation option will be a strong growth area in 1185 and the breakdown of the closing prices that will indicate an output of the channel, quotations continued development of ascending correction to above the level of 1200. Acceleration of the fall is expected to breakdown the lower boundary of the channel. XAU USD Forex Forecast…