Currency pair EUR USD EUR USD continues to trade within the model triangle and at the moment there is a high probability to see the test the lower boundary of the model in November 2016 for the euro. Cancellation option can become a strong growth of quotations and sample area 1.14 closing prices, which will indicate the quotations output up beyond forex triangle patterns. An additional benefit of the main signal and test the lower boundary of its breakdown acts breaking through the trend line on the indicator of relative strength, which indicates the closing price on the chart below…
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.
Quotes Gold XAU USD finished the trading week test the upper limit of the downward channel. At the moment, there is the potential for the drop in prices and the prices of gold in the area below the level in 1180 as part of the beginning of the descending forex 1: 1 model. An additional signal in favor of the fall is the test of the broken trend line on the indicator of relative strength; it also points to the likely reduction XAU USD quotes. Gold XAU USD forecast for the week October 24, 2016 — October 28, 2016 Cancellation…
The currency pair New Zealand dollar NZD USD finished the trading week upward correction and at the moment has the potential to fall under the mining bearish Wolfe wave model in order to reduce the level below 0.65. Forex NZD USD Forecast October 24, 2016 — October 28, 2016 In favor of the fall and also supports the formation of the descending pattern forex 5-0 on the relative strength indicator, which indicates a drop since the current levels, will be the abolition of the breakdown of the descending channel on the upper limit of the relative strength indicator. Forex NZD…
Currency pair USD CHF forex trading week completed the growth and breakdown of the upper boundary of the triangle model. On the next trading week, there is potential for further growth of quotations in the area above the level of 1.02. USD CHF FOREX forecast October 24, 2016 — October 28, 2016 An additional signal in favor of the growth is the breakdown of the trend line on the indicator of relative strength, which also indicates a continued growth. USD CHF FOREX forecast October 24, 2016 — October 28, 2016 suggests an attempt to test 1.02 in the framework of…
Dollar Yen currency pair USD JPY closed the week near resistance levels, but at the moment is preserved for potential drop in prices in the rebound from the top of the rising channel, as well as through dense resistance test on the indicator of relative strength. The purpose of the fall in this case is the area at a level below 102. USD JPY forecast October 24, 2016 — October 28, 2016 Cancellation option will be a strong growth of quotations of dollar yen pair above the level of 104.50, which points to the breakdown of the top channel and…
The currency pair Canadian Dollar to US Dollar USD CAD finished the trading week of growth and attempt to go beyond the uplink up. This growth and the breakdown of the channel up trigger acceleration of the upward trend and the increase in the Canadian dollar quotations above the level of 1.39. Cancellation option will drop below the strong level of 1.29, which again points to test the lower boundary of the channel. USD CAD Forex Forecast October 24, 2016 — October 28, 2016 An additional signal for the continuation of the upward trend on the pair will break through…
Quotes of WTI crude oil closed the trading week near the local maximum level. Currently retained potential for falling prices of oil in the rebound from the resistance line on the indicator of relative strength. Furthermore here on the daily chart, you can select a large bearish Wolfe wave with a potential target of the fall below the level of 36 dollars per barrel. Analysis and forecast oil prices WTI October 24, 2016 — October 28, 2016 Cancellation option this fall will be a strong increase in oil quotations all levels of 56 dollars per barrel, will cancel the model…
Quotes BRENT crude oil finished the trading week near the level of $ 51 per barrel. At the moment, preserved potential for a fall in quotations and prices for oil Brent to below $ 42 a barrel from a continuation of the downward trend in the rebound from the resistance line on the indicator of relative strength. We continue to hold the sale of oil from a close table and ready to build short positions as far as reducing the development. Forecast BRENT oil prices October 24, 2016 — October 28, 2016 Cancellation option will be a strong increase in…
Currency pair Australian dollar AUD USD closed the week lower. At the moment, preserved potential to continue falling Australian dollar quotations in the region below the local minimum. Cancellation option will be a strong growth of quotations AUD USD above the 0.7750 level. An additional signal in favor of the falling Australian acts rebound values relative strength indicator, which also indicates a fall. Forecast AUD USD October 24, 2016 — October 28, 2016 We continue to hold the sale and are ready to increase the volume of short positions on the pair. Forecast AUD USD October 24, 2016 — October…
Currency pair pound dollar GBP USD finished the current trading week, a minor correction, but at the moment on the daily chart, the pair has marked a downward FX model 1:1 with a view to a potential drop below the level of 1.14. Cancellation option will increase in quotes pound strong on the next trading week and the breakdown region of the upper boundary of the descending channel at the level of 1.24, which indicates the abolition of forex model 1:1 and the beginning of growth of quotations GBP USD. Forecast GBP USD on October 24, 2016 — October 28,…