Currency pair EUR USD continues to trade s downtrend. Currently quotes tight upper bound test downstream channel, which indicates the continued decline to below the level of 1.0950. An additional signal in favor of the falling euro, the dollar stands the test downward trend line an indicator of relative strength. Once again, we are trying to sell EUR/USD with a close stop above 1.1030 level, a break of which will send a signal to the continued growth of quotations. EUR USD Forecast FOREX Euro Dollar on October 19, 2016 In case of cancellation of this signal is the potential for…
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.
The currency pair USD CHF continues to test resistance area at 0.9890. At the moment, there is a potential for a fall to the lower boundary of the rising channel pattern 5-0 and the continued growth of quotations of the dollar above the 1.01 franc. USD CHF Dollar Frank forecast on October 18, 2016 Cancellation option will drop in prices pair USD CHF below 0.9770; it will point to the continued decline in the area below the level of 0.9650. USD CHF Dollar Frank forecast on October 18, 2016 suggests an attempt to drop to 0.98, where we can expect…
Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to trade within a descending channel and currently has the potential to test the upper boundary and the continuation of the fall to reduce the area below 0.70. NZD USD Forecast New Zealand Dollar on October 18, 2016 Cancellation option will be a strong growth of quotations NZD USD above 0.7170 levels, which points to continued growth above the level of 0.7250. NZD USD Forecast New Zealand Dollar on October 18, 2016 suggests an attempt to test the upper boundary of the channel, and continuing…
Quotes Gold XAU USD continues to move in the development of the downward trend and currently quotes have not been able to go beyond the model of triangle down. At the moment, preserved potential drop due to the formation of reversal pattern head and shoulders on the display of relative force to drop below the level of 1220. XAU USD price forecast for Gold on October 18, 2016 Cancellation option will be a strong growth of quotations on gold above the level of 1265, which points to the continued growth of quotations XAU USD in the area above the level…
Quotes of the dollar yen currency pair USD JPY traded as part of the formation of topping models forex failure swing in the relative strength indicator at the level falls below the level of 102.75. USD JPY Forecast dollar yen on October 18, 2016 Cancellation option will be a strong growth of quotations of dollar yen pair above the level of 105, which indicates an attempt to continue the growth of the pair to above the level of 106. USD JPY Forecast dollar yen on October 18, 2016 suggests an attempt to fall within the beginning of mining and forex…
The currency pair Canadian dollar against the US dollar USD CAD continues to decline and currently quotes struck the lower boundary of wedge pattern, which indicates that an attempt to reduce and testing of the model. However, here at the time of the update area is the formation of a local minimum bullish wave pattern Wolfe. Therefore test 1.2990 areas, is expected to once again attempt to increase quotations pound dollar to above 1.32 levels. USD CAD Forecast Canadian Dollar on October 18, 2016 Cancellation option will drop in prices pair below 1.2960, it will point to the continued decline…
Quotes BRENT crude oil continues to trade within the ascending channel. At the moment, the value of the relative strength indicator testing punched trend line, indicating the potential drop in prices of oil in the area below the level of 50 dollars per barrel. Forecast BRENT oil price on October 18, 2016 Unfortunately forex head and shoulders pattern in the case of oil rises above level 53 will be canceled, and the quotes came close to abolishing this model. Forecast BRENT oil price on October 18, 2016 suggests an attempt to fall within the framework of working out the rebound…
Quotes of WTI crude oil continues to trade at close to 51 dollars per barrel. At the moment, preserved potential for a fall of quotations and the price of oil below 48 dollars per barrel in the rebound from a broken trend line on the indicator of relative strength. Also, there is a high probability of the descending pattern forex Wolfe waves order to fall below the level of 42 dollars per barrel. WTI crude oil forecasts and analysis on 18 October 2016 Cancellation option quotes and falling prices, as WTI crude oil will be a strong growth of quotations…
Currency pair Australian dollar against the US dollar AUD USD is still trading within the descending pattern with the target of the fall 5-0 at below 0.75 areas. Cancellation option will be a strong growth of quotations and sample the upper limit of the downward channel. In this case, we can expect an attempt to continue the growth of USD AUD quotations in the area above the level of 0.77. AUD USD Forecast Australian Dollar on October 18, 2016 We continue to hold the sale and ready to try new deal in favor of lowering the Australian dollar prices. AUD…
Currency pair pound dollar GBP USD continues moving inside the descending channel. At the moment, we can expect a slight correction attempt pound against the US dollar to the upper limit of the downward channel and continue falling quotations pair GBP/USD to below 1.19. Cancellation option will be a strong growth of quotations of the pair and the breakdown of the upper boundary of the channel, which points to continued growth Pound Dollar higher than 1.24. GBP USD Forecast British Pound on October 18, 2016 An additional signal in favor of the fall will test the descending trend line on…