Currency pair EUR USD continues to trade within a descending channel. In general, the pair is testing the strong support area, the breakdown of which points to the objectives 0.92. At the moment, there are risks of a rebound and the development of a major upward correction before the fall, but there is a reversal of forex market painted model head and shoulders, that will indicate a potential drop in the EUR USD quotes 1.0570 area below. Forecast EUR USD ForexEuro Dollar on November 24, 2016 We try to sell the pair with the tight stop, but the breakdown of…
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 continues to trade at the level of 1217. However, at this time the value of the relative strength indicator is not touched the descending trend line, so expect an attempt of growth of quotations of gold in the area in 1220, where once again is expected to reduce. XAU USD forecast for the gold price on November 23, 2016 Cancellation option will be a strong growth XAU USD above the level of 1230, which will lead to the continuation of upward correction. XAU USD forecast for the gold price on November 23, 2016 suggests an attempt…
Quotes of WTI crude oil continues to develop upward correction and is now able to test the region close to $ 49 a barrel conductive. In favor of the fall of quotations and the price of oil WTI favor the formation of the descending pattern with the aim of Wolfe wave fall below $ 45 per barrel. WTI crude oil forecast and analyst on November 23, 2016 Despite the rise in prices of oil, of WTI continues to closely test suites region-wave pattern Wolfe zone that does not change the model. WTI crude oil forecast and analyst on November 23,…
The currency pair New Zealand dollar NZD USD continues to test the region close the neckline. At the moment, preserved potential for falling New Zealand dollar quotations in the area below the level of 0.70 in the rebound from the line Neck reversal pattern Forex Head and Shoulders. NZD USD Forecast on November 23, 2016 Cancellation option of falling can be a strong growth of quotations NZD USD higher than 0.72, which indicates the continuation of upward correction for the pair. We continue to hold to sell the pair and are ready to increase the volume of sales with a…
Currency pair Australian dollar against the US dollar AUD USD continues upward correction development and at the moment there is a potential for continued growth in the region above the level of 0.7420, where we can expect an attempt to falling Australian dollar prices. AUD USD FOREX forecast on November 23, 2016 An additional signal to drop the push test downward trend line on the indicator of relative strength. In the case of the breakdown of the upper limit of the downward channel is expected to attempt to continue the development of the correction in the region at the level…
The currency pair USD CHF continues to test the resistance area close line of bearish Wolfe wave model. We significantly restructured model, but the essence remains the same should be expected attempt of correction to below 0.99. USD CHF Forecast Swiss Franc on November 23, 2016 Cancellation of the drop in prices pair Dollar Frank will be strong growth above the level of 1.02, which indicates the continuation of an upward trend with a view above the level of 1.05. USD CHF Forecast Swiss Franc on November 23, 2016 suggests an attempt to fall within the beginning of working out…
Currency pair USD JPY USD JPY Forex rebounded from level 111 and is currently trading at 110.81. There is potential to continue fall within the beginning of the mining Wedge reversal pattern with a view to fall below 109. USD JPY Forecast Yen Dollar on November 23, 2016 Cancellation option of reduction of quotations pair Dollar Yen tomorrow will be a strong growth area of 111.70 and a break that will point to the continued development of the upward correction. USD JPY Forecast Yen Dollar on November 23, 2016 suggests an attempt to fall within the mining model with the…
The currency pair Canadian dollar against the US dollar USD CAD continues to test a tight ascending channel’s lower border 1:1 model. We should expect a rebound attempt and the beginning of the upward movement on the pair with a potential target of the growth of the Canadian dollar quotations above the level of 1.3650. USD CAD forex forecast on November 23, 2016 Cancellation option will drop in prices pair below 1.3330, it will point to the sample and the support and the lower boundary of the channel and the continued decline in the area below the level of 1.32.…
Currency pair pound dollar GBP USD has gone into the development of upward correction. Currently the pair is trading at 1.2485, however, quotes the pound has not yet struck the right shoulder area of a level that could completely cancel the forex reversal pattern. GBP USD forex forecast on November 23, 2016 Therefore, at the moment there is a potential for falling of pair of quotes as a continuation of mining model, but in the case of the growth above the level of 1.2550 is not necessary to keep selling the pound. GBP USD forex forecast on November 23, 2016…
Quotes BRENT crude oil continue to develop upward correction and at the moment there is a tight test of the descending resistance line on the indicator of relative strength. With the current levels is expected to try to drop in prices and oil prices to below $ 46 per barrel. We try to sell oil with a close stop. BRENT oil price forecast on November 23, 2016 Cancellation option will be a strong growth area and the breakdown of $ 51 per barrel, which will point to a continuation of the upward movement in order to rise above the level…