Currency pair pound dollar GBP USD continues to move in the forex mining model head and shoulders with a potential spruce decline in the level of 1.21. GBP USD Forecast on November 22, 2016 Cancellation option can become a strong growth of quotations of the dollar the pound above the level of 1.25, which indicates an attempt to abolish the model of development of ascending correction pound. We continue to hold to sell the pair and increase the amount of short positions. GBP USD Forecast on November 22, 2016 suggests an attempt to continue falling within the mining forex reversal…
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 BRENT crude oil continue to develop upward correction, but at the moment, oil prices are testing the upper limit of tightly bearish Wolfe wave pattern that indicates a probable drop since the current levels to below 46 dollars per barrel. Forecast oil prices on November 22, 2016. Bearish Wolfe Wave In favor of the drop in oil prices BRENT favor the formation of reversal pattern failure swing an indicator of relative strength, which also indicates a decrease in the near future. Cancellation option will be a strong growth of quotations of oil above the level of 49.80, which will…
Currency pair EUR USD continues to test the lower boundary of a tight triangle model, and at the moment there are attempts to develop upward correction risks in order to increase above the level of 1.07. In favor of the correction in favor of a tight test of the rising trend line on the indicator of relative strength. EUR USD Euro Dollar Forecast on November 22, 2016 Consider selling the pair at the time line on the RSI resistance test. Cancellation option will drop the euro dollar quotations below the level 1.0530, which will indicate the lower limit of an…
Currency pair pound dollar GBP USD finished the current trading week, a slight decrease at the level of 1.2352. Currently retained potential for further drop in prices pair pound dollar within the beginning of the descending forex model 1: 1 with a view on the level drops below 1.17 areas. GBP USD forecast on November 21, 2016 — November 25, 2016 Cancellation option will be a strong growth of quotations pound sample the upper boundary of the channel, which points to continued growth in the region above the level of 1.29. In favor of the falling GBP USD appears rebound…
Currency pair EUR USD EUR USD finished the trading week with a serious drop in without corrections and pullbacks in favor of European currency. At the moment, the pair quotes are testing the lower limit of tight Forex Triangle patterns, the breakdown of which will provoke a downward continuation of falling of euro dollar quotations within the mining model, with the potential to reduce the level below 0.92 areas. EUR USD Forecast on November 21, 2016 — November 25, 2016 In favor of a potential breakdown of the lower limit of the model is the point of the test is…
Quotes of WTI crude oil closed the trading week correction at $ 46.33 per barrel. However, the potential for falling prices of oil retained within the mining forex reversal patterns Dragon or double top, which indicates a potential test area of 36 dollars per barrel, with a breakdown there is a risk to see a tight field test $ 30 a barrel. Analysis and forecast of oil prices on November 21, 2016 — November 25, 2016 But do not rule out an attempt to test dense punched trend line and only after that to continue reducing and development of the…
Quotes BRENT crude oil finished the trading week correction at $ 47.64 per barrel. At the moment, oil prices broke through the uptrend line forex reversal patterns Dragon, indicating the potential continuation of the decrease in prices of oil in the area below. Forecast BRENT oil price on November 21, 2016 — November 25, 2016 But do not rule out an attempt upward correction for a tight test a broken trend line and only after that to continue fall. In favor of reducing the resistance will also perform downlink test indicator of relative strength. The immediate goal of the fall…
Currency pair Australian dollar AUD USD finished the trading week with a strong drop in prices at the level of 0.7335. At the moment, preserved potential for continuation of falling of pair Australian dollar to below 0.71.The next couple of quotations to reduce the area on the level below the level of 0.6950. AUD USD forecast on November 21, 2016 — November 25, 2016 In favor of a continued drop in prices pair performs the breakdown of the uptrend line on the indicator of relative strength. Cancellation option of reduction of quotations AUD USD is not trading next week will…
Currency pair USD CHF forex trading week completed the strong growth at the level of 1.0097. At the moment, the pair is still bearish wave formation Wolfe, indicating a decline in couples of quotations in the area below the level of 0.96. USD CHF Forecast on November 21, 2016 — November 25, 2016 In favor of the version of the correction for the pair acts and tight test resistance area on the indicator of relative strength. Cancellation option drop in prices USD CHF will continue to grow in the area above the level of 1.02, which indicates a potential test…
Dollar Yen currency pair USD JPY finished the trading week of strong growth at the level of 110.90. As you can see, the pair is trading within a strong bullish trend. USD JPY Forecast on November 21, 2016 — November 25, 2016 At the moment, there is a potential for continued growth of quotations within the mining width punched ascending channel, but is considered conservative buying only with a dense dough pierced channel. A potential target for the development of an upward movement of the Japanese yen is the area at a level above 115; the cancellation option will become…