The pair AUD USD AUD at the current trading week, continued development of correction. At the moment, saved the potential for continuing Australian quotations drop to below 0.71 in the framework of the descending pattern 5-0, but do not rule out an attempt to test the upper boundary of the model, and only then expect continuation of falling. AUD USD Forecast on December 12, 2016 — December 16, 2016 In favor of reducing the quotation USD AUD dense stands the test a broken trend line on the indicator of relative strength, which also indicates a decline since the current levels.…
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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 pound dollar GBP USD showed on the current trading week, tight test resistance area and the upper boundary of the descending channel 1:1 model. At the moment, there are risks to see the development of the downward trend for the pound with the immediate goal of the fall at the level of 1.20, however, the very model involves trying to fall and refresh the area of a local minimum on the pound. In favor of the option of a downward trend, and the rebound from the resistance area stands the test downward trend line on the indicator of…
Currency pair EUR USD EUR USD at the current trading week, was able to show a correction in the area above the level of 1.08. At the moment, the pair completed a descending shaping forex model 1:1 with a view to working out and falling to below 1.0370 area. We should expect another attempt to correct and test 1.07 area under the formation of topping forex model and only after that to continue to drop below the level of 1.0370. EUR USD Forecast on December 12, 2016 — December 16, 2016 Cancellation option of a downward movement will be strong…
Quotes Gold XAU USD continues moving inside the descending channel. At the moment, there is a potential for continued gold price decline in December 2016 in the area at a local minimum. XAU USD Gold prices forecast at December 2016 Cancellation option can become a strong growth and the breakdown of the upper limit of the downward channel. In favor of a continuation of falling of quotations serves XAU USD breakout of the trend line on the indicator of relative strength, indicating a breakdown of the area near the support level of 1050. But do not rule out an attempt…
Quotes of oil brand BRENT test area at 55 dollars per barrel resistance. At the moment, there is the potential to see an attempt to falling oil prices in December 2016, the region at below 42 dollars per barrel in the framework of the descending wave of Wolfe. Forecast BRENT oil prices at December 2016 Cancellation option will be a strong growth BRENT quotes above the level of 60 dollars per barrel, which will point to the continued growth potential and a test area of 65 dollars. Among the important events in December 2016, which may affect the BRENT oil…
The pair AUD USD AUD at the beginning of December 2016 firmly testing the upper limit downward FX 1:1 model, which involves an attempt to continue falling with the test area an below 0.68. In favor of a lowering of quotations USD AUD in December 2016 in favor of the neck line reversal breakout forex head and shoulders pattern on the indicator of relative strength. AUD USD Forecast Australian Dollar at December 2016 Cancellation option mining model can become a strong growth in the Australian dollar quotations and sample area 0.77 closing prices that will point to a continuation of…
Currency pair pound dollar GBP USD at the beginning of December 2016 is testing the resistance area close to the upper boundary of a descending channel. FOREX GBP USD Forecast at December 2016 We should expect a rebound attempt and the beginning of fall in the framework of the descending forex model 1:1 in order to fall below the level of 1.14. In favor of a continuation of falling of quotations pair pound dollar in December 2016 testing the trend line on the indicator of relative strength, as we see, the pound has already made a start on the line…
Currency pair EUR USD EUR USD at the beginning of December 2016 firmly testing the lower boundary of the area forex triangle patterns. At the moment, there is the potential for the formation of the descending pattern is 1:1 in order to fall below the level of 1.0370. To complete this model, it is important to see the test level of 1.0820, where one can consider selling the pair with the tight stop. EUR USD forecast Euro exchange rate at December 2016 Cancellation option drop and bearish forex mining model will be strong growth above the level of 1.10, in…
Currency pair EUR USD EUR USD continues to move in line with expectations and our forecast of the euro the dollar tomorrow. Currently tested quotes pair region of the upper boundary of the descending channel, which indicates the likely incidence of rebound and a potential target of the model FX 1:1 in the area below 1.0320. EUR USD Forecast Euro Dollar Forex December 9, 2016 Cancellation option will be the fall of the strong growth and the breakdown of 1.0860 areas, that will indicate the quotations leaves the channel, and continued growth in EUR USD. In favor of the continuation…
Quotes of the dollar yen currency pair USD JPY continued development of a downward correction in the framework of the beginning of the mining model, pivot forex head and shoulders to reduce to below 109.70 area. Cancellation option will be a strong growth of quotations of USD/JPY above the level of 114.50, which will point to a continuation of an upward trend with the upside above the 116.50 area. USD JPY FORECAST Dollar Yen on December 9, 2016 Currently quotes already broke through the line Neck reversal pattern that indicates the completion of the model continued decline. Among the data…