Currency pair Australian dollar against the US dollar AUD USD continues to test the descending channel, close the upper limit and at the moment there is a potential for the development of falling of pair of quotes in the area below the level of 0.7540. Cancellation option will be a strong growth of quotations of the pair above the 0.77 level, which will point to the abolition of the model and the pair continued growth of quotations in the area above the level of 0.78. Technical analysis and forecast AUD USD on November 4, 2016 We continue to hold to…
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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 continues to trade within a lateral movement and is currently testing the upper limit firmly. We should expect a rebound attempt quotes pair and start falling from the area below the level of 1.2150. Forecast Pound Sterling GBP USD on November 4, 2016 Cancellation option will be a strong growth of quotations of the pair above the 1.24 level, which will indicate the quotations, leaves the channel, and the continuation of the uptrend. The purpose of this growth is the area at a level above 1.27. Forecast Pound Sterling GBP USD on November 4,…
Currency pair EUR USD continues to attempt development of correction, however, the pair quotes have not been able to break through resistance area and now have every chance to see the fall of the euro dollar quotations in the area below the level of 1.10 in the rebound from the resistance level and the beginning of the descending pattern 5-0 . But do not rule out an attempt to test the upper boundary of the channel. An additional signal in favor of the fall is the test indicator of the relative strength of the critical region, it also points to…
Currency pair USD CHF Franc dollar continues to develop a downward correction and is currently testing the lower quotes tight border uplink bovine model 5-0. We should expect a rebound attempt quotes pair to above the 0.9850 and continued growth in the region in order to update the local maximum. USD CHF Forecast Swiss Franc Forex on November 3, 2016 Cancellation option price growth pair usd chf become stronger drop in prices on the Fed’s decision on rates that indicate a potential local minimum update region. USD CHF Forecast Swiss Franc Forex on November 3, 2016 suggests the rebound from…
Quotes of the currency pair New Zealand Dollar against the US Dollar NZD USD continues to develop an upward trend, and at the moment there is a potential for the formation of the descending wave pattern Wolfe forex with a view to fall below the level of 0.7050. However, to complete the model, it is important to see a test of the upper boundary of the model at a level above the area of 0.7310. Forecast Forex New Zealand Dollar on November 3, 2016 Cancellation option will be a strong growth of quotations NZD USD pair above the level of…
Quotes Gold XAU USD continued development of a strong upward correction, but again quotes are testing the upper limit of the downward channel, where we can expect an attempt to falling prices Gold down. Cancellation option will be a breakdown of the upper boundary of the channel and the continued growth of quotations and price of gold above the level of 1350. XAU USD forecast gold price on November 3, 2016 An additional signal in favor of the fall is the area of the resistance test for the relative strength indicator, which also points to the drop since the current…
Quotes Dollar Yen currency pair USD JPY continues to fall in line with expectations and at the moment there is a potential for further reduction to below 101. We continue to keep selling Yen Dollar currency pair, stop the transaction moved to the entry point and expect the Fed’s decision on rates, which can completely change the situation in the forex market. USD JPY forecast Dollar Yen on November 3, 2016 Also, do not rule out an attempt to increase the pair quotes at 104.50 whim to complete the formation of the right shoulder forex head and shoulders pattern that…
The currency pair Canadian dollar against the US dollar USD CAD continues to trade outside of the ascending channel, which suggests an attempt to continue the growth of quotations. Once again, we are trying to buy the Canadian dollar, as oil prices have fallen quite well, but the Canadian is still trading at a level of 1.34. At these prices for oil pair USD CAD quotes should already have been tested area above the level of 1.37. USD CAD Forecast Canadian Dollar on November 3, 2016 Also do not forget that the very breakdown of the upper boundary of the…
Quotes BRENT crude oil continues to fall within the framework of the descending pattern with the Wolfe wave potential target falls below the level of 42 dollars per barrel. Cancellation option could be a strong increase in oil quotations, that in general, probably in connection with the publication of the Fed’s decision on rates. We continue to hold the sale of oil and increase the amount of short positions. Analysis and forecast oil Brent prices on November 3, 2016 Stops on deals we tightened, so that in case of correction to close all positions at a profit, but if prices…
Currency pair Australian Dollar US Dollar AUD USD continues to closely test the upper limit of the downward channel. Presently stored for potential drop pair of quotes in the rebound from the channel and the start of the descending model FX 1:1 in order to fall in the area below 0.7550. AUD USD Forecast Australian Dollar on November 3, 2016 Cancellation option will be a strong growth of quotations of the pair and the breakdown of the upper boundary of the channel, which will point to the continued growth of quotations of the Australian dollar against the US dollar. An…