Currency pair Australian dollar against the US dollar AUD USD shows ascending correction and development at the moment there is a quality top-down model of 1:1 on the continuation of the fall from the level of 0.7680. An additional signal in favor of the fall is the test of the descending trend line on the indicator of relative strength, it also points to the drop since the current levels. Technical analysis and forex forecast AUD USD on November 2, 2016 Cancellation option will be a strong increase in the Australian dollar quotations higher than 0.77, which points to the continued…
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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 develop compensation and contrary to expectations, could not break through the lower boundary of triangle forex pattern. At this point the potential for the drop is retained in the rebound from the top of the descending channel. Forecast Forex Pound Sterling GBP USD on November 2, 2016 Cancellation option will increase in quotes pound strong dollar above the level of 1.24, which indicates the continuation of upward correction for the pair GBP/USD. The immediate goal of the fall is the area on the level below 1.18. Forecast Forex Pound Sterling GBPUSD on…
Currency pair EUR USD EUR USD continues to develop upward correction and currently quotes practically tested the upper limit of the downward channel, where we can expect the beginning of the fall of the euro against the US dollar. Cancellation option will be a strong growth area and the breakdown of 1.1030 closing prices that will point to a continuation of the rising correction for the EUR USD. Forex Euro Dollar Forecast EUR USD on November 2, 2016 In favor of the fall is the test of the descending trend line on the indicator of relative strength, as well as…
Quotes Gold XAU USD finished the trading week higher at the level of 1275. At the moment, gold quotes are testing the upper limit of the downward channel, there is also formed the descending forex model 1: 1 with the potential to reduce the XAU USD quotes in the area below the level of 1180. In the fall of benefit also acts test the descending resistance line on the indicator of relative strength. Gold XAU USD forecast on October 31, 2016 — November 4, 2016 Cancellation option quotations falling and the price of gold will be strong price growth above…
The currency pair New Zealand dollar NZD USD finished the trading week at 0.7163. At the moment, preserved potential for falling NZD USD quotes at the beginning of working out the framework bearish Wolfe wave model. Forex NZD USD Forecast on October 31, 2016 — November 4, 2016 Cancellation option will be a strong growth of quotations of the New Zealand Dollar higher than 0.76, which indicates the abolition of forex model and the continued growth of quotations. In favor of the fall will be a breakdown of the uptrend line on the pair. We continue to hold to sell…
Currency pair USD CHF forex trading week of 0.9873 has completed. Currently quotes pushed off from the resistance area. As you can see, as one of the options should be considered an attempt to test the support line on the indicator of the relative strength and the beginning of the growth of quotations of dollar pair Frank in the area above the level of 1.01. Cancellation may be the formation of topping Forex Head and Shoulders pattern that points to the fall of quotations and testing Forex Wolfe wave model in order to reduce the level below 0.95. USD CHF…
Dollar Yen currency pair USD JPY closed the week at 104.68. Currently quotes are back inside the rising channel, which indicates a drop in prices pair Dollar Yen to decline at a level below the area 102. Cancellation option will be a strong growth of quotations USD JPY higher than 106, which will indicate the full output of the channel, quotes and a continuation couples of quotations growth in the area above the level of 109. USD JPY forecast on October 31, 2016 — November 4, 2016 However, as the primary option in favor decrease in quotations below 102 in…
The currency pair Canadian Dollar to US Dollar USD CAD finished the trading week higher at 1.3393. At the moment, the pair quotes struck uplink upper border, indicating that the attempt to continuation of growth of pair of quotes in the area above the level of 1.37. USD CAD forex forecast on October 31, 2016 — November 4, 2016 Cancellation option will drop in the Canadian dollar quotations below the level of 1.31, which indicates the return of a pair of USD CAD into the channel, and drop to the lower limit. We continue to try aggressive buying a pair…
Quotes BRENT crude oil finished the trading week of 50.67 dollars per barrel. At the moment, preserved potential for a fall in quotations within the breakdown of the trend line on the indicator of relative strength, as well as in the beginning of the mining triangle forex pattern on the indicator of relative strength. Forecast BRENT oil price on October 31, 2016 — November 4, 2016 We continue to hold the sale of oil and increase the amount of short positions on crude oil, the cancellation option will BRENT strong growth of quotations above the local maximum level that points…
The pair AUD USD AUD closed the week at 0.7594. currently quotes pair continues to trade within the forex triangle patterns. There remains potential for further reduction of quotations couple sample the lower boundary of the model triangle that points to the continued decline in the area below the level of 0.72. AUD USD Forecast on October 31, 2016 — November 4, 2016 Cancellation option will be a strong growth of quotations AUD USD higher than 0.77, which points to the breakdown of the upper limit of forex model, this option indicates the continuation of an upward trend. AUD USD…