Currency pair pound dollar GBP USD continues to trade within the forex pivot head and shoulders pattern. Currently quotes pound against the US dollar broke through the neckline pattern, indicating a continuation of the fall and mining purposes at a level below 1.28. GBP USD Forecast Pound on FOREX July 21, 2016 Cancellation option quotations falling GBP USD will be strong growth in the pair and the penetration level of 1.33, which points to a continuation of the upward movement and a potential reversal of the pound against the dollar. Also, do not exclude the possibility of a broken neck…
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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 Australian dollar against the US dollar AUD USD is still trading within the descending pattern Wolfe Wave in order to develop to a level below the 0.7250 area. Currently quotes pair broke the support line, which indicates the continuation of the reduction in the framework of mining models. AUD USD Forecast Australian Dollar on 07/21/2016 But do not rule out an attempt to test the broken line, and only then of USD AUD quotations fall to below 0.7250. Cancellation option will be the mining model strong growth of the Australian dollar against the US dollar above the 0.77…
Quotes BRENT crude oil continues to fall within the beginning of the mining punched forex triangle patterns with the potential to reduce to below 42 dollars per barrel. Cancellation option will be a strong growth BRENT quotes above the level of 52 dollars per barrel. Forecast BRENT oil prices on July 21, 2016 An additional signal in favor of continuing decline in oil prices has become a test of the descending trend line on the indicator of the relative strength and rebound from this line. Forecast BRENT oil prices on July 21, 2016 assumes continuation of reduction within the framework…
The currency pair Canadian dollar against the US dollar USD CAD models completely fulfilled his head and shoulders on the indicator of relative strength. At the moment, there is the potential to start the correction in the rebound from the resistance line on the indicator of relative strength. Forex Forecast USD CAD on July 21, 2016 Cancellation option quotations falling USD CAD will break through the trend line on the indicator RSI, which will point to the potential growth further up in the area above the level of 1.31. Forex Forecast USD CAD on July 21, 2016 suggests an attempt…
Quotes of the dollar yen currency pair USD JPY will continue to rise, but the potential to fall within the scope of working out the model failed to display relative strength is maintained. The purpose of reduction of quotations USD JPY is the area on the level below 105. USD JPY Forecast Japanese Yen exchange rate on 21.07.2016 Cancellation option falling dollar yen pair will be a strong growth of quotations and penetration level of 107, which will lead to the abolition of the potential for the formation of an inverted head and shoulders pattern with the right shoulder to…
Quotes Gold XAU USD continues to test the area of the rising channel’s lower border, indicating the potential rebound of growth and development of the price of gold for the purpose at a level above 1350. XAU USD Gold price forecast on July 21, 2016 Cancellation option to continue the upward movement will fall XAU USD quotes and break of 1310 closing prices, that will indicate cancellation of mining bovine model 1:1 and the XAU USD continued to fall below the level of 1270. XAU USD Gold price forecast on July 21, 2016 assumes continued growth in the rebound from…
Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continued to fall, but again the values of the relative strength indicator is testing the support area, which may indicate a potential rebound of quotations and a pair of correction development. NZD USD Forecast New Zealand Dollar on July 21, 2016 But do not rule out the continuation of the fall in the framework of working off a large downward wave pattern Wolfe with the potential to reduce the level below 0.66. Cancellation option of continuing drop in prices NZD USD will be strong growth and…
Currency pair USD CHF Franc the dollar could not continue to fall within the framework of the descending pattern 5-0. However, at the moment conserved potential to continue falling in the rebound from the resistance line on the indicator of relative strength. USD CHF Forecast Frank rate on July 21, 2016 Also do not forget that the USD CHF quotes are testing the upper boundary of the descending pattern of 1:1 on the daily chart, which suggests the existence of a serious area of resistance at these levels. Cancellation option of falling of pair USD CHF will be a strong…
Currency Pound Yen GBP JPY continues to trade in the forex reversal pattern within the head and shoulders. To date, close quotes are testing the neckline, a break of which will trigger the continuation of GBP JPY falling to below 134. GBP JPY forecast Pound against the yen on July 21, 2016 Cancellation option pound yen pair falling will be strong growth above the level of 141, which will lead to the cancellation of the forex head and shoulders pattern and could trigger an upward correction in the model value upward. GBP JPY forecast Pound against the yen on July…
Quotes Dollar Index DXY tight test area 97, but here goes the resistance line of the descending pattern Wolfe waves. Therefore, in the near future we may see an attempt to fall in the dollar against all currency pairs within the working out of this model. Dollar Index forecast on July 25, 2016 — July 29, 2016 Moreover the model indicates a decrease in the dollar index to below 91. An additional signal in favor of the beginning of the DXY index quotations fall is the test of the descending trend line on the indicator of relative strength. Here we…