Currency pair pound dollar GBP USD continues to trade within the descending pattern of 1:1. The purpose of the fall and testing of such a model is the area on the level below 1.26. GBP USD Forecast July 12, 2016 Pound sterling At smaller time period there is a potential for the formation of the descending pattern head and shoulders, indicating a continuation of the fall of the pound against the dollar since the current levels. Cancellation option will be a strong growth of quotations GBP USD in the area above the level of 1.31, 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 Australian dollar against the US dollar AUD USD continues to trade within the formation of topping models forex head and shoulders. AUD USD dollar exchange rate forecast July 12, 2016 Currently we should expect the test, try the area above the level of 0.7570, where you can try new selling the pair AUD USD with a close stop. Cancellation option will be the fall of the Australian dollar strong increase in quotes above the level of 0.76, which will lead to the abolition of the model’s head and shoulders and point to continued growth in the currency pair…
Quotes of oil BRENT struck down triangle pattern, indicating a continuation of the drop in oil prices to below $ 42 a barrel within the mining model triangle. OIL price forecast BRENT on July 12, 2016 Cancellation option will be the fall of quotations strong growth in the price of oil and the penetration level of 51 dollars per barrel. Also, the penetration level of $ 47 may indicate the end of the upward trend and the potential spread of oil from the deep objectives below. OIL price forecast BRENT on July 12, 2016 assumes a drop in the BRENT…
The currency pair Canadian dollar against the US dollar USD CAD broke through the upper boundary of the triangle pattern, which indicates continued growth in the region above the level of 1.32. USD CAD Forecast Canadian Dollar on July 12, 2016 Cancellation option can be a strong drop in prices USD CAD in the area below the level of 1.28, which would provoke a continuation of the fall to the level of the lower boundary of the triangle model. An additional signal in favor of the continued growth and testing of the model triangle breakout resistance line appears on the…
Quotes of the dollar yen currency pair USD JPY continues to fall inside the descending pattern with 5-0 potential target below 99. USD JPY Forecast Dollar Yen on July 12, 2016 Cancellation option drop in prices USD JPY will be a strong growth of the dollar against the yen above the level of 103.50, it will point to a continuation of upward correction. An additional signal for the continuation of falling of pair USD JPY testing the descending trend line on the indicator of relative strength, which also suggests the dollar’s decline. USD JPY Forecast Dollar Yen on July 12,…
Quotes Gold XAU USD showed strong growth, most likely, investors believe in gold after the decision on an exit from the EU ended England. XAU USD price forecast for gold on July 12, 2016 However, at this moment we should expect the continuation of the correction attempt XAU USD quotes in the area on the lower level in 1310, where you can try to buy with tight stop. An additional signal in favor of continuing growth XAU USD will test the rising support line on the indicator of relative strength. XAU USD price forecast for gold on July 12, 2016…
Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continued to rise and were able to upgrade the region highs. NZD USD Forex forecast for July 12, 2016 However, at the moment there is a risk of falling in the beginning part of working out a bearish Wolfe wave model with a potential target at a level below 0.730. Cancellation option of falling quotations NZD USD pair will continue to grow above the level of 0.73, which will lead to the cancellation of options with working models of Wolfe waves. An additional signal in favor…
The currency pair USD CHF continues to trade in line with expectations and our forecast of the Swiss franc. At the moment, there is the potential to start falling in the rebound from the resistance line on the indicator of relative strength, which points to a drop in prices to USD CHF below 0.98. USD CHF Forecast Swiss Franc on July 12, 2016 Cancellation option will be the strong franc quotations growth higher than 0.9990. USD CHF Forecast Swiss Franc on July 12, 2016 suggests an attempt of modest growth the pair USD CHF in the area above the level…
Currency pair EUR USD ends the week near the level of the local minimum. At the beginning of the next trading week on the euro, the dollar, we expect continuation of falling of attempt and of the descending pattern with 5-0 potential target at levels below 1.09. EUR USD forecast Euro exchange rate July 11, 2016 — July 15, 2016 However, in the subsequent growth is expected to continue in the framework of working out bovine Wolfe wave model with a view above the level of 1.15. Cancellation option to continue the growth of quotations EUR USD pair will fall…
Currency pair pound dollar GBP USD continued to fall and ends the current week en local minimum level. As part of the descending pattern is expected to continue to decline below the level of 1.26. GBP USD Forecast Forex July 11, 2016 — July 15, 2016 However, in the near future we expect the beginning of the upward correction in the area above the level of 1.35, which can finish 5-0 and downward model will point to a continuation of falling of quotations GBP USD to below 1.20. Cancellation option of 5-0 descending pattern can become a strong growth gbp…