The pair AUD USD completes the current trading week higher. However, there is still potential for the beginning of AUD USD quotations fall under the attempts of working out a reversal forex head and shoulders pattern. AUD USD forecast for the week July 11, 2016 — July 15, 2016 As you can see, the pair failed to update the domain local maximum, so it is too early to talk about the end of the potential for the development of a downtrend. USD is an additional signal to the fall of quotations AUD testing the descending trend line on the indicator…
Author: forex24pro
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.
Quotes obscurities BRENT crude oil continued to fall during the current trading week and were able to penetrate the area of the ascending channel’s lower border, which already indicates a possible corruption of the upward movement of oil. Weekly Forecast BRENT OIL July 11, 2016 — July 15, 2016 Therefore, at the beginning of the next trading week, we expect the beginning of falling BRENT oil quotations with a potential target at the level of below $ 40 per barrel. Cancellation option will drop strong growth BRENT quotes above the level of 54 dollars per barrel, which will point to…
The currency pair Canadian dollar against the US dollar USD CAD showed strong growth in the current trading week and completes its growth. At the moment, there is a potential for continued upward movement the pair USD CAD within the mining model punched triangle with a potential target of growth above the level of 1.35. USD CAD Forex forecast July 11, 2016 — July 15, 2016 Cancellation option could be the fall of the Canadian dollar quotations below the level of 1.28, which could provoke a continuation of the fall. It is also important to understand that at the moment…
Currency pair USD JPY continued to fall this week as part of the descending pattern 5-0. The purpose of the fall is the area below the level of 100, so at the beginning of the new trading week is expected to continue falling in the region of USD JPY below 99. USD JPY forecast for the week July 11, 2016 — July 15, 2016 An additional signal for the continuation of the fall is the reversal pattern forming head and shoulders on the indicator of relative strength that already tells us continuing drop in prices USD JPY. Cancellation option continuation…
The currency pair USD CHF continues to trade within the descending pattern is 1: 1. At the moment, the pair quotes have reached the level of the upper boundary of the model, which may indicate a potential rebound and the development of a downward movement in the beginning of the next trading week. Forecast FOREX USD CHF July 11, 2016 — July 15, 2016 Cancellation option fall of the currency pair USD CHF will be a strong increase in quotes above level 0.9990, which will indicate the channel is broken up and open the top of the target in the…
The pair NZD USD New Zealand dollar was unable to continue to fall within the beginning of working out a reversal pattern head and shoulders, but on the contrary showed growth and moreover canceled reversal pattern hit area of a local maximum. NZD USD Forecast for the week July 11, 2016 — July 15, 2016 However, at the moment there is a potential for a drop in prices in NZD USD within the mining bearish wave pattern Wolfe with a potential target at levels below 0.66. An additional signal in favor of the fall is the formation of reversal pattern…
Quotes Gold XAU USD could show a minor correction, but overall tool continued growth in the previous trading week. At the moment, we can expect a continuation of a downward correction for the purpose at a level below 1300 points to the conclusion that the formation of the rising pattern 5-0. XAU USD forecast for the week July 11, 2016 — July 15, 2016 The test support area at 1300 will be a good area for shopping with a tight stop. However, penetration of the area in 1300 and a drop in prices XAU USD below this level will indicate…
Trading Signals AUD/USD — July 11, 2016 On the daily chart the currency pair Australian dollar against the US dollar has formed a triangle shape on the upward movement. Most likely, this triangle will be a continuation of the upward movement and will work to resistance level 0.7667, the review FOREX Trading Signals — July 11, 2016. Trading signals XAU/USD — July 11, 2016 Gold XAU/USD after rising shall adjust and slightly frozen in anticipation of the US news. The most likely scenario of the situation is a small pullback, the formation of the flag and continued upward movement, the…
Technical Analysis and FOREX Forecast EUR/JPY — July 11, 2016 Currency pair EUR/JPY, trading under pressure to reduce. Today we consider the possibility to break down 110.86. Another aim of reducing the level 108.60, in the review of Daily Forex Analysis and NEWS — July 11, 2016. Technical Analysis and FOREX Forecast GBP/JPY — July 11, 2016 Currency pair GBP/JPY, trading under pressure to reduce. We consider today the possibility of overlap 127.30 level Technical Analysis and FOREX Forecast NZD/USD — July 11, 2016 The currency pair New Zealand dollar against the US dollar NZD/USD, executed another structure of the…
Technical analysis and forecast FOREX EUR/JPY — June 28, 2016 Currency pair EUR/JPY, now trading under pressure to reduce. In practice, the market generates a range of consolidation. The main scenario describes the exit and continued down trend. The next target for the level of 106.10. Next, return to the level of 114. Further, the reduction to the level of 104, as part of our review of Daily Forex Analysis and NEWS — June 28, 2016. Technical analysis and forecast FOREX GBP/JPY — June 28, 2016 Currency pair pound JPY GBP/JPY, trading under pressure to reduce. We expect the development…