Currency pair USD CHF Franc the dollar continues to move in line with expectations and is currently testing the support area close to the 1.0120 level. Also, there is the potential for a rebound and the development of an upward movement within the mining bullish forex model 5-0 with a potential target of growth above the level of 1.02. USD CHF Forecast Swiss Franc on December 14, 2016 Cancellation option will quote the output of the rising channel’s lower border and fall to 1.0050, that will indicate the continued decline in the area below the level of 1.0020. Important news…
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Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues moving inside the descending pattern forex, 5-0. At the moment, there is the potential for a tight test 0.7240 area, where we can expect the fall in an attempt to start within the mining model with the potential to reduce the area below 0.6950. NZD USD Forecast December 14, 2016 In favor of the fall is the formation of the descending pattern and Wolfe waves for the purpose of falling below the 0.70 area. Cancellation option will be a strong pair of quotes growth FOMC…
Quotes Gold XAU USD continues moving inside the descending channel and is currently trying to build on the level of resistance, indicating a continued decline in quotations and prices for gold in the area below the level of 1150. XAU USD price forecast for gold on December 14, 2016 Cancellation option will be a strong growth of quotations XAU USD above the level of 1170, which indicates the continuation of the rising correction to above the level of 1205. Acceleration of the fall should not expect a breakdown field of a local minimum. In favor of the fall is the…
Quotes of the dollar yen currency pair USD JPY continues to move in the forex complete model bearish wave Wolfe. To do this, there is potential for growth in the area above the level of 116, where we should expect falling of pair of quotes in the area below the level of 112.50. USD JPY forecast dollar exchange rate on December 14, 2016 Cancellation option will continue to grow above the level of 117, which points to the breakdown of the resistance area and the pair continued growth of quotations. In favor of the fall since the current levels in…
The currency pair Canadian dollar against the US dollar USD CAD continues to move in the bovine model shark preserved potential for a slight decline to below the level of 1.3090, where we can expect the beginning of the upward correction. In favor of the beginning of the growth model will perform sample Wedge on the indicator of relative strength. USD CAD Forecast Canadian Dollar on December 14, 2016 Potential purpose of the Canadian dollar growth of quotations in the framework of completion of work on Shark pattern is the area above the level of 1.33. Cancellation option will drop…
Quotes of oil BRENT brand showed a minor correction in the framework of the closing of the price gap. At the moment, there is the potential for another test area of the local maximum and the beginning of reduction of development. In favor of reducing the formation of topping comes forex head and shoulders pattern on the indicator of relative strength, as well as failure swing pattern that points to the breakdown of the support area at $ 55.70 per barrel with a potential drop to the lower boundary of the rising channel. Forecast for the BRENT oil price on…
Currency pair pound dollar GBP USD continues to move in the bullish channel with a potential target of growth above the level of 1.2720, however, when the data is expected to reduce the levels in the rebound from the resistance line on the indicator of relative strength. We continue to hold to sell the pair and willing to try new positions with decreasing development. With the breakdown of the rising channel’s lower border is expected to continue falling in the framework of the weekly forecast the pound. GBP USD Forex Forecast Pound Dollar on December 14, 2016 Cancellation option will…
Currency pair EUR USD EUR USD continues to develop upward correction within the forex head and shoulders pattern. At the moment, preserved potential to test 1.07 area, where is expected to fall within the beginning of the mining model with a potential target of the fall below the level of 1.03. EUR USD Forecast on December 14, 2016 Cancellation option will reduce the strong growth and the breakdown field of 1.08, which points to the quotes leaves the channel. We continue to hold to sell the pair and willing to try new short positions at the time of completion of…
Quotes Gold XAU USD continued to decline in the current trading week. At the moment quotes are testing the lower boundary of gold rising forex 5-0 model, which could trigger a rebound attempt and development of ascending correction to the nearest resistance levels located near the area in 1207, where is again expected to decline again. XAU USD Forecast on December 12, 2016 — December 16, 2016 Already at the time of the test area 1207 will be the potential for a decline in the framework of the descending forex model 1:1 in order to fall below the level of…
The currency pair New Zealand dollar NZD USD ends the week of the current correction. At the moment, preserved potential for falling of pair within quotation of the descending forex 5-0 model with the potential to decrease below 0.69 area. But do not rule out an attempt to test the upper boundary of the channel, and only after that to continue fall. NZD USD Forecast on December 12, 2016 — December 16, 2016 Cancellation option will be a strong growth of quotations NZD USD 0.7270 and a break area that will point to a continuation of upward correction. Also do…