The currency pair Canadian dollar against the US dollar USD CAD continues to trade within the ascending channel, but at the moment there are risks to see the breakdown of the channel up, which will trigger the acceleration of the growth of quotations of the currency pair USD CAD. The target of the growth in this case is the area on a level above 1.39, from which can be expected at the beginning of a downward correction pair. USD CAD Canadian Dollar Forecast November 2016 Cancellation option of the Canadian dollar growth of quotations to a local maximum in November…
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 of WTI oil tight test area of a local maximum. To date, the weekly chart, the price of oil formed a descending pattern Wolfe waves order to fall below the level of 40 dollars per barrel. Cancellation option quotes and falling oil prices to below the level of 40 will be a strong increase in WTI quotes above the level of 54 dollars per barrel, which will point to the continued rise in oil prices in November 2016. WTI Forecast for oil prices November 2016 An additional signal favor of the implementation of trade ideas will sample the area…
Quotes BRENT crude oil traded at a local maximum. However, at this time the value of the relative strength indicator is testing the resistance line, indicating a potential rebound in November 2016, prices of oil, with the aim of falling below the level of 40 dollars per barrel. Cancellation option will drop the price of oil strong growth of quotations and sample region 54 dollars per barrel, which will point to a likely continuation of the upward trend in oil. Forecast prices BRENT oil November 2016 As you can see, the nearest support area testing the rising trend line on…
The pair AUD USD Australian Dollar continues to trade within a descending forex model 1:1 with a view to a potential fall in the pair of quotes below 0.65. Cancellation option working out such a model will be a strong growth of quotations pair AUD USD higher than 0.78, which points to the breakdown of the upper boundary of the channel and the continued growth of quotations of the Australian dollar against the US currency. The forecast of the Australian dollar in the November 2016 An additional signal in favor of the Aussie falling in November 2016 in favor of…
Currency pair pound dollar GBP USD continues to trade within a descending forex model 1:1 in order to fall below the level of 1.12. Currently, there are risks of continuing upward correction for the pair pound dollar remains high and the potential for reduction of quotations after the correction. GBP USD rate forecast for the British Pound on November 2016 Cancellation option pound depreciation against the American currency in November 2016 will be a strong growth of quotations pair GBP USD higher than 1.25, which indicates the continuation of an upward trend for the pair. However, any high-quality signal in…
Currency pair EUR USD EUR USD continues to trade within the model triangle and at the moment there is a high probability to see the test the lower boundary of the model in November 2016 for the euro. Cancellation option can become a strong growth of quotations and sample area 1.14 closing prices, which will indicate the quotations output up beyond forex triangle patterns. An additional benefit of the main signal and test the lower boundary of its breakdown acts breaking through the trend line on the indicator of relative strength, which indicates the closing price on the chart below…
Quotes Gold XAU USD finished the trading week test the upper limit of the downward channel. At the moment, there is the potential for the drop in prices and the prices of gold in the area below the level in 1180 as part of the beginning of the descending forex 1: 1 model. An additional signal in favor of the fall is the test of the broken trend line on the indicator of relative strength; it also points to the likely reduction XAU USD quotes. Gold XAU USD forecast for the week October 24, 2016 — October 28, 2016 Cancellation…
The currency pair New Zealand dollar NZD USD finished the trading week upward correction and at the moment has the potential to fall under the mining bearish Wolfe wave model in order to reduce the level below 0.65. Forex NZD USD Forecast October 24, 2016 — October 28, 2016 In favor of the fall and also supports the formation of the descending pattern forex 5-0 on the relative strength indicator, which indicates a drop since the current levels, will be the abolition of the breakdown of the descending channel on the upper limit of the relative strength indicator. Forex NZD…
Currency pair USD CHF forex trading week completed the growth and breakdown of the upper boundary of the triangle model. On the next trading week, there is potential for further growth of quotations in the area above the level of 1.02. USD CHF FOREX forecast October 24, 2016 — October 28, 2016 An additional signal in favor of the growth is the breakdown of the trend line on the indicator of relative strength, which also indicates a continued growth. USD CHF FOREX forecast October 24, 2016 — October 28, 2016 suggests an attempt to test 1.02 in the framework of…
Dollar Yen currency pair USD JPY closed the week near resistance levels, but at the moment is preserved for potential drop in prices in the rebound from the top of the rising channel, as well as through dense resistance test on the indicator of relative strength. The purpose of the fall in this case is the area at a level below 102. USD JPY forecast October 24, 2016 — October 28, 2016 Cancellation option will be a strong growth of quotations of dollar yen pair above the level of 104.50, which points to the breakdown of the top channel and…