The currency pair Canadian dollar against the US dollar USD CAD completes the current trading week higher. However, the potential for a fall start is stored on the next trading week due to the formation of topping models forex head and shoulders. USD CAD forecast for the week 8 August — 12 August, 2016 If the Canadian dollar will not be able to update the area of a local maximum at the beginning of the trading week, in this case, there is the potential for further drop in prices USD CAD to below 1.27. Cancellation of this option will be…
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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 USD JPY is trying to start from the lows, but the quality of the signal in the form of the support line on the indicator of relative strength is not followed. At the moment there is a potential for continued growth of quotations currency pair dollar yen in the area above the level of 103.50, from which we can expect a rebound. In the case of penetration of the field of 104, it will point to the continued growth of quotations USD JPY in the area above the level of 106. USD JPY Forecast Japanese Yen 8 August…
The currency pair USD CHF ends the current week growth, but at the beginning of next week has the potential to start quotations USD CHF falling within the descending pattern 5-0. Also of note is that the pair is trading within a triangle pattern and in case of breaking through the upper boundary of the model is expected to attempt the development of an uptrend and mining models. Forecast FOREX USD CHF on 8 August — 12 August, 2016 Cancellation option franc falling within 5-0 of the descending pattern will break through the level of the upper border of the…
The currency pair New Zealand dollar NZD USD continues to trade within the framework of the formation of the descending pattern Wolfe waves. An additional signal in favor of the continuation of falling of quotations NZD USD appears to complete formation of a head and shoulders pattern, which also confirms the idea of trading with a continuation of falling of quotations NZD USD. NZD USD Forecast for the week 8 August — 12 August, 2016 The immediate goal of reducing New Zealand dollar is the area on the level below 0.69. Cancellation option will drop the pair NZD USD strong…
Quotes Gold XAU USD ends the current trading week of the fall. And already in the beginning of the next trading week retained the potential for further price declines in the gold mining within the forex pivot head and shoulders pattern on the indicator of relative strength. XAU USD forecast for the week 8 August — 12 August, 2016 The immediate goal of the fall XAU USD quotes is the area below the level of 1250. Cancellation option on Gold prices fall will be a strong mouth quotes and break of 1370 closing prices. An additional signal for the continuation…
Currency pair EUR USD continues to trade in line with expectations and our euro forecast for tomorrow. At the moment, there is potential for growth in the beginning of the bull within the mining model Wolfe Waves with the upside EUR USD quotes above the level of 1.1120. Forex Forecast EUR USD Euro Dollar on July 26, 2016 Cancellation option of upward movement for the pair will drop the euro quotations against the dollar below the level 1.0950, which will point to a continuation of the fall. An additional signal in favor of the beginning of the growth of quotations…
Currency pair pound dollar GBP USD is trading fully in line with expectations and our forecast the pound to the dollar tomorrow. Currently, there are risks to the beginning of growth in mining within the inverted head and shoulders pattern with a view above the level of 1.35. GBP USD rate forecast for the British Pound July 26, 2016 Cancellation option will break through the 1.3040 level, which indicates a potential continuation of the downtrend for the pair GBP USD to below 1.26. Increase the amount of purchases only after the shedding of the level of the neckline. GBP USD…
Currency pair Australian dollar against the US dollar AUD USD continued to fall and was not able to develop an upward correction in the framework of an inverted head and shoulders pattern. However, an currently retained potential for growth by forming a bullish failure swing pattern on the indicator of relative strength. Forecast Australian Dollar AUD USD on July 26, 2016 The target of AUD USD quotations growth is the area above the level of 0.7510. Cancellation option of the growth of the Australian dollar against the US dollar fall in the camp of the pair below the level of…
Quotes BRENT crude oil continued to fall and is currently testing the support area in the form of a trend line. The current price structure suggests an attempt to rebound from a level below the area of $ 46 per barrel. Forecast BRENT oil prices on July 26, 2016 Therefore, in the near future is expected to start in the BRENT oil prices within the mining bovine model three Indian. Cancellation option will be the upward movement of a drop in prices and oil prices below $ 44 per barrel, which will indicate the dance continued to fall below the…
The currency pair Canadian dollar against the US dollar USD CAD continued its growth in line with expectations and is currently trading above the local maximum level. However, here we can expect the beginning of falling of quotations USD CAD as part of the descending pattern Wolfe waves. Canadian Dollar Forecast on USD CAD July 26, 2016 An additional signal in favor of the fall is the test of the descending line of resistance on the relative strength indicator, which also suggests a drop in prices USD CAD is already with the current levels. Cancellation option will be the fall…