Currency pair USD CAD Canadian Dollar is testing the resistance area. At the moment, there is the potential for the pair fall in quotations within the mining model failure swing on the indicator of relative strength. Cancellation option will be strong growth in USD CAD higher than 1.32. USD CAD Forecast FOREX — May 24, 2016 The purpose of the fall is the area on the level below 1.30. USD CAD Forecast FOREX — May 24, 2016 assumes the fall of the Canadian dollar in the framework of working out a reversal pattern on the indicator of relative strength. EUR…
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.
Currency pair pound dollar GBP/USD is trading fully in line with expectations and our forecast GBP/USD. As you can see, the reversal pattern head and shoulders already fulfilled its purpose. GBP USD Forecast FOREX — May 24, 2016 At the moment, there is the potential for the continuation of falling of quotations of the dollar to the pound at 1.44. Where we should expect a rebound attempt and the development of an upward movement in the framework of the test the uptrend line on the indicator of relative strength. We continue to hold a short position in the pair, however,…
Quotes of the euro dollar pair continues to test the area below the 1.1220 level. We expect growth in an attempt to EUR USD quotes in the area above the 1.1350 level, in the framework of completion of work on a reversal pattern on the display relative strength. EUR USD Forecast FOREX — May 24, 2016 Cancellation option of upward correction will drop the euro dollar quotations below 1.1150. We continue to hold the sale, however, stop at the transaction moved close to the current price in the event of correction to withdraw from the market at a profit. In…
Quotes BRENT crude oil continues to test the area of a local maximum. At the moment, there is potential for development of a model double top reversal. BRENT crude oil forecast — May 24, 2016 The aim BRENT quotations fall is the area at the level of below $ 46 per barrel. Cancellation option of falling prices of oil will rise above the level of 50.50 dollars per barrel. An additional signal in favor of the fall will break through the support level near 47.50, which trigger a continuation of falling and testing of reversal pattern. BRENT crude oil forecast…
Currency pair Australian dollar continues to trade within the bullish wave pattern Wolfe. The purpose of growth is the area at a level above 0.74. AUD USD Forecast FOREX — May 24, 2016 Cancellation option of quotations growth aud usd pair will fall below the level of 0.7150. We continue to keep buying the pair with the tight stop. An additional signal in favor of the growth is the test of the lower boundary of the rising channel on the aud/usd daily chart AUD USD Forecast FOREX — May 24, 2016 suggests an attempt to continue the Australian dollar growth…
Quotes Gold XAU USD trading week complete fall. At the moment, we can expect continuation of falling gold prices. The purpose of the fall is the area of the lower boundary of the channel at the level of 1220. Forecast prices Gold week 23.05.2016 — 27.05.2016 Where possible uptrend correction. With the channel breaks down, it is necessary to expect continuation of falling prices for gold in the area nearest the support near 1180. An additional signals to rebound, testing the support line on the indicator of relative strength. Forecast prices Gold week 23.05.2016 — 27.05.2016 assumes the continuation of…
The currency pair New Zealand dollar NZD USD ends week extension of the current fall. At the moment, there is the potential to see a test of the rising channel’s lower border. NZD USD forecast next week 23.05.2016 — 27.05.2016 We continue to hold the sale NZD USD. Already near the lower boundary of the channel at the level of 0.66, should try to buy. An additional signal in favor of the growth is the beginning of the test the support line on the indicator of relative strength. Cancellation option of growth within the mining bovine model 5-0, will break…
The currency pair USD CHF ends the current week as part of a strong upward movement. At the moment, there is potential for a rebound from the upper border of the channel and of the fall. USD CHF forecast next week 23 — 27 May 2016 Cancellation option will increase in quotes usd chf pair above the level of 1.00, which would provoke a continuation of growth of pair within the working off of Wolfe wave with target at level of 1.02. Therefore, at this moment we should try to sell the USD CHF with a close stop. USD CHF…
Currency pair USD JPY this week showed qualitative upward movement. At the moment, there is the potential for the development of a pair of quotes fall in the rebound from the resistance line on the indicator of relative strength. USD JPY forecast next week 23 — 27 May 2016 An additional signal in favor of falling of pair USD JPY on the current trading week 05/23/2016 — 05/27/2016 testing the upper limit of the downward channel. We continue to keep selling the pair with the tight stop. Cancellation option will be the fall of the strong growth of quotations of…
The currency pair Canadian dollar against the US dollar USD CAD completes the current trading week with a strong upward movement. At the moment, there are risks of correction to a broken neckline of an inverted head and furnace model. FOREX USD CAD forecast 23.05.2016 — 27.05.2016 After that is expected to continue rising in the vision area above the level of 1.3350. Cancellation option of continuing USD CAD growth of quotations in the week 23.05.2016 — 27.05.2016 will drop the pair below 1.2800. What lead to the cancellation of an inverted head and shoulders pattern. The purpose of growth…