Quotes of the dollar yen currency pair USD JPY despite the forward showed growth. At the moment, there is potential for the beginning of falling of pair within the limits of formation of inverted head and shoulders pattern, then we can expect the beginning of growth of quotations USD JPY. USD JPY Forecast the dollar to the yen on July 13, 2016 The purpose of working out such a model can be a region at a level above 108 Cancellation option will drop in prices pair below the level of 100, which will cancel the reversal pattern. In favor of…
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.
The currency pair Canadian dollar against the US dollar USD CAD continues to trade in line with expectations. Currently, the pair is expected to continue the growth of quotations by breaking through the upper boundary of the triangle model. USD CAD Forecast Canadian Dollar on July 13, 2016 It can be expected to accelerate the upward movement at the time of breaking the downtrend line on the indicator of relative strength. Cancellation option of continued growth of quotations USD CAD pair will fall below the level of 1.28, which points to a decline in the area below the level of…
Quotes BRENT crude oil continue to move in line with expectations and at the moment the price of oil traded below a triangle pattern borders, which implies continued drop in oil prices BRENT brand in the area below the level of 43 dollars per barrel within the mining graphic FX models. Oil price forecast BRENT on July 13, 2016 Cancellation option on Brent oil price fall will be strong BRENT quotations growth higher than 52 dollars per barrel. However, such an option, we believe it unlikely. Oil price forecast BRENT on July 13, 2016 assumes a continuation of falling of…
Currency pair Australian dollar against the US dollar AUD USD continues to trade in line with expectations and at the moment there is a potential for the continuation of decrease in pair AUD USD quotations in the region at a level below 0.7340. AUD USD Forecast Australian dollar on July 13, 2016 Cancellation option of falling Australian dollar against the US dollar quotations will be strong growth above the level 0.7580, which will lead to the cancellation of a bearish pattern Wolfe waves. Once again, we are trying to sell AUD USD with a close stop loss and we are…
Currency pair pound dollar GBP USD continues to trade within a descending model 1:1 model is somewhat stretched, but the overall trend remains downward. GBP USD Forecast Pound against the dollar on July 13, 2016 We continue to hold the sale of the currency pair GBP USD with a close stop. An additional signal for the continuation of the fall of the pound against the US dollar stands the test downward trend line on the indicator of relative strength, it also points to the drop since the current levels. But do not exclude the option to increase the upper boundary…
Currency pair EUR USD continues to trade within the descending pattern 5-0. The purpose of the fall of quotations EUR USD continues to the area below the level of 1.09, from which we can expect the beginning of growth of the euro against the US dollar within the mining bullish wave pattern Wolfe for the purpose at a level above 1.15. EUR USD Forecast euro against the dollar on July 13, 2016 We continue to hold the sale EUR USD with a close stop loss. Cancellation option continued fall of the euro dollar pair will be strong growth of quotations…
Currency pair EUR USD continues to fall inside the descending pattern 5-0. The potential to reduce the area on the level below 1.09. EUR USD Euro Dollar Forecast on July 12, 2016 Cancellation option euro dollar pair will fall strong growth and penetration level of 1.12. We continue to build sales of EUR USD with a close table and in the case of development of correcting and breaking the upper border of the channel ready to close a deal to sell and try to buy with targets above level 1.14. EUR USD Euro Dollar Forecast on July 12, 2016 suggests…
Currency pair pound dollar GBP USD continues to trade within the descending pattern of 1:1. The purpose of the fall and testing of such a model is the area on the level below 1.26. GBP USD Forecast July 12, 2016 Pound sterling At smaller time period there is a potential for the formation of the descending pattern head and shoulders, indicating a continuation of the fall of the pound against the dollar since the current levels. Cancellation option will be a strong growth of quotations GBP USD in the area above the level of 1.31, which points to the continued…
Currency pair Australian dollar against the US dollar AUD USD continues to trade within the formation of topping models forex head and shoulders. AUD USD dollar exchange rate forecast July 12, 2016 Currently we should expect the test, try the area above the level of 0.7570, where you can try new selling the pair AUD USD with a close stop. Cancellation option will be the fall of the Australian dollar strong increase in quotes above the level of 0.76, which will lead to the abolition of the model’s head and shoulders and point to continued growth in the currency pair…
Quotes of oil BRENT struck down triangle pattern, indicating a continuation of the drop in oil prices to below $ 42 a barrel within the mining model triangle. OIL price forecast BRENT on July 12, 2016 Cancellation option will be the fall of quotations strong growth in the price of oil and the penetration level of 51 dollars per barrel. Also, the penetration level of $ 47 may indicate the end of the upward trend and the potential spread of oil from the deep objectives below. OIL price forecast BRENT on July 12, 2016 assumes a drop in the BRENT…