The currency pair Canadian dollar against the US dollar USD CAD broke through the upper boundary of the triangle pattern, which indicates continued growth in the region above the level of 1.32. USD CAD Forecast Canadian Dollar on July 12, 2016 Cancellation option can be a strong drop in prices USD CAD in the area below the level of 1.28, which would provoke a continuation of the fall to the level of the lower boundary of the triangle model. An additional signal in favor of the continued growth and testing of the model triangle breakout resistance line appears on the…
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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.
Quotes of the dollar yen currency pair USD JPY continues to fall inside the descending pattern with 5-0 potential target below 99. USD JPY Forecast Dollar Yen on July 12, 2016 Cancellation option drop in prices USD JPY will be a strong growth of the dollar against the yen above the level of 103.50, it will point to a continuation of upward correction. An additional signal for the continuation of falling of pair USD JPY testing the descending trend line on the indicator of relative strength, which also suggests the dollar’s decline. USD JPY Forecast Dollar Yen on July 12,…
Quotes Gold XAU USD showed strong growth, most likely, investors believe in gold after the decision on an exit from the EU ended England. XAU USD price forecast for gold on July 12, 2016 However, at this moment we should expect the continuation of the correction attempt XAU USD quotes in the area on the lower level in 1310, where you can try to buy with tight stop. An additional signal in favor of continuing growth XAU USD will test the rising support line on the indicator of relative strength. XAU USD price forecast for gold on July 12, 2016…
Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continued to rise and were able to upgrade the region highs. NZD USD Forex forecast for July 12, 2016 However, at the moment there is a risk of falling in the beginning part of working out a bearish Wolfe wave model with a potential target at a level below 0.730. Cancellation option of falling quotations NZD USD pair will continue to grow above the level of 0.73, which will lead to the cancellation of options with working models of Wolfe waves. An additional signal in favor…
The currency pair USD CHF continues to trade in line with expectations and our forecast of the Swiss franc. At the moment, there is the potential to start falling in the rebound from the resistance line on the indicator of relative strength, which points to a drop in prices to USD CHF below 0.98. USD CHF Forecast Swiss Franc on July 12, 2016 Cancellation option will be the strong franc quotations growth higher than 0.9990. USD CHF Forecast Swiss Franc on July 12, 2016 suggests an attempt of modest growth the pair USD CHF in the area above the level…
Currency pair EUR USD ends the week near the level of the local minimum. At the beginning of the next trading week on the euro, the dollar, we expect continuation of falling of attempt and of the descending pattern with 5-0 potential target at levels below 1.09. EUR USD forecast Euro exchange rate July 11, 2016 — July 15, 2016 However, in the subsequent growth is expected to continue in the framework of working out bovine Wolfe wave model with a view above the level of 1.15. Cancellation option to continue the growth of quotations EUR USD pair will fall…
Currency pair pound dollar GBP USD continued to fall and ends the current week en local minimum level. As part of the descending pattern is expected to continue to decline below the level of 1.26. GBP USD Forecast Forex July 11, 2016 — July 15, 2016 However, in the near future we expect the beginning of the upward correction in the area above the level of 1.35, which can finish 5-0 and downward model will point to a continuation of falling of quotations GBP USD to below 1.20. Cancellation option of 5-0 descending pattern can become a strong growth gbp…
The pair AUD USD completes the current trading week higher. However, there is still potential for the beginning of AUD USD quotations fall under the attempts of working out a reversal forex head and shoulders pattern. AUD USD forecast for the week July 11, 2016 — July 15, 2016 As you can see, the pair failed to update the domain local maximum, so it is too early to talk about the end of the potential for the development of a downtrend. USD is an additional signal to the fall of quotations AUD testing the descending trend line on the indicator…
Quotes obscurities BRENT crude oil continued to fall during the current trading week and were able to penetrate the area of the ascending channel’s lower border, which already indicates a possible corruption of the upward movement of oil. Weekly Forecast BRENT OIL July 11, 2016 — July 15, 2016 Therefore, at the beginning of the next trading week, we expect the beginning of falling BRENT oil quotations with a potential target at the level of below $ 40 per barrel. Cancellation option will drop strong growth BRENT quotes above the level of 54 dollars per barrel, which will point to…
The currency pair Canadian dollar against the US dollar USD CAD showed strong growth in the current trading week and completes its growth. At the moment, there is a potential for continued upward movement the pair USD CAD within the mining model punched triangle with a potential target of growth above the level of 1.35. USD CAD Forex forecast July 11, 2016 — July 15, 2016 Cancellation option could be the fall of the Canadian dollar quotations below the level of 1.28, which could provoke a continuation of the fall. It is also important to understand that at the moment…