Currency pair EUR USD Euro Dollar on Forex completed last month growth, but we have not yet gone beyond the lateral movement in the pair. Only a strong break of 1.17 will lead to the beginning of the upward movement and attempt to work out the price range in which the euro, the dollar was trading for over a year. At the beginning of May 2016, we expect an attempt to rebound from the resistance level of lateral movement, which implies a drop in the EUR USD region at a level below 1.10. Forex Forecast Euro Dollar (EUR/USD) on May…
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.
FOREX Forecast 05/13/2016 The review presents an analysis of currencies EUR/USD, GBP/USD, USD/CHF, AUD/USD, NZD/USD, USD/JPY, USD/CAD for the 05/13/2016. Forex forecast AUD/CAD AUD/CHF AUD/JPY AUD/NZD AUD/USD CAD/CHF CAD/JPY CHF/JPY EUR/AUD EUR/CAD EUR/CHF EUR/CZK EUR/DKK EUR/GBP EUR/HUF EUR/JPY EUR/NOK EUR/NZD EUR/PLN EUR/SEK EUR/TRY EUR/USD GBP/AUD GBP/CAD GBP/CHF GBP/JPY GBP/NZD GBP/USD NZD/CAD NZD/CHF NZD/JPY NZD/USD USD/CAD USD/CHF USD/CNH USD/CZK USD/DKK USD/HKD USD/HUF USD/ILS USD/JPY USD/MXN USD/NOK USD/PLN USD/RUB USD/SEK USD/SGD USD/TRY USD/ZAR XAG/USD XAU/USD for the 05/13/2016.
The pair AUD USD Australian Dollar continues to trade in line with expectations and our forecast of USD AUD for tomorrow. Currently on the daily chart of the pair has the potential to continue to grow the Australian dollar quotations in the region at a level above 0.76. Cancellation of this variant of movement for the pair AUD / USD will drop in prices below the level of 0.7250 Aussie. An additional signal in favor of the beginning of the upward movement of the pair testing the rising trend line on the indicator of relative strength, which also involves an…
Currency pair EUR USD continues to trade on FOREX within our expectations and the euro dollar forecast for tomorrow. As you can see, the pair quotes are repelled from the area of support, the upside target area can come out here at a level above 1.1520. Cancellation option will drop the growth of quotations EUR USD below 1.1350, it will show a drop down further. Qualitative signal in favor of the continuation of the fall will be the formation of topping forex head and shoulders pattern on the indicator of relative strength, it is necessary to see the growth of…
Quotes BRENT crude oil continue to test the area above the level of 45 dollars per barrel. However, the risk of falling is already 12 May 2016 remain unchanged. As you can see, there is a downward wave Wolfe, and there is potential for it with a view to working out at a level below 40 dollars per barrel. Cancellation option of the descending wave Wolfe oil will be a strong growth of quotations and price of oil BRENT above the level of 48 dollars per barrel. We continue to hold the sale of oil and are ready to increase…
Currency pair pound dollar GBP/USD in the FOREX continues to test the support area close to the four-hour chart. The purpose of growth is the area at a level above 1.46. Cancellation option of upward movement on GBP USD pair will drop in prices below the level of 1.44, which may well provoke a movement in the area below the level of 1.40. An additional signal in favor of the growth is the test and the rising support line on the indicator of relative strength, it also points to the growing attempt already from current levels. GBP USD Analysis and…
Currency pair USD CHF forex continues to build on the upper limit of the downward channel. The aim of the dollar franc quotations fall is the area below the 0.9580 level, from which we can expect the beginning of growth in mining within the inverted head and shoulders pattern. Cancellation option drop in prices USD CHF May 12, 2016 will be a strong growth and break through the upper boundary of the descending channel, in this case, we should expect continued growth in the region at the level of 0.9970. FOREX USD/CHF Forecast: May 12 2016 Thus, FOREX USD/CHF Forecast:…
Currency pair USD JPY Forex continues to attempt to fall in the rebound from the resistance area on the indicator of relative strength. Here we attempt to anticipate the fall in a local minimum in the region below 104. Then at the time of the test lows will be the potential for growth within the mining start bovine model Wolfe waves with high goals. USD JPY forecast today May 12 2016 Thus, USD JPY forecast today May 12 2016 the drop assumes an attempt to level 104 within the completion of bovine WOLF model waves.
Currency pair USD CAD Canadian Dollar continues to trade on the Forex in line with expectations and our forecast for tomorrow usd cad. Currently we should expect the continuation of the fall of the Canadian dollar quotations in the region at a level below 1.28 for the completion of the formation of the right shoulder model, and then we should expect the continuation of USD CAD quotations growth in the region at a level above 1.31. An additional signal in favor of the beginning of growth will test the uptrend line on the RSI indicator of relative strength. USD CAD…
The currency pair New Zealand dollar NZD USD Forex correction continues development. Currently we should expect the test of the neckline is broken pivot forex head and shoulders pattern. However, further more we will attempt to fall within the framework of the continuation of mining reversal pattern. We continue to hold the sale NZD USD and are ready to increase sales with the tight stop. The overall goal of the fall and the mining model head and shoulders is the area below the level of 0.66. Cancellation option will increase in quotes above the New Zealand dollar level of the…