Quotes Gold XAU USD continues to fall in line with expectations and our daily forecast for the gold price. At the moment, there is the potential to continue falling in the area at the level of 1220 in the framework of the completion of the formation of topping model head and shoulders on the indicator of relative strength. Cancellation option could be a strong increase in prices on the Gold May 11, 2106 above the local maximum level, but this option we consider unlikely. XAU USD forecast today: May 11 2016 Thus, XAU USD forecast today: May 11 2016 suggests a…
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 New Zealand dollar NZD USD Forex continues to fall within the mining model forex head and shoulders, but already at the moment there is a potential for the development of upward correction in the region at the level of 0.68 to test the neckline is broken. Cancellation of the same variant of continuation of falling within the mining forex head and shoulders pattern will increase in quotes above 0.7050 levels. NZD/USD daily forecast: May 11 2016 Thus, NZD/USD daily forecast: May 11 2016 suggests an attempt correction in the rebound from the support area on the indicator…
Currency pair USD CAD Canadian Dollar Forex tight testing resistance area. At the moment there is a potential for a fall to below 1.2850 levels to form a reversal pattern Forex inverted head and shoulders continuation of upward correction. Cancellation option can become a strong growth in USD / CAD quotes to 1.30. An additional benefit of the same signal in the fall is the formation of the reversal pattern at smaller time intervals. USD CAD Technical Analysis today: May 11 2016 Thus, USD CAD Technical Analysis today: May 11 2016 suggests an attempt to fall in the rebound from the…
Currency pair USD / JPY Forex is still trying to grow, but now the value of the relative strength indicator again assume fall under the mining reversal pattern head and shoulders. From current levels we expect a drop in prices attempt USD JPY, but the update lows are ready to try to buy with tight stop, as part of the beginning of the mining bullish wave pattern Wolfe. USD JPY forecast today: May 11 2016 Thus, USD JPY forecast today: May 11 2016 suggests a drop in prices pair Dollar Yen under the mining forex head and shoulders pattern on…
Currency pair USD CHF forex testing the resistance area of the upper boundary of the descending channel that could provoke the fall of the pair of quotes in an area at 0.9580. Cancellation of the drop in prices USD CHF will be strong growth above the level of 0.9770. An additional signal in favor of the fall is the test of the descending trend line on the indicator of relative strength, it also points to the depreciation of the USD / CHF. USD CHF forecast today: May 11 2016 Thus, USD CHF forecast today: May 11 2016 suggests the fall…
The pair AUD USD Australian Dollar continues to trade on the FOREX in line with expectations and our forecast weekly AUD / USD. At the moment, formed an inverted head and shoulders pattern on the hourly chart of the Australian dollar, which implies an attempt to increase at a level above 0.7430. Cancellation option will update the field local minimum. We try buying aud usd with tight stop. Cancellation option will break through the level of formation of the right shoulder model. Australian Dollar forecast today: May 11 2016 Thus, Australian Dollar forecast today: May 11 2016 suggests an attempt…
Currency pair pound dollar GBP / USD continues to test the FOREX support area at 1.4440. We should expect a rebound attempt and growth in the region at a level above 1.46. Cancellation option could be a drop in prices of the currency pair GBP USD below 1.44, which indicates an area in the fall to below 1.4150. An additional signal in favor of correction testing the rising trend line on the RSI indicator of relative strength. GBP/USD analysis and forecast today: May 11 2016 Thus, GBP/USD analysis and forecast today: May 11 2016 suggests an attempt to upward correction…
Quotes BRENT crude oil continues to trade within the Forex pivot head and shoulders pattern. The purpose of the fall is still the area at the level of below $ 40 per barrel. Cancellation option for oil 11 May 2016 falling prices will rise above the level of quotations BRENT forming the right shoulder of the model 45.60 dollars. We continue to hold short positions in oil with a close stop. As the fall in oil prices 05.11.2016 ready to increase the volume of sales. Crude OIL price forecast: May 11 2016 Thus, Crude OIL price forecast: May 11 2016…
Currency pair EUR USD on FOREX continues to build on the areas of support, indicating the attempt to increase the euro dollar quotations to a local maximum, from which we can expect the euro dollar reversal. An additional signal in favor of the beginning of the upward correction in favor of the trend line and the test on the display relative strength. Cancellation option will drop in prices EUR USD 1.1350 below the level that indicates a drop to the nearest support at 1.1250 below. Forecast EUR USD Today: May 11 2016 Thus, the EUR USD Forecast Today: May 11,…