Quotes of the currency pair New Zealand Dollar against the US Dollar NZD USD continues to trade within the forex Wedge pattern. To date, saved the potential for falling NZD USD quotations for the purpose at a level below 0.71. NZD USD Forecast New Zealand Dollar on August 26, 2016 We continue to hold short positions on the pair with a close stop. Cancellation option will be the fall of the New Zealand Dollar breakout above 0.7430 area, which point to continued growth. An additional signal in favor of the fall is the test of the descending trend line on…
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 USD CHF is trading fully in line with expectations and our forecast USD CHF for tomorrow. Due to this movement of the pair we can qualitatively increase the amount of long positions in the pair and look forward to continued growth in the region above the level of 0.9780 within the working out of an inverted head and shoulders pattern. USD CHF Forecast Dollar against the Swiss Franc on August 26, 2016 Cancellation option of this growth will be a drop in prices USD CHF below 0.9600; it will cancel the model, but do not forget about…
FOREX Forecast EUR/JPY on 26 August, 2016 Currency pair EUR JPY continues to develop the next structure to reduce the lower boundary of the consolidation. With the breakdown of the lower limit down, opens the potential to perfect the level 110.20. FOREX Forecast GBP/JPY on 26 August, 2016 Currency pair pound yen, virtually performed correction. Today we consider the possibility of reducing the breakdown channel growth and the continued development of the fifth, with a view on the level of 126. FOREX Forecast NZD/USD on 26 August, 2016 The currency pair New Zealand dollar against the US dollar, has completed…
EUR USD Forecast Euro Dollar on 26 August, 2016 Currency, the euro dollar is trading at 1.1246, as we see the pair quotes, struck level of support pivot forex Double top model that assumes the continuation of the euro quotations fall to below 1.1160. Cancellation option will drop strong growth and a break above the resistance area of 1.1360, which will indicate an attempt to repeal the model and the growth of quotations in the area above the level of 1.14. An additional signal in favor and the fall is the beginning of the descending pattern Wolfe waves, indicating that…
Currency pair EUR USD showed strong growth in the current trading week, however, this movement took place in line with expectations, and the overall picture is in favor of continuing the fall of the euro dollar quotations did not change in the near future. Currency pair EUR USD continue to trade within a large triangle pattern, indicating that the continuing uncertainty, we see a strong movement since the breakdown of the model to one side. EUR USD Forecast Euro Dollar on 22 August — 26 August, 2016 Based on the daily chart of the euro the dollar, there is a…
Currency pair pound dollar GBP USD showed an increase of the current trading week at the beginning of working out a reversal pattern failure swing. At the moment, there is the potential to see the fall of the pound currency pair quotes the dollar to below the local minimum. Forex GBP USD Forecast 22 August — 26 August, 2016 As you can see, the descending pattern forming 1:1, which points to a rebound from the upper border of the channel and continue the quotation GBP USD falling to 1.27. Cancellation option working out such a model would be the breakdown…
The pair AUD USD at the current trading week, continued tight test resistance area at 0.77. To date, the potential is retained for fall within the framework of the beginning of working out a bearish wave Wolfe for the purpose of falling below the 0.72 area. AUD USD forecast for the week 22 August — 26 August, 2016 Cancellation option working out such a model will be a strong growth of quotations AUD USD above 0.78 level that cancels the model and point to continued growth in the Australian dollar. An additional signal in favor of the drop in prices…
Quotes BRENT crude oil continued to rise in the beginning of mining within the inverted forex model head and shoulders, and at the moment have approached the level of the neckline. On the next trading week will be the potential for the breakdown of this level and attempts to continue the rise in oil prices BRENT. Forecast of oil BRENT on 22 August — 26 August, 2016 Cancellation option will be a sharp drop in prices of oil in the area below the level of the right shoulder, then it is necessary to consider only the sale and expected to…
The currency pair Canadian dollar against the US dollar USD CAD showed a serious decline in this trading week, due to the strong rise in oil prices. However, at this point quotations pair USD CAD enjoy the support of the lower boundary of the rising channel, which indicates a potential rebound and growth in the region set out above the level of 1.32 on the next trading week. USD CAD forecast for the week 22 August — 26 August, 2016 If the pair can break through the lower boundary of the area, in this case, we can expect the formation…
Currency pair USD JPY continued to fall in the current trading week. At the moment, there is potential for further drop in prices USD JPY to below 99 within the framework of completion of work on the model’s head and shoulders. USD JPY Forecast Japanese Yen on 22 August — 26 August, 2016 Cancellation fall will be strong growth in the dollar yen pair above the level of 103.50, which points to the development of upward correction with the purpose of rising above the level of 106. Additional signals to bounce up will test the support line on the indicator…