Currency pair EUR USD continues to trade within the descending pattern Wolfe waves in order to develop below the level of 1.10. At the moment, there is the potential to complete the forex head and shoulders pattern, which also points to a continuation of the fall, however, try new selling the euro against the dollar only after the breakdown of the neckline. Cancellation option fall of quotations EUR USD mill strong growth of quotations and the breakdown of 1.1260 areas, which point to the abolition of the forex head and shoulders patterns, and continued growth in the euro against the…
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.
Currency pair EUR USD closed the week at 1.1163, currently retained potential for continuation of falling of euro dollar quotations within mining bearish wave pattern Wolfe at a level below 1.10 area. EUR USD Forecast on September 5, 2016 — September 9, 2016 Cancellation option EUR USD will fall the strong price growth above the level 1.1350, which will point to the abolition of the forex wave pattern Wolfe. An additional signal for the continuation of the fall will be the completion of the formation of topping models forex head and shoulders, but do not rule out a drop since…
Currency pair pound dollar GBP USD finished the current trading week at 1.3307. Currently quotes pound traded at the upper boundary of the model triangle, which points to a potential rebound and fall in quotes pound against the dollar with the target of the lower boundary of the model. GBP USD Forecast on September 5, 2016 — September 9, 2016 Cancellation option of falling pound against the US dollar next week, trading can become a top model breakdown border triangle that points to the continued growth of quotations pair GBP USD, in this case we should expect the pair to…
Currency pair Australian dollar AUD USD closed the week at 0.7567, currently retained potential for the pair AUD USD quotations fall within the beginning of working out a reversal pattern Forex Head and Shoulders. AUD USD Forecast on September 5, 2016 — September 9, 2016 Also do not forget about practicing bearish Wolfe wave model, which we have not seen complete. At the beginning of the new trading week, we expect to see growth in the region trying to 0.7690, to complete a model of the right shoulder, where you can try to sell the AUD USD with a close…
Quotes BRENT crude oil ended the trading week at $ 46.73 a barrel. In general, oil continues to trade within the forex model 5-0 with a potential target of the fall to below $ 40 a barrel. Forecast BRENT oil on September 5, 2016 — September 9, 2016 At the moment, we can expect complete upward correction and continue the quotations falling and oil prices. Cancellation option can become a strong growth of oil BRENT brand and sample the upper boundary of the descending pattern 5-0, that will indicate a potential further increase in general to complete the drop in…
The currency pair Canadian dollar against the US dollar USD CAD finished the trading week at 1.2996. Currently we should expect the beginning of growth of pair within quotation mining forex inverted head and shoulders pattern, which indicates a potential test of the upper boundary of the rising channel at a level above 1.34. USD CAD Forecast on September 5, 2016 — September 9, 2016 Cancellation option will drop in prices pair frost 1.28 field that cancels the reversal pattern. Increase the volume of purchases of the pair USD CAD is only a breakdown of the neckline above the level…
Dollar Yen currency pair USD JPY closed the week at 103.84. To date, saved the potential for rebound and began falling USD JPY quotes as part of the descending pattern of 1:1 in order to fall below 99. USD JPY Forecast on September 5, 2016 — September 9, 2016 Cancellation option of falling of pair of quotes for the next trading week will be a strong growth area and the breakdown of the upper boundary of the descending channel that will indicate at the end of fall and beginning of upward correction with targets above the area 106. An additional…
Currency pair USD CHF forex trading has finished the week at 0.9798. Currently quotes franc is still trapped within the model triangle that points to the continued uncertainty in the foreign exchange market. Forecast USD CHF on September 5, 2016 — September 9, 2016 At the beginning of the trading week is expected to attempt to continue falling in the rebound values of the indicator of the relative strength of the descending resistance line and a new attempt to increase the upper boundary of the triangle model. Another test of the upper boundary of the model can cause a breakdown…
The currency pair New Zealand dollar NZD USD finished the trading week at 0.7293. despite the attempt of growth of quotations after the release of US unemployment data pair is not able to update the local maximum region, indicating the potential continuation of falling of quotations NZD USD at the beginning of the next trading week. NZD USD Forecast on September 5, 2016 — September 9, 2016 An additional signal in favor of the fall is the formation of topping models forex head and shoulders on the daily chart of the pair, which indicates the completion of the right shoulder…
Quotes Gold XAU USD finished trading at the level of 1321. To date, the week Gold is trading within the rising channel, and we have seen that the lower boundary of the channel acts as quality support area for gold. XAU USD gold price forecast on September 5, 2016 — September 9, 2016 On the next trading week will be the potential for the beginning of growth of quotations XAU USD to the upper boundary of the model Triangle, in favor of this option stands the test rising support line on the indicator of relative strength. However, we should not…