The currency pair Canadian dollar against the US dollar USD CAD models completely fulfilled his head and shoulders on the indicator of relative strength. At the moment, there is the potential to start the correction in the rebound from the resistance line on the indicator of relative strength. Forex Forecast USD CAD on July 21, 2016 Cancellation option quotations falling USD CAD will break through the trend line on the indicator RSI, which will point to the potential growth further up in the area above the level of 1.31. Forex Forecast USD CAD on July 21, 2016 suggests an attempt…
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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 will continue to rise, but the potential to fall within the scope of working out the model failed to display relative strength is maintained. The purpose of reduction of quotations USD JPY is the area on the level below 105. USD JPY Forecast Japanese Yen exchange rate on 21.07.2016 Cancellation option falling dollar yen pair will be a strong growth of quotations and penetration level of 107, which will lead to the abolition of the potential for the formation of an inverted head and shoulders pattern with the right shoulder to…
Quotes Gold XAU USD continues to test the area of the rising channel’s lower border, indicating the potential rebound of growth and development of the price of gold for the purpose at a level above 1350. XAU USD Gold price forecast on July 21, 2016 Cancellation option to continue the upward movement will fall XAU USD quotes and break of 1310 closing prices, that will indicate cancellation of mining bovine model 1:1 and the XAU USD continued to fall below the level of 1270. XAU USD Gold price forecast on July 21, 2016 assumes continued growth in the rebound from…
Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continued to fall, but again the values of the relative strength indicator is testing the support area, which may indicate a potential rebound of quotations and a pair of correction development. NZD USD Forecast New Zealand Dollar on July 21, 2016 But do not rule out the continuation of the fall in the framework of working off a large downward wave pattern Wolfe with the potential to reduce the level below 0.66. Cancellation option of continuing drop in prices NZD USD will be strong growth and…
Currency pair USD CHF Franc the dollar could not continue to fall within the framework of the descending pattern 5-0. However, at the moment conserved potential to continue falling in the rebound from the resistance line on the indicator of relative strength. USD CHF Forecast Frank rate on July 21, 2016 Also do not forget that the USD CHF quotes are testing the upper boundary of the descending pattern of 1:1 on the daily chart, which suggests the existence of a serious area of resistance at these levels. Cancellation option of falling of pair USD CHF will be a strong…
Currency Pound Yen GBP JPY continues to trade in the forex reversal pattern within the head and shoulders. To date, close quotes are testing the neckline, a break of which will trigger the continuation of GBP JPY falling to below 134. GBP JPY forecast Pound against the yen on July 21, 2016 Cancellation option pound yen pair falling will be strong growth above the level of 141, which will lead to the cancellation of the forex head and shoulders pattern and could trigger an upward correction in the model value upward. GBP JPY forecast Pound against the yen on July…
Quotes Dollar Index DXY tight test area 97, but here goes the resistance line of the descending pattern Wolfe waves. Therefore, in the near future we may see an attempt to fall in the dollar against all currency pairs within the working out of this model. Dollar Index forecast on July 25, 2016 — July 29, 2016 Moreover the model indicates a decrease in the dollar index to below 91. An additional signal in favor of the beginning of the DXY index quotations fall is the test of the descending trend line on the indicator of relative strength. Here we…
Currency pair EUR USD continues to trade within the descending pattern 5-0 and the pair is trying to build on areas of resistance. At the moment, we expect EUR USD quotes drop to below 1.09. EUR USD forecast Euro against the dollar on July 19, 2016 Cancellation option to continue falling euro dollar forex pair will be strong price growth above the level of 1.12, which regards to the cancellation option fall and potential growth to EUR USD above 1.14 level. EUR USD forecast Euro against the dollar on July 19, 2016 suggests an attempt correction to 1.11, where is…
Currency pair pound dollar GBP USD is trading within the forex pivot head and shoulders pattern. At the moment, there is the potential for the growth of quotations of the pound in the region at the level of 1.3320, where one can try to sell the pair with the tight stop. GBP USD Forecast pounds on July 19, 2016 The purpose of the fall is the area at the level of the neckline, which points to continued breakout quotes GBP USD to fall to a level below 1.30. Cancellation option mining model head and shoulders will be a strong growth…
Currency pair Australian dollar against the US dollar AUD USD is still trading within the descending pattern Wolfe waves with a potential target of the fall to below 0.7300 area. AUD USD Forecast Australian Dollar on July 19, 2016 Cancellation option quotations falling AUD USD will be strong growth of the pair above the 0.7650 level, which points to a continuation of the upward movement above the level of 0.78. The immediate goal of the fall of the Australian dollar quotations can be identified area of support 0.7470. Additional signals in favor of the continuation of falling AUD USD may…