Currency pair Australian Dollar AUD/USD showed test the lower boundary of the rising channel on the current trading week. As you can see, bullish pattern 5-0 has completed the formation. FOREX AUD/USD Forecast May 30, 2016 — June 3, 2016 At this point we expect the start of the upward movement with a potential target higher than 0.79. Additional forex signal in favor of the aud/usd growth in the upcoming trading week testing the rising trend line on the indicator of relative strength. Cancellation option can be a break through the lower boundary of the channel, and a drop in…
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 pound dollar GBP/USD continued to rise this week. At the moment, there is the potential to see a correction in the pound area at levels below 1.4550, and if the pound dollar continues to fall, it is likely to see a continuation of the downtrend. GBP/USD Forecast for next week 30.05.2016 — 03.06.2016 In favor of such an option in favor of formation of topping model head and shoulders on the indicator of relative strength. However, in the case of growth of the pound above the local maximum formed a descending pattern waves Wolf, which will indicate a…
Currency pair EUR/USD ends the week down current. At the moment, there is the potential to complete the bullish pattern of 1:1 in order to rise above the level of 1.1750. EUR/USD Forecast for next week 30.05.2016 — 03.06.2016 Cancellation option of such a model will drop the euro dollar to the current trading week below 1.0950. To complete the model, it is important to see the test level of 1.1080, where one can try to buy the pair EUR USD with a short stop. An additional signal in favor of the growth is the test rising trend line on…
Exchange the Dow Jones ends trading week higher. At the moment, there is the potential for the formation of an inverted head and shoulders pattern. To do this, you must see a drop in the DOW JONES quotations area at 17550, where we can expect the beginning of growth and a new maximum level. Dow Jones Forecast May 30, 2016 — June 3, 2016 Cancellation option can be a continuation of quotations index falling below 17280 levels, it cancels the inverted head and shoulders pattern. Target of the pattern may be a region above the level of 18300. Dow Jones…
Exchange S&P 500 index ends the week of serious growth. At the moment, it also should expect the test area highs above level 2110, where you can try to sell with a close stop. S&P 500 Forecast May 30, 2016 — June 3, 2016 An additional signal to the index fall of quotations will test resistance in the downtrend line indicator of relative strength. Cancellation option of falling can be a strong growth and penetration resistance levels above 2150. S&P 500 Forecast May 30, 2016 — June 3, 2016 assumes the field test in 2110, which is expected to rebound…
Exchange DAX index showed a slight growth of quotations. However, at the moment there is a potential for falling within the descending pattern head and shoulders. DAX 30 Forecast May 30, 2016 — June 3, 2016 The purpose of the fall of DAX 30 index of quotations on the current trading week may be a region at a level below 9040 Cancellation option may be an increase in quotes above the level of 10547. We are trying to sell to the right shoulder of the model and are ready to increase the volume of sales of the index breaks the…
Exchange the NASDAQ 100 index ends trading week higher. At the moment, there are no reversal patterns. As an index signal on sale can be used to test the down trend line indicator RSI. NASDAQ 100 Forecast May 30, 2016 — June 3, 2016 As you can see, there is still potential for further growth in the region high at 4580. From that level we can expect the development of a fall. NASDAQ 100 Forecast May 30, 2016 — June 3, 2016 index suggests growth of quotations in the resistance area at 4580, where you can try to sell with…
Exchange FTSE 100 index also showed a correction within the framework of the formation of topping models forex head and shoulders. We are trying to sell the FTSE 100 index with a close stop. FTSE 100 Forecast May 30, 2016 — June 3, 2016 The signal in favor of the fall is the test and the descending trend line on the indicator of relative strength. Cancellation option index falling to the current trading week May 30, 2016 — June 3, 2016 can become a strong growth above the level of 6440. To increase the volume of sales is the neckline…
The Exchange’s Nikkei 225 Index is still trading within the descending pattern of 1:1. The purpose of working out the area below 14000. Nikkei 225 Forecast May 30, 2016 — June 3, 2016 Cancellation option can become a strong growth of quotations Nikkei 225 above the level of 17500. It also completes the formation of the descending pattern head and shoulders, which already indicates a drop from current levels later on down. An additional signal acts as the formation of a similar model in the display relative strength. Nikkei 225 Forecast May 30, 2016 — June 3, 2016 suggests drop…
The price of natural gas NGAS continue to be traded within the descending pattern. At the moment, there is the potential to continue fall within the beginning of working out the bearish pattern of 1: 1. Natural gas Forecast May 30, 2016 — June 3, 2016 The purpose of the fall is the area below the local minimum. Cancellation option will be a strong increase in gas prices NGAS higher than 2.30, which will lead to the cancellation option fall. Natural gas Forecast May 30, 2016 — June 3, 2016 suggests an attempt to fall from the upper limit of…