Currency pair USD/JPY continued to fall in the downward trend. At the moment, there is potential for further drop in prices pair. As you can see, the nearest support on the relative strength indicator is slightly lower and the dollar against the yen is still room to fall. USD JPY Forecast June 20, 2016 — June 24, 2016 We continue to hold the sale of USD/JPY, and are ready to increase the volume of short positions on the pair. Cancellation option can become a strong growth of quotations of dollar yen in the area above the level of 106. USD…
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 Canadian dollar against the US dollar USD/CAD is trading fully in line with expectations and our previous forecast USD/CAD. USD CAD Forecast June 20, 2016 — June 24, 2016 At the moment, there is the potential for the formation of inverted head and shoulders pattern, and the continued growth of quotations USD CAD to an higher level of 1.32. Cancellation option can be a drop in the Canadian dollar quotations below the level of 1.27, which will lead to the cancellation of a reversal pattern. We continue to keep buying the pair and stop the transaction transferred…
Quotes of WTI crude oil also showed a correction. At the moment, we are witnessing an uptrend line penetration, which may indicate the completion of the upward correction. Forecast WTI oil prices June 20, 2016 — June 24, 2016 In this case, we can expect the beginning of falling as early as next week’s trading. Cancellation option quotes and falling oil prices will be a strong increase in WTI above the 52 dollars per barrel. An additional signal for the continuation of the fall also acts breaking through the support line on the indicator of relative strength. But also do…
Quotes of oil BRENT showed a fall and could fall below $ 50 per barrel. At the moment, oil prices are testing the uptrend line, is expected to attempt to bounce up and only then break through the line and the continued development of the downward friction BRENT oil. Forecast BRENT for the week June 20, 2016 — June 24, 2016 Cancellation option will be a drop in prices and a strong increase in local high-level update. An additional signal in favor BRENT falling of quotations will test the breached border triangle pattern on the indicator of relative strength. The…
The pair AUD USD Australian dollar held the current trading week in the descending pattern 5-0. As you can see, the pair try to start from the top of the channel, target of the fall aud/usd quotes the area at a level below 0.71. AUD USD forecast for the week June 20, 2016 — June 24, 2016 Cancellation option of falling Australian dollar against the US quotes on the next trading week will be the pair above the 0.75 level. We continue to hold the sale in the case of a new upward correction willing to try to increase sales…
Currency pair pound dollar GBP USD ends the current trading week of the fall that we expected in the last forecast GBP/USD. At the moment, there is the potential for the formation of the descending pattern is 1:1, with the potential to reduce the level below 1.39. GBP USD Forecast June 20, 2016 — June 24, 2016 At the beginning of the next trading week is expected to test the upper boundary of the descending channel and continuation of falling of quotations currency pair Pound Dollar. However, there are risks associated with BREXIT decision, which will be held June 23,…
Currency pair EUR USD ends the current week, in line with expectations. At the moment, preserved potential for formation of bullish wave pattern Wolfe. EUR USD forecast June 20, 2016 — June 24, 2016 To complete the formation of the model you want to see a test level of 1.1020, where you can try to buy the euro, the dollar with a close stop as early as next week’s trading. The aim of growth of EUR/USD and testing of such a model is the area above the level of 1.15. Cancellation option of growth within the wave pattern Wolfe will…
Trading Signals AUD/CAD on June 20, 2016 Currency pair Australian dollar to the Canadian dollar AUD/CAD on the four hour chart as a rollback, formed the figure of a flag. The potential for growth in prices is on the 0.9614 resistance level, so do not forget that the growth can greatly affect the price of oil, as part of our review of FOREX Trading Signals — June 20, 2016. Trading signals CAD/CHF on June 20, 2016 Yesterday’s trading session in the currency pair Canadian Dollar Swiss Franc CAD/CHF was closed pin bar on the level of support. This pattern suggests…
Technical analysis and forex forecast EUR/JPY on June 20, 2016 Currency pair EUR/JPY, has fulfilled another goal loss. The market was able to develop the first growth momentum. At the moment the market is trading range consolidation. Consider the possibility of breakdown up to level testing of 119.40. In case of breaking down, we do not rule out a continuation of the trend to overlap the next reduction targets at the level of 109, as part of our review of FOREX Analysis and NEWS — June 20, 2016. Technical analysis and forex forecast GBP/JPY on June 20, 2016 Currency pair…
Currency pair USD CHF Franc the dollar continued to fall, but the bullish pattern is still 5-0 and has the potential to bounce up and grow a pair of quotes dollar franc area above the level of 0.97. USD CHF forecast FOREX — June 17, 2016 The current framework for USD/CHF is regarded as a reversal pattern Forex double bottom and breaks the level of the local maximum to expect continuation of growth. Cancellation option will drop in prices below USD CHF 0.9540 level. USD CHF forecast FOREX — June 17, 2016 suggests an attempt to increase within the start…