Author: 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 USD CHF forex continues to test the upper limit of the downward channel. With the current levels should not expect a rebound attempt and the development of a downward movement for the purpose at a level below 0.91. USD CHF Forex forecast — May 24, 2016 Cancellation option will increase in quotes falling dollar above the level of 0.9950 franc. An additional signal acts as the resistance area test indicator of relative strength. We try to sell the pair usd chf the tight stop. USD CHF Forex forecast — May 24, 2016 involves pair falling dollar quotes franc…

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Quotes of the currency pair New Zealand dollar NZD USD continues to test punched the border triangle. We continue to hold the sale of a New Zealander with a close stop. FOREX NZD USD Forecast — May 24, 2016 The purpose of the fall is the area at the level of 0.66. Cancellation option will be a strong growth of quotations of the pair above the 0.6850 level. An additional signal in favor of the fall is the formation of reversal pattern head and shoulders on the indicator of relative strength. FOREX NZD USD Forecast — May 24, 2016 suggests…

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Quotes of gold XAU USD continues to fall within the framework of working out a reversal pattern head and shoulders on the indicator of relative strength. XAU USD Gold price forecast — May 24, 2016 As you can see the values punched the neckline and at the moment can show fall even lower. The purpose of the fall of quotations Gold is the area at the level of 1220. The cancellation option below XAU USD quotes will drop the growth of quotations and price of gold above the level of 1270. XAU USD Gold price forecast — May 24, 2016…

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Quotes of the dollar yen currency pair USD JPY slightly gone beyond the upper boundary of the channel. However, the potential for the continuation of falling of quotations is preserved. We continue to hold a short position in the pair usd jpy with a tight stop. FOREX USD JPY Forecast — May 24, 2016 An additional signal in favor of the fall is the formation of reversal pattern failure swing on the indicator of relative strength. Cancellation option falling dollar yen pair quotes will be strong growth above the level of 110.70. FOREX USD JPY Forecast — May 24, 2016…

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Quotes of WTI crude oil continues to trade near the resistance level. At the moment the price breaks the level of 47.50 dollars per barrel, has the potential to continue fall within mining reversal pattern double top. Price of WTI crude oil forecast — May 24, 2016 The purpose of the fall in this case is the area at a level below 45.50 dollars per barrel. Cancellation option drop of WTI crude oil quotes will rise in oil above the level of 49.70 dollars per barrel price. We continue to hold the sale of oil from a close stop. Price…

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Currency pair USD CAD Canadian Dollar is testing the resistance area. At the moment, there is the potential for the pair fall in quotations within the mining model failure swing on the indicator of relative strength. Cancellation option will be strong growth in USD CAD higher than 1.32. USD CAD Forecast FOREX — May 24, 2016 The purpose of the fall is the area on the level below 1.30. USD CAD Forecast FOREX — May 24, 2016 assumes the fall of the Canadian dollar in the framework of working out a reversal pattern on the indicator of relative strength. EUR…

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Currency pair pound dollar GBP/USD is trading fully in line with expectations and our forecast GBP/USD. As you can see, the reversal pattern head and shoulders already fulfilled its purpose. GBP USD Forecast FOREX — May 24, 2016 At the moment, there is the potential for the continuation of falling of quotations of the dollar to the pound at 1.44. Where we should expect a rebound attempt and the development of an upward movement in the framework of the test the uptrend line on the indicator of relative strength. We continue to hold a short position in the pair, however,…

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Quotes of the euro dollar pair continues to test the area below the 1.1220 level. We expect growth in an attempt to EUR USD quotes in the area above the 1.1350 level, in the framework of completion of work on a reversal pattern on the display relative strength. EUR USD Forecast FOREX — May 24, 2016 Cancellation option of upward correction will drop the euro dollar quotations below 1.1150. We continue to hold the sale, however, stop at the transaction moved close to the current price in the event of correction to withdraw from the market at a profit. In…

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Quotes BRENT crude oil continues to test the area of a local maximum. At the moment, there is potential for development of a model double top reversal. BRENT crude oil forecast — May 24, 2016 The aim BRENT quotations fall is the area at the level of below $ 46 per barrel. Cancellation option of falling prices of oil will rise above the level of 50.50 dollars per barrel. An additional signal in favor of the fall will break through the support level near 47.50, which trigger a continuation of falling and testing of reversal pattern. BRENT crude oil forecast…

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Currency pair Australian dollar continues to trade within the bullish wave pattern Wolfe. The purpose of growth is the area at a level above 0.74. AUD USD Forecast FOREX — May 24, 2016 Cancellation option of quotations growth aud usd pair will fall below the level of 0.7150. We continue to keep buying the pair with the tight stop. An additional signal in favor of the growth is the test of the lower boundary of the rising channel on the aud/usd daily chart AUD USD Forecast FOREX — May 24, 2016 suggests an attempt to continue the Australian dollar growth…

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