The currency pair New Zealand Dollar NZDUSD completes the current week falling within the mining reversal forex head and shoulders pattern. The currency pair New Zealand Dollar now looks very bearish the pair in the forex market, due to the downward trend line test on the weekly chart, this we wrote in the forecast of NZD/USD on May 2016. Forecast NZD/USD for the week 05.16.2016 — 05.20.2016 So if you were able to open the sale of a right shoulder reversal patterns forex head and shoulders to keep their costs because capacity NZDUSD fall of quotations suggests test lows area…
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 Australian dollar against the US dollar AUDUSD completes the current week sideways. To date, the potential is maintained for a rebound under the bovine model 5-0. Also there is a test the support line on the indicator of relative strength, which also involves an attempt to increase. AUD/USD forecast for the week 05.16.2016 — 05.20.2016 Cancellation option will break through the lower boundary of the rising channel that will trigger on the pair continued downward movement of AUDUSD on the current trading week 5.16.2016 — 05.20.2016 to a local minimum. Do not forget that the pair aud/usd traded…
Dollar currency pair franc USDCHF is completing the current week as part of a dense level of resistance test. At the beginning of the current trading week, we expect a correction attempt to pair usd/chf down further in an attempt to complete the formation of inverted head and shoulders pattern which should trigger the growth of quotations on up. FOREX Forecast USD/CHF on 05.16.2016 — 05.20.2016 In the case of a deeper correction USDCHF quotations in the region at the level of 0.9450, will also assume the continuation of the formation of topping FX models. Also do not forget about…
Currency pair yen dollar USDJPY this week showed an upward correction, but the continuation of falling of quotations of the dollar, the yen, we have not seen. At the moment, there is potential for development fall within the framework of the completion of the descending pattern is 1: 1, as well as due to the downward trend line test on the indicator of relative strength. As you can see, to test the upper boundary of the channel you want to see the continued growth of quotations USDJPY to 110, then it is possible to expect the beginning of falling. USD/JPY…
The currency pair Canadian dollar against the US dollar USD CAD completes the current trading week correction. At the moment, there is a high potential for the beginning of USD/CAD quotes growth within the mining model of an inverted head and shoulders above the level for the purpose of 1.31. Forex USD CAD forecast for the week 16 — 20 May, 2016 Cancellation option increase in the Canadian dollar quotations will be a continuation of the fall to below 1.25. Also, do not forget the goal of bovine model Wolfe waves with smaller time intervals. Thus, Forex USD CAD forecast…
The currency pair Pound Dollar GBPUSD on the current trading week, showing a correction, as we expected last week forecast the pound. At the moment, there is potential for a rebound up under the test of the rising support line on the indicator of relative strength that already involves an attempt GBPUSD growth. In the last forecast, we also noted the option to test the breached neckline of an inverted head and shoulders pattern and the start of her working out, this model is still in force and in the case of a deep fall of the pound, the potential…
Quotes of oil Brent on the current trading week, try to update the field max, however, full upward movement did not happen. On the daily chart the price of oil Brent, quotes continued movement within the ascending channel that tells us about the continuation of the bullish trend for Oil. It also formed a reversal pattern on the display relative strength, which suggests an attempt BRENT quotes fall into the region at a level below 43 dollars per barrel. BRENT oil price FORECAST on 16 — 20 May, 2016 On the next trading week 05.16.2016 — 05.20.2016, also have the…
EURUSD currency pair euro dollar in the current trading week showed no significant movements in the FOREX and completes it near the level of 1.1350. At the beginning of the new trading week 05.16.2016 — 05.20.2016 is expected to attempt to euro quotations falling dollar in the region at the level of 1.1250, where there is a potential for the development of correction and reversal pattern forming head and shoulders. To do this test to see further into the region above the 1.1420 level, where you can try new Euro sales with the targets below 1.07. Forecast EUR/USD for the…
Quotes FTSE 100 stock index at the level of complete trading week close to 6103. Currently, there is potential for the formation of topping models forex head and shoulders with the subsequent development of falling stock index FTSE 100. However, quotes for the completion of the model you want to see the growth of quotations in the area above the level of 6200 to complete the right shoulder model, where should try to sell Foots index with a close stop. Forecast FTSE 100 index for the week 05/16/2016 — 05/20/2016 Potential same purpose falls in quotations Foots 100 is the…
Quotes stock index Dow Jones finish trading week at 17660. At the moment has the potential to continue fall within the beginning of working out a reversal forex head and shoulders pattern with a view to lower the level of 17100. Cancellation option will break through the local maximum level. Forecast Dow Jones index for the week 05/16/2016 — 05/20/2016 An additional signal in favor of the stock index Dow Jones falling quotations testing the resistance area on the chart. Quality area for sales will appear only after the price breaks the level of the neckline a reversal pattern. Thus,…