Quotes XAU/USD Gold continues to trade within the framework of the formation of bullish head and shoulders pattern. With the current levels is expected to attempt to rise in gold prices in the area above the level of 1280, where you can try to sell with a close stop. XAU/USD Forecast 30.05.2016 — 03.06.2016 The purpose of the fall and testing of such a model can be an area below the 1130. Cancellation option of forming a reversal pattern forex head and shoulders could be a drop in prices XAU USD Far down below the level of 1204. XAU/USD Forecast…
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 New Zealand Dollar NZD/USD continues to trade within the bovine model 5-0. To complete this model uplink test is necessary to see the bottom border at a level below 0.66. NZD/USD Forecast May 30, 2016 — June 3, 2016 We continue to hold the sale NZD USD prior to the test the lower limit. An additional signal in favor of growth will test the rising trend line on the indicator of relative strength. Cancellation option of falling may be the continued growth of quotations of the New Zealander and breaks the level of 0.6850. NZD/USD Forecast May…
The currency pair usd/chf held the current trading week sideways. Quotes are still testing the upper limit of the downward channel. We look forward to the beginning of the descending pattern of 1:1 in order to fall to below 0.92. USD/CHF Forecast May 30, 2016 — June 3, 2016 Cancellation option will increase in quotes USD/CHF above 1.00 levels, which might push further up. An additional signal in favor of the falling dollar couple franc also stands the test downward trend line on the indicator of relative strength. USD/CHF Forecast May 30, 2016 — June 3, 2016 indicates a potential…
Currency pair USD/JPY continues to trade within the descending pattern of 1:1 in order to fall below the level of 104. Cancellation option couples fall of quotations on the current trading week May 30, 2016 — June 3, 2016 will be strong growth in USD/JPY and penetration level of 110.70 prices closure. USD/JPY Forecast May 30, 2016 — June 3, 2016 An additional signal in favor of the fall is the test of the descending trend line on the indicator of relative strength, it also points to the drop in prices since the current levels. We continue to keep selling…
The currency pair Canadian dollar against the US dollar USD/CAD, as expected in the previous survey course Canadians, went to the correction. FOREX USD/CAD Forecast May 30, 2016 — June 3, 2016 At the moment, there is potential for growth in the rebound from the rising channel’s lower border. There is formed bovine model of 1:1, which can lead to renewal of the maximum level. However, in case of break of 1.2980 we will form a reversal pattern head and shoulders that will indicate the Canadian quotations drop to below 1.25. FOREX USD/CAD Forecast May 30, 2016 — June 3,…
Quotes of WTI crude oil also continued to grow at the current trading week. Here, similar to the structure of the triangle on the values of the indicator of relative strength. WTI oil prices Forecast May 30, 2016 — June 3, 2016 The breaking down of such a model and trigger a drop in prices for WTI oil prices to below $ 45 per barrel. If there is a triangle is broken up, we can see the acceleration of the upward trend in the oil. At the beginning of the trading week, we still expect a drop in the rebound…
Quotes oil BRENT showed high level update. In general, we expect such a scenario. At the moment, for oil is a serious obstacle in the form of a test of the upper boundary of the descending channel. BRENT oil prices Forecast May 30, 2016 — June 3, 2016 The indicator of the relative strength values pushed on the resistance, there is the potential for the development of a model falling and breaking down, which also suggests a drop in oil prices to below $ 43 per barrel. In case of breaking through the upper boundary is expected to continue the…
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…
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…