Quotes BRENT crude oil continued to test highs and was able to tightly touch the downtrend line on the indicator of relative strength. At the moment, we can expect the beginning of falling to below $ 46 per barrel. BRENT oil price forecast – May 18, 2016 Cancellation option will break through the trend line on the indicator RSI, which will lead to an acceleration of the current uptrend, while the value of the indicator is at the bottom, is expected to fall to 46 or lower. We try selling BRENT crude oil with a close stop. And with the…
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 forex trading is fully in line with expectations and our forecast for tomorrow GBP USD. GBP USD Forecast FOREX – May 18, 2016 At the moment there is a potential for a fall to below the 1.4420 level for the formation of an inverted head and shoulders pattern, then we can expect the beginning of growth of quotations of GBP/USD. Cancellation option can be either a continuation of the growth rate dollar pound forex above the level of 1.45, which will lead to continuing growth as part of our week GBP USD Forecast 05/16/2016 -…
The pair AUD USD on FOREX showed an upward movement, but for the moment retained the potential for growth within the mining inverted head and shoulders pattern that is within our bullish scenario based forecast AUD/USD for the week 05/16/2016 – 05/20/2016. AUD USD Forecast FOREX – May 18, 2016 To complete the formation of inverted head and shoulders pattern is necessary to see the test below 0.73, where you can try to buy the AUD/USD with a close stop. Cancellation option will be the continuation of the fall and upgrade the level of the local minimum. Thus, AUD USD…
Currency pair USD CHF forex continues to test the area of highs; there are still risks of falling in the rebound from the resistance area. USD CHF Forecast FOREX – May 18, 2016 The purpose of the fall and the region can act at a level below 0.96. An additional signal in favor of reducing the USD/CHF testing the descending trend line on the indicator of relative strength, which also points to the drop from the current levels. In case of continuation of the fall down to the level of 0.94 the potential to bounce up will continue. Thus, USD…
Currency pair USD/JPY continues to trade in the forex near the level of 109.47. At the moment, there is the potential for the drop in prices, the yen the dollar to below the level of 108.40 in the framework of working out a reversal pattern failure swing. USD JPY Forecast FOREX – May 18, 2016 We are trying to sell the currency pair USD JPY tight stop with the development of the fall ready to increase the volume of sales. Cancellation option of reduction of quotations USD JPY will be the growth of the dollar yen pair in FOREX above…
Currency pair USD CAD Canadian Dollar Forex was unable to complete the formation of the forex bullish wave pattern Wolfe. USD CAD Forecast FOREX – May 18, 2016 Currently the pair is trading within a triangle pattern, a break that up, provoke the growth of quotations USD CAD in the area above the level of 1.30. Cancellation option may be breaking through the model down; in this case it is necessary to switch to the bearish scenario. Thus, USD CAD Forecast FOREX – May 18, 2016 involves the attempt to increase the Canadian dollar quotations in the potential of breaking…
The currency pair New Zealand dollar NZD USD continues to test the forex area breached the neckline resistance reversal pattern head and shoulders. NZD USD Forecast FOREX – May 18, 2016 We continue to hold the sale nzd/usd and we expect continuation of falling and breaking through the level of the local minimum. Moreover, with the development of the fall we are ready to increase the volume of sales. Target of the pattern is still the area at a level below 0.66. Cancellation option will break through the level of the neckline up. Thus, NZD USD Forecast FOREX – May…
Quotes Gold XAU USD continues to try to fall in the rebound from the resistance line on the indicator of relative strength. There is a potential for a fall in the region at a level below 1220. Gold Price Forecast today – May 18, 2016 Cancellation option drop in prices the price of gold will be strong growth of quotations XAU USD above the level of 1290, which will lead to the cancellation of options to fall. Consider selling gold is worth the price breaks the support level of 1250. Thus, Gold Price Forecast today – May 18, 2016 suggests…
Quotes of WTI oil has shown significant growth, however, has at the moment there is a potential for the development of correction to below $ 47 per barrel. WTI oil price forecast – May 18, 2016 The signal in favor of the fall is the test of the descending trend line on the indicator of relative strength, which provides for WTI quotes drop since the current levels. We try to sell oil with a close stop. Cancellation option will drop WTI strong growth of oil above the level of 49 dollars per barrel. Thus, WTI oil price forecast – May…
Natural gas prices continued downward movement within the 1:1 model. Thick test the upper boundary of the channel was not here. At the moment there is a potential for continued growth in the region above the level of 2.17 in the rebound from the support line on the indicator of relative strength. Natural Gas Prices Forecast – May 18, 2016 However, the overall thrust of the gas for the continuation of the fall to a minimum is maintained. Cancellation option of development of the downward trend for natural gas prices will be strong price growth above the level of 2.40,…