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.

Quotes aluminum traded within the descending wave pattern Wolfe with a common purpose fall below the level of 1200. However, there is support for the region as a rising channel that could trigger a rebound in aluminum prices in the near future on the level of 1520. Aluminum prices forecast – May 18, 2016 The breaking of the bottom of the channel will provoke a continuation of falling Aluminum within the mining bearish wave Wolfe. Also, do not rule out a correction in prices in the area above the level of 1560 for the formation of the descending pattern on…

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Quotes platinum traded under the uptrend. At the moment there is a potential for a fall to the lower boundary of the rising channel. Platinum price forecast – May 18, 2016 In favor of the falling test indicates a downward trend line on the indicator RSI. The aim of the platinum price fall is the area on the level below 1000. Cancellation option to continue the development of an upward movement will break through the rising channel’s lower border. Thus, Platinum price forecast – May 18, 2016 assumes a drop in prices in the region in 1000 as part of…

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FOREX Forecast May 18 2016 The review presents an analysis of currencies EUR/USD, GBP/USD, USD/CHF, AUD/USD, NZD/USD, USD/JPY, USD/CAD for the 05/18/2016. Forex forecast AUD/CAD AUD/CHF AUD/JPY AUD/NZD AUD/USD CAD/CHF CAD/JPY CHF/JPY EUR/AUD EUR/CAD EUR/CHF EUR/CZK EUR/DKK EUR/GBP EUR/HUF EUR/JPY EUR/NOK EUR/NZD EUR/PLN EUR/SEK EUR/TRY EUR/USD GBP/AUD GBP/CAD GBP/CHF GBP/JPY GBP/NZD GBP/USD NZD/CAD NZD/CHF NZD/JPY NZD/USD USD/CAD USD/CHF USD/CNH USD/CZK USD/DKK USD/HKD USD/HUF USD/ILS USD/JPY USD/MXN USD/NOK USD/PLN USD/RUB USD/SEK USD/SGD USD/TRY USD/ZAR XAG/USD XAU/USD for the 05/18/2016.

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The currency pair New Zealand dollar NZD USD Forex continues to test the area below the neckline is broken, which implies an attempt to continue the reduction of quotations nzd / usd farther down in the mining reversal forex head and shoulders pattern. Forex forecast of NZD/USD for tomorrow May 17, 2016 The overall goal of the fall is the area below the level of 0.65. Cancellation option will be the development of the mining model, a strong growth of quotations of the New Zealander above the level of the right shoulder, but we are ready to close the sale…

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Currency pair USD CAD Canadian Dollar continues to trade on the Forex in line with expectations and our forecast USD CAD for tomorrow. At the moment there is a potential for a fall to Canadian quotations at a level below 1.2790, where we can expect the beginning of growth within the mining bullish wave pattern Wolfe. FOREX USD/CAD forecast for today May 17, 2016 The aim of growth and mining models Wolfe wave is the area above the level of 1.30. Cancellation option can be a penetration level of 1.2750. Thus, FOREX USD/CAD forecast for today May 17, 2016 suggests…

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Currency pair USD/JPY continues to trade in the forex near the level of 108.80. At the moment, there is potential for further quotations fall within the completion of work on FOREX model failure swing on the indicator RSI. The purpose of the fall and testing of such a model is the area on the level below 108. FOREX USD/JPY forecast May 17 2016 Cancellation option will update the field and growth of 109.30 RSI indicator values higher than 70. An additional signal to fall as testing the descending line of resistance on the relative strength indicator, which also involves the…

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Currency pair USD CHF forex continues to test resistance area. At the moment, there is a high potential for a fall to below 0.96 level. Cancellation option quotations falling usd chf 17.05.2016 will be strong growth above the level of 0.98, resulting in a continuation of growth of pair usd chf in the area above the level of 1.00. FOREX USD/CHF forecast May 17, 2016 An additional signal in favor of the Swiss franc fall is the rebound from the resistance area of the RSI indicator. Thus, FOREX USD/CHF forecast May 17, 2016 suggests an attempt to fall in the…

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The pair AUD USD continued to fall in the FOREX, but in our weekly forecast AUD USD on 05.16.2016 — 05.20.2016, we have assumed an option to bounce up in the framework of the beginning of the mining model bovine 5-0. At the moment, small time intervals indicate rather the continuation of the downward trend with a view to below 0.72. Forecast FOREX AUD/USD for tomorrow May 17, 2016 Consider selling the pair at the time of the test downward trend line on the indicator of relative strength. Cancellation option of falling quotations AUD USD 17.05.2016 will be the pair above…

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Currency pair pound dollar GBP/USD Forex continues to test the support area densely inverted head and shoulders pattern, which suggests an attempt to rebound and develop quotes GBP USD growth in the area above the level of 1.45. FOREX GBP/USD Pound Dollar forecast May 17 2016 Cancellation option can be a strong drop in prices pair pound dollar below the level 1.4250, which will lead to a drop in the region at the level of 1.40. Additional forex signal in favor of the growth is the test rising trendline on the RSI indicator of relative strength, which also involves the…

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Quotes BRENT crude oil continued to rise and were able to test the area of $ 50 a barrel, but at the moment the values of the relative strength indicator clamped in the model triangle. On the one hand the penetration of such a model could push oil prices further up, on the other quotations of oil testing resistance area, which implies a drop in Brent prices in the region at a level below 48 dollars per barrel. BRENT oil prices Forecast today May 17 2016 Cancellation option will break through the level of the upper limit of the triangle…

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