Friday, December 15, 2017

Analyst from the company ForexMart

Analyst from the company ForexMart (ForeksMart)

Technical analysis of the levels of Pivot 23.06.

EUR / USD
A pair trading above Pivot 1,11539 levels above SMA and 20, 50 and 100. MACD increases slightly. RSI is reduced. Apparently a couple waiting for the flat within the established range. Support levels: 1.11325, 1.11156, 1.10942. Resistance Levels: 1.11708, 1.11922, 1.12091

GBP / USD
Couple seeks upward, breaking the Pivot 1,266745 level and the first resistance level of 1.26596. Pound almost managed to consolidate above the SMA200 on the hourly chart. RSI perekuplennosti decreases from zone. MACD shows growth. If the couple to overcome the resistance of the third, then wait for a strong growth. Otherwise, we are waiting for the flat at that level. Support levels: 1.26588, 1.26377, 1.26220. Resistance Levels: 1.26956, 1.27113, 1.27324

USD / CAD
Yesterday, the pair has been actual downtrend. Now the pair is located below the level of Pivot 1,26745 and SMA200. RSI and MACD show growth. We expect reduction pair. An alternative scenario sees the flat in a narrow corridor. Support levels: 1.31812, 1.31297, 1.30517. Resistance Levels: 1.33107, 1.33887, 1.34402

NZD / USD
The pair showed growth yesterday. Today, with the start of the trading session, there was a slight corrective decline, the pair continued the bullish trend. The pair is above the Pivot and SMA200. Indicators confirm the preservation of bullish trend. If the pair can rise above the local maximum, the upward trend will intensify. Otherwise, wait for a correction to reduce the level of 0.72. Support levels: 0.72407, 0.72193, 0.72031. Resistance Levels: 0.72783, 0.72945, 0.73159

The analysis of commodity currencies on June 23

Brent
Due to the negative dynamics of OPEC has initiated negotiations on the further extension of the terms of the Treaty of Vienna. Active production of shale oil in the US casts doubt on the effectiveness of efforts to reduce the world's production of "black gold". The news strengthened oil to $ 45.41 per barrel and continues to grow.

USD / CAD
The positive dynamics of oil and expectations of an early interest rate increase by the Central Bank of Canada provides support to the loonie. Canadian Quotes increased to 1.3221 to 1.3350 after falling. Today is expected to report on consumer prices. Resistance levels: 1.3285, 1.3255. Support levels: 1.3200, 1.3170.

USD / RUB
Growing oil gave ruble strength, and he was able to recover to 59.20. If oil continues to rise, this factor, combined with the tax period, the ruble will rise to 58.50. Resistance Levels: 60.15, 61.40. Support levels: 58.95, 58.10.

23.06. fundamental analysis

Yesterday there was an unusually low volatility to Thursday: EUR / USD - 40 points, USD / JPY - 50 pips, GBP / USD - 30 points.

The yen was little effort thanks to the updated economic forecast of the Bank of Japan.

The New Zealand dollar strengthened despite the Reserve Bank of NZ kept interest rates unchanged and said it is concerned about the recent strengthening of the currency.

The British pound came under pressure, as Tereza Mey has faced challenges in forming a coalition government together with the Irish Democratic Unionist Party.

The focus today:

  • The index of business activity in the manufacturing sector in the euro area

  • Sales of new homes in the US

  • It Loretta Mester, president of the Federal Reserve Bank of Cleveland


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