Analyst from the company ForexMart

Analyst from the company ForexMart (ForeksMart)

EUR / USD. 31.05. whether the dollar will continue to strengthen?

Euro yesterday showed impressive growth, and finished the day above the R1 level. Maximum was marked around the level of 1.1203, at least - 1.11074. Today, the euro continued to trade above the Pivot 1,11630 level. The indicators do not show a clear picture. Most likely, the published statistics will show support for the dollar. Today we expect a downward price movement in the region S1 and below. Support levels: 1.11231, 1.10674, 1.10275. Resistance Levels: 1.12187, 1.12586, 1.13143.

USD / JPY. 31.05. Investors flee to yen

Currency pair USD / JPY approached the lows over the past 2 weeks aversion of investors from the risks in Europe and is now trading at 110.80. The immediate objective for the bears is in the area of ​​the simple moving average for 100 days.

On the four-hour chart the pair formed a "pin-bar" with a support on 110.00 will probably try to go to 110.50 in the near future.

AUD / USD. 31.05. The struggle for the trend

The currency pair AUD / USD is consolidating at the 0.7450 level. Yesterday the daily chart the pair formed a bullish pattern "absorption" with an eye on 0.7500, but today we are once again seeing bids for a fall.

On the four-hour timeframe the pair reached a place of convergence of the lines SMA (200) and SMA (20) and turned. May soon see Ozzy at 0.7420, if the pair falls below the SMA (100), you can consider selling.

USD / CAD. 31.05. Forex signals for the pair dollar / loonie

Pair USD / CAD remains inside the descending channel, moving mostly horizontally on either side of 1.3450. While Brent crude oil shows a decrease in quotations, loonie loses its positions.

The signal for the opening of the long position will breakdown resistance 1.3477 level to 1.3496. Stop loss at the same time should be set to 1.3440.

The signal for the opening short position will sample the support level 1.3433 with the further aim of reducing the price to 1.3410. Stop loss - at the level of 1.3475.

During the day, we look forward to the continuation of the movement to the flat near the upper limit of the downward channel.

USD / RUB. 31.05. Ruble in a flat in the area of ​​56.40

The ruble remains within the previous price for the lack of an additional driver of growth or decline. Tax period in Russia is completed, Brent crude steady at $ 51.34. As a result, the Russian currency is under pressure moderately decreasing to 56.70 area.

Stochastic indicator is overbought zone left and was located in the neutral zone. MACD is almost stationary near zero. During the day, we do not expect significant fluctuations, continues the flat.

GBP / USD. 31.05. bears pressure may increase

Yesterday the pair broke through the first level of support, but fell back in the evening to 1.27983, where he finished the trading day. Today, the British trading below the level of Pivot 1,28255, approaching the support level R1. Verotyanee likely intensify in the pair bearish. Break of S1 will allow the pound to go into the area 1.2740 and below. An alternative scenario suggests the pair trading in a range 1,2860-1,2763. Support levels: 1.27637, 1.27291, 1.26673. Resistance Levels: 1.28601, 1.29219, 1.29565