The forecast from the company ForexMart (ForeksMart)
Forecast GBP / USD on May 26
The second half of the day the pair is trading below the level of Pivot 1,29643, but the S1 level and do not try. A couple of presses unsuccessful release of UK GDP. RSI is in the neutral zone. The forecast for tomorrow suggests reduction pair to 1.2850.
Forecast USD / CAD May 26
Continuing to move in the downward trend, the Canadian dollar failed to break through its lower boundary and bounced up. Strengthening of the US dollar was due to release of positive statistics on unemployment in the United States. Moreover, despite the positive outcome of the OPEC summit, where heads Exporting Countries agreed on a further extension of conditions energy pact, oil is not launched the promised growth, but instead fell to $ 52.28 per barrel. This fact has put pressure on the loonie, as one of the major commodity currencies.
US dollar in tandem with the Canadian rose to the level of 1.3464 and continues to grow. Relative Strength Indicator aims to test the descending trend line. We assume that the growth of the US dollar in tandem with the loonie limited resistance level of 1.35. The forecast for tomorrow involves movement of quotations pairs resistance level and a subsequent rebound down.
Bitcoin rate forecast on May 26
US trading tool Bitcoin / USD reached the level of 2700 when adjusted to 2500, and is now trading around 2600.
Bitcoin continues to avalanche growth, which is likely to be caused by the excitement around cryptocurrency in the Asian market. Many analysts believe that the current exchange rate unduly inflated. On the other hand, Bitcoin sets new records, which would be easier to take afterwards.
Trading instrument is deep in overbought zone and is much higher than the simple average lines in the four-hour chart. Near term support is at 2350 Next - around 2000.
Forecast EUR / USD May 26
The euro / dollar traded mostly sideways. Today published FOMS minutes of the meeting. The regulator noted that the rate hike is possible, but the decision will be made after the analysis of the economic answers. RSI shows growth. The forecast for tomorrow suggests pair decrease to 1.11.
Forecast USD / RUB on May 26
Despite the general expectations of change in the dynamics of the pair USD / RUB, quotes showed stable levels near 56. Oil on the contrary characterized by increased volatility, fluctuating in the range of 52,73-54,66 per barrel. The largest oil-exporting countries today came to the decision to extend the terms of the next transaction to reduce oil production for nine months. According to forecasts, in the case of an agreement, the price of oil had to jump to the level of $ 55-56 per barrel. But that did not happen. Moreover, experts Russian Ministry of Finance suggested that the extension of the agreement may lead to even higher slantsevikov activity in the US.
The dollar / ruble rate has tested 56 rubles and returned to the area of 56.30. The RSI is pointing down to test the support level. The forecast for tomorrow suggests ruble appreciation to the annual maximum and try to break through the lower boundary of the global downtrend channel in the area of 55.50 rubles.
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