The forecast from the company ForexMart (ForeksMart)
The forecast EUR / USD on May 25
Today, the pair is relevant flat. The pair is trading below the level of Pivot 1,12077, but the level of support S1 1,11498 never reached. Tonight should be published minutes of the Fed, and this puts pressure on the pair. Indicators show a decrease. Most likely, the pair will go tomorrow to the level of 1.11.
Bitcoin rate forecast on May 25
US trading tool Bitcoin / USD continues to update the historical highs and is now trading near the mark in 2350 on the back of news about the development of Bitcoin-activation technology and Segregated Witness.
Bitcoin adds more than $ 100 per day, analysts call this effect "stupid money" when "to buy, because it is growing and growing because they buy." On the other hand, we are seeing increasing with each passing day interest cryptocurrency.
Technically, the pair is deep in oversold territory, waiting for correction in the area of 1800-1900, because it was too risky to buy.
Forecast USD / RUB on May 25
During the day, Ruble pair USD / RUB traded predominantly horizontally. All the attention of market participants focused on the OPEC meeting, because the dynamics of the ruble will depend directly on the results. Already the majority of countries support the intention to extend the agreement for another 9 months. In the case of reaching an agreement on the issue of oil rate may rise to a level $ 56-57 per barrel. Which also entail and growth in the Russian currency.
Today, the US Department of Energy published a regular weekly report on the status of the oil reserves in the country. Statistics recorded a decrease of 4.4 million barrels, against the expected reduction of 2.4 million.
By the end of the day the pair USD / RUB consolidate near the level of 56.20 rubles. Until tomorrow, do not expect sharp price jumps. The RSI is moving in the neutral zone with a potential reduction in the level of support. The forecast for tomorrow suggests a slight increase in the ruble exchange rate, but the key factor is the movement OPEC meeting.
Forecast NZD / USD on May 25
A currency pair kiwi / USD shaped "pin-bar" on D1, bounced off line 0.7050 reinforced simple MA (100), and today is traded in a narrow range over a round 0.7000 level.
The pair gave the signal for a reversal, but in no hurry to fall. The trade balance in New Zealand was better than the estimated value, and the market is in anticipation of the publication of protocols of the last Fed meeting. The vast majority of traders are sure to raise rates in June, but it worth waiting for another increase this year, given the complexity of the tax reform and the United States have done the noise of the draft budget for 2018?
On the four-hour chart the pair failed to consolidate above 38.2 Fibonacci level, but down below 0.7000. We are waiting for the New Zealander in what direction to go during the US trading session.
Forecast GBP / USD on May 25
Today, for is actual the flat with a slight decline. The dollar strengthened in connection with the publication of minutes of the Fed today. Traders are hoping that it will shed light on the likelihood of a rate hike next month. Indicators are reduced. The forecast for tomorrow suggests a decrease in the area of 1.29. However, if the pair manages to rise above 1.30, then there are chances of the growth of the British.
Forecast USD / CAD on May 25
USD / CAD pair continues moving inside the descending channel. The loonie rose to 1.3429 on expectations of a positive outcome of the OPEC meeting. Strong oil prices above $ 54 a barrel, also provided significant support to the Canadian.
Today a meeting of the Bank of Canada, which gave a speech Deputy Governor Sylvain Ledok. The regulator decided to keep rates at the current level of 0.5%, as expected by market participants. The negative adjustment of the Canadian economy and reducing the cost of "black gold", mostly complete, so the Bank of Canada and decided to leave its monetary policy unchanged countries. In addition, a significant impact on the dynamics of the pair USD / CAD will have the results of tomorrow's OPEC meeting.
The RSI bounced from the trend line and aims to support the region. This indicates a possible bounce from the bottom of the current channel on H4 chart, but with preservation of quotations in this channel. The forecast for tomorrow involves movement of the pair on either side of the 1.3480 level.
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