Friday, June 23, 2017

Forecast from company ForexMart

The forecast from the company ForexMart (ForeksMart)

Forecast NZD / USD on July 11

The currency pair New Zealand Dollar / US Dollar continues to trade in a narrow range 0.7250-0.7300, forming on the daily chart of the fifth "doji" row. Expected to penetrate said price band.

Technically, the pair is ready to continue the upward trend, but the fundamentals are supporting the US currency. On H4 kiwi also traded in the flat at the simple average with period 50.

The forecast EUR / USD on July 11

The pair fell from Pivot level and is now consolidating around SMA200. the euro is now trading near the 1.1385 level. On the hourly chart indicators show a decrease in the pair. On H4 situation is the same as the day - RSI declining, MACD is moving horizontally.

Tomorrow we will know the number of vacancies in the labor market from the JOLTS May. Projected to decline to a 6,044M 5,950M. It is also expected to address the representatives of the US Federal Reserve, the ECB and the Committee on the monetary policy of Great Britain.

From a pair of forward or continued consolidation or reduction to the rising channel's lower border in the area of ​​1.1310.

Bitcoin rate forecast on July 11

Trading instrument Bitcoin / USD started the week with a decline and test the key resistance level of 2400. With more likely to expect a rebound from the level, continue to monitor the situation.

Bitcoin At H4 formed a bearish pattern "absorption" of the level in 2500, located in the area of ​​convergence . In the case of consolidation below 2400, the fall in forward region 2000-1900.

Forecast GBP / USD on July 11

Bears stepped up the attack on the pound, it is now trading at 1.2879. The pair is close to the level of S1, slightly above the SMA200. Indicators are confused in the testimony: RSI shows growth and is located in 37,44, MACD went into negative territory and falling down bars indicates selling pounds.

If the pair breaks the level of 1.2844, we can expect an intensification of the downward trend up to the level of 1.2679, where one can expect a corrective rebound.

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