Friday, March 1, 2019

Analyst from company ForexMart

Analyst from the company ForexMart (ForeksMart)

EUR / USD. 11.04. The pair will continue to trade sideways

Yesterday, the euro / US dollar resulted in the growth. Euro designated month low at around 1.0567, but, in general, throughout the day the couple spent in a sideways trend. Yesterday's speech of the Fed Janet Yellen did not have a material impact on the couple. Today, most likely, the pair will continue the flat. attempt to grow in the region of 1.0610 will be made. To ensure the growth of the pair must be ensured crosscourt euro / British pound as soon as trading instrument breaks the level of 0.8530, the probability of the euro / US dollar growth to increase significantly.

Analyst from company ForexMart

USD / CHF. 11.04. Reversal "doji" on 1.0086

Currency pair USD / CHF has formed a "doji" on the resistance level of 1.0086, in the area of ​​local maxima. This pattern can be considered as a turn, because, first, it was preceded by a trend; secondly, it has a support at a strong level in the SMA region for 100 days; Thirdly, today we are witnessing the formation of a bearish candle. Therefore there is a high probability of a reversal, the more that the geopolitical situation puts additional pressure on the US dollar, and investors began to seek refuge in safer assets. Targets are arranged to bear at the levels 1.0050, 1.0025 and 1.0000.

Analyst from company ForexMart

USD / CAD. 11.04. The loonie strengthened after oil

The loonie has shown very good results, returning to the previous frame with the flat boundaries 1,3277-1,3400. Canadian grown by increasing oil prices and the positive statistics from Canada. Indicators of the construction of new homes rose to 253 thousand, the highest since 2007. Such strong evidence of the strength of the real estate market in the country. The Bank of Canada this week to decide on monetary policy. Experts predict the preservation of the interest rate at the current level. Yesterday, the pair USD / CAD experienced strong sales, which lowered the instrument to the level of 1.3319. The Canadian also supported oil, which is growing against the background of geopolitical tensions in the world, linked to the situation in Syria.

MACD indicator is entrenched in negative territory, the Stochastic oversold. The downward trend for the pair USD / CAD will continue today. The main goal - the lower limit of the sideways trend 1.3277.

Analyst from company ForexMart



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