The forecast from the company ForexMart (ForeksMart)
Forecast NZD / USD Aug. 29
The currency pair New Zealand Dollar / US Dollar finished the last trading week of the candlestick pattern "absorption" in the D1. Today the pair, according to this model, is traded on the rise.
In a wider perspective, seen a reversal chart pattern "head and shoulders" on the daily chart. Therefore, if the pair breaks the 0.7200 mark, it will be possible to consider the sale of medium-term objective at 0.7000.
On the four-hour chart New Zealand bulls ran into a mark of 0.7250 and is trading below the simple average lines. We are waiting for the appearance of a signal to sell.
The forecast EUR / USD on August 29
The results of the past at the weekend summit in Jackson Hole disappointed the market participants, as none of the speakers central bankers are not sanctified question of US monetary policy and the euro zone. He suffered the most as a result of the US dollar weakened against many major currencies. The EUR / USD soared by updating a maximum of 2.5 years at the level of 1.1960.
"Bulls" for the euro firmly intend to test the important psychological level of 1.20. However, the RSI is approaching the level of resistance, indicating a possible correction of quotations pair. The forecast for tomorrow suggests a continuation of growth in the euro area to 1.20. If the pair can break this level, we can expect further growth of the European currency and update a new high.
Forecast USD / RUB on August 29
Dollar finished last week a significant drop to the level of 58.10, which allowed the ruble to emerge victorious from a long consolidation. However, by the end of the trading day the ruble has lost part of the points, having lost the support of the tax period. However, the further the position of the US dollar remains weak, due to the uncertainty of the US monetary policy, as well as the possible suspension of the government, if Congress is not included in the national budget funds for the construction of the wall with Mexico.
Brent crude oil fell to $ 51.38 per barrel, despite the initial growth by a decline in oil production in the Gulf of Mexico due to Hurricane Harvey.
The RSI broke below a support level up and walked to the neutral zone. The forecast for tomorrow suggests the flat at the level of 58.40 rubles. If a pair of quotes again rise to the field of 59, the downward scenario will be canceled.
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