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FOREX Prognoses


Forex forecast for 26 September 2017.

EUR/USD

According to the recent dynamics of the pair, we can expect the further downward movement to the area of the August low of $ 1.1660.

EUR/USD has finally broken below $ 1.1875, it shows the end of the growth period and the beginning of the correction.

If support of $ 1.1660 does not stand, then the next bearish targets may be $ 1.1296 and $ 1.1110. The nearest resistance is $ 1.1927.


Forex forecast for 11 September 2017.

EUR/USD reached the level of 1.21 on Friday and today moved down to the area of 1.2015 and can test the resistance of 1.20.

USD/JPY returned to the range above the level of 108.00 and tested a maximum in the area of 108.54 at the beginning of the day.

USD/CHF came close to the resistance of 0.95 after the falling to the lows at 0.9421 on Friday. This dynamics look like a nice correction, which can end very quickly.


Forex forecast for 7 September 2017.

USD/CAD

Yesterday the pair tested the level of 1.2135 (minimum since June 2015), although till the end of the day the pair reached about 100 pips and finished the day above 1.22.

Now USD/CAD is consolidating in the range and may continue to fall. However, this will require additional incentives, for example, rising oil prices or positive statistics on the Canadian economy.

Technically, the daily close below 1.22 will strengthen the position of the bears, however, for a real falling, the pair needs to move below 1.2130/00.


Forex forecast for 6 September 2017.

USD/JPY

Yesterday the pair closed at the level of 108.80 — it is the minimum of the end of April 2017. The pair tested the level of 108.49 today.

Any events at the European session today, so the dynamics of the pair will be determined by a subjective perception.


Forex forecast for 5 September 2017.

USD/JPY

The pair closed at 110.25 on Friday, but this morning it was opened with a fall.
A quick and strong recovery from the low seems to be able to close the gap, but a stable move above the 110.25 seems unlikely.
Support is located at 109.50, followed by a minimum of 109.30.

EUR/USD

The pair reached the high of 1.1979 last Friday, but quickly turned down, reaching a low of 1.1848.
The current movement is considered within the consolidation phase, and further trade between 1.1770 and 1.1980 still seems likely.


Forex forecast for 4 September 2017.

USD/JPY

The pair closed at 110.25 on Friday, but this morning it was opened with a fall.
A quick and strong recovery from the low seems to be able to close the gap, but a stable move above the 110.25 seems unlikely.
Support is located at 109.50, followed by a minimum of 109.30.

EUR/USD

The pair reached the high of 1.1979 last Friday, but quickly turned down, reaching a low of 1.1848.
The current movement is considered within the consolidation phase, and further trade between 1.1770 and 1.1980 still seems likely.


Forex forecast for 1 September 2017.

USD/JPY

The pair resumes the growth after falling on Thursday, as Forex traders are preparing to meet the US jobs report,which may change the look at the FED monetary policy.

USD/JPY increased by 0.1% to 110.06 after a falling of 0.2% on Thursday. The pair increased  by 0.7% since August 25, showing the largest weekly profit since early July.

It is expected that employment data in the US will come out strong today — after a strong ADP employment report. And the US government bonds will grow to 2.2% -2.3%. It will mean testing levels above the 112.


Forex forecast for 31 August 2017.

EUR/USD

The pair closed below 1.1900 yesterday, by forming a shooting star on the daily chart. Technically, the picture is unfavorable for bulls.

EUR/USD may move down to the area of 1.17 and even lower, but in the medium term, the euro retains its attractiveness. Today the pair is trading in a narrow range near the opening level of 1.1877.


Forex forecast for 30 August 2017.

AUD/USD

The pair came close to the resistance of 0.80 today, after the data on the construction sector were published.

Within the short-term dynamics the pair moved to a new range, and now its movement is limited by the levels of 0.80-0.7960/50. For the growth resumption in the medium term, a sure breakthrough of resistance 0.80 and reliable fundamental stimulus will be required.

In the near future the pair movements will be limited by the resistance zone of 0.7990-0.80 and the support zone of 0.7865-50.


Forex forecast for 29 August 2017.

USD/JPY

The pair has real chances to fall below the key level of 108.00 in light of geopolitical tensions related to North Korea and political uncertainty in the US.

Today USD/JPY fell to the 108.34. It is the minimum since April 18, 2017. This is just above the annual minimum at the level of 108.13, formed on April 17.

EUR/USD

The pair exceeded the level of 1.2000 for the first time since January 2015. Due to the execution of the above placed stops, the EUR/USD pair jumped to 1.2028.

The cause of such movement was also in light of geopolitical tensions around the Korean peninsula.


Forex forecast for 28 August 2017.

EUR/USD today updated the maximum of January 2015, by reaching the level of 1.1958. Now the pair is consolidating in the area of 1.1935.

GBP/USD tested the area above 1.2900 for a short time, but adjusted to 1.2880 by the middle of the trading session in Asia.

USD/JPY consolidates near the key support of 109.00. In general, the dynamics of the dollar remains downward, but in the short term there is already a certain weakness of the bears.