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EURUSD DOWN TREND NEXT MONTH

The trend stays downwards. Most likely, the pair will continue to decline but before, it can consolidate within the narrowing channel of 1.1510–1.1665. A sharp fall from the current level in case of the publication of positive US data is less likely. The main scenario is the growth from the minimum at 1.1510 to the levels of 1.1600, 1.1665 and the formation of a new downward wave with the target at 1.1430 (the strongest support level). Technical indicators confirm the forecast, MACD short positi…
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GBPUSD DOWN TREND NEXT MONTH

GBP continues falling against USD. Sales of the British currency were caused by weak macroeconomic data.Housing Prices index amounted to 2% YoY, which is better than the forecast of 1.7% but is significantly worse than the value in the previous month. Consumer Confidence index remained unchanged at the level of 10.7 points. The monetary policy of the British regulator does not add optimism as well: the interest rate remained unchanged at the level of 0.5%. The asset repurchase program also remai…
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USDJPY UP TREND NEXT MONTH

The growth of the pair will resume to the levels of 111.00, 111.40, and further – to the upper border of the range (112.40). Nevertheless, technical indicators indicate a high probability of a lateral channel: the volumes of long positions of MACD have significantly decreased, and the signal line tends to zero; The Bollinger bands almost in a horizontal position
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AUDUSD UP TREND NEXT MONTH

instrument is testing the moving average of Bollinger Bands. The indicator is directed downwards and the price range reduced insignificantly which indicates further correction. MACD histogram is in the negative zone keeping the sale signal. Stochastic is approaching the oversold zone and does not give a clear signal for opening positions.Long positions may be opened above the level of 0.7425 with targets at 0.7450, 0.7485 and stop-loss at 0.7310.
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