The forecast from the company ForexMart (ForeksMart)
Forecast EUR / USD May 10
The euro continued to fall after the victory Emmanuel Makron the presidential elections in France. Traders booked profits on speculative Long, which prevented the euro / dollar to consolidate above the important level of 1.1000. However, market participants believe more in the continued growth of quotations couples rather than decline. The growth of the single European currency will contribute to several factors: the decline and political risks, and a resurgent eurozone economy, the ECB and the care of soft EU monetary and credit policy.
After the breakdown of the upper boundary of the uplink at 1.0975 European currency continues to show downward correction. Relative Strength Indicator is testing the support level of the euro exchange rate in the short term aimed at further reduction. The forecast for tomorrow suggests movement of quotations to the area 1.08.
Forecast USD / CAD on May 10
At the moment, the position of the Canadian dollar is also poor. Update the maximum at the level of 1.3793, the pair continues to trade near the 1.3730 area. Contribute to the strengthening and growth of the Canadian dollar will rise in the cost of oil on the world market, as well as mitigation of Donald Trump’s rhetoric regarding NAFTA. This Week in Canada is expected to yield data on the real estate market. The report on housing starts and building permits could affect the future course of the loonie.
As long as the pair is moving in an uptrend with the aim of 1.3750 and above. The RSI confirms the probability of growth of pair, showing a rebound from the rising support line. Bollinger Bands expanded, indicating that the high volatility of the currency tool. MACD fell to zero field, but is deployed to increase. The forecast for tomorrow suggests a return to the uplink frame and continued USD / CAD quotes growth.
Bitcoin exchange rate forecast on May 10
US Trade Bitcoin / USD instrument ceases to amaze us – today’s leading cryptocurrency reached a record level of 1700. The growth of Bitcoin occurs against DDoS-attacks popular cryptocurrency Exchange Poloniex. Technically deep pair is overbought: at RSI (14) up to the level 90, we recall, last correction was 80. Therefore, continue to wait for the correction, which can be as noticeable as the previous height.
Forecast NZD / USD on May 10
The currency pair New Zealand Dollar / US Dollar has formed a “doji” above the level of 0.6900, the pair continues trading today in the corridor 0.6930-0.6850 gradually clips in a triangle. Data on the US labor market again exceeded analysts’ expectations, the US dollar is gaining strength, expectations of US interest rates by the Fed’s June meeting currently make up 81.2%. Tomorrow morning waiting for inflation data in China, and in the evening – the decision of the RBNZ. Still we consider the possibility of continuing the downtrend.
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