Analyst from the company ForexMart (ForeksMart)
EUR / USD. 30.03. The pair may rebound to 1.0795.
The pair continued a downward trend, developed since the beginning of this week. The last trading day ended for the euro decline. Yesterday was officially launched the process of entering the UK from the EU. The euro fell after a cross, which has suffered because of statements by the Minister of Finance of Britain. In his speech, Philip Hammond expressed confidence that Brexit will not develop on the hard scenario. Currently the pair is trading below the level of 1.0758. Candles are disposed between MA with periods of 20, 50 and 100, 200. MACD tends to the negative region. RSI is near oversold zone. Forecast for today offers the pair to 1.0795. However, perhaps the development of alternative scenario – if the pair drops below level 1.0740, it will continue to fall to the level of 1.0628.
USD / JPY. 30.03. The pair is testing 111.00.
Currency pair USD / JPY has formed a “doji” directly at the level of 111.00. During yesterday’s trading the bulls were unable to strengthen the offensive, they need to rise above 111.50 to reverse the trend, but the forces have not yet enough. There is a good chance that the data on US GDP in the fourth quarter against the background of the right to the end of the month will help to strengthen the US currency. Now we see the uncertainty in the market and re-test the resistance level of 111.00 in the case of negative data waiting reduce to 110.00.
USD / RUB. 30.03. Ruble updated highs around 56.
Ruble continues to strengthen as a result of expensive oil. News about reduction of oil production in Libya, 20% gave Brent quotations confident “bull” pulse. Moreover, the weekly report from the US Department of Energy showed a lower than expected increase in the hydrocarbon reserves in the United States. These factors sent the price of oil at around $ 52.30 per barrel. Additional support for the Russian currency have asked the Ministry of Finance, which was taken OFZ at 45 billion rubles. In this regard, the dollar was able to update all the lows and fell to the level of 56.10 rubles.
Stochastic approaching oversold (23,90%), MACD indicator appreciated below zero when growing down bars. Bollinger bands exhibit negligible volatility expansion channel. We expect today the dollar falling even lower, to 55.80 rubles.
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