miercuri, 1 martie 2017

Daily Forex market review 1 August 2016

http://bit.do/dfQjx Hidden sale page at FxDiverse.
Forex market analysis: daily and weekly forecasts Check the website for more information: https://freshforex.com/analitics/ EUR/USD (Euro/dollar pair) - Trading in the second half of the day will be determined by ISM report on US manufacturing sector. Business activity in this area is boosting over the last four months, and today we can see that this positive momentum is still in efefct. In the first half of the year, commodity prices have demonstarted a noticeable growth after the January collapse. That contributed to growth of production capacity. - ADX indicator on the daily and hourly charts shows the flat. - RSI indicator on the 4-hour chart is overbought, which means the downtrend. - Recommendation: trade inside the flat 1.1100 -1.1200 (one dot one thousand sharply – one twelve double zero) The next pair - GBP/USD (Pound/dollar) - Highly probable sales on the oil market can once again put the British currency under pressure. On Friday, oilfield service company Baker Hughes reported an increase in the number of drilling rigs in the United States and Canada by 3 and 12 units, respectively. It indicates growthing capacity in these countries and will put the oil under pressure. Both indicators – ADX and RSI – on the daily, 4-hour s and hourly charts show the flat. - Recommendation: trade inside the flat 1.3200 -1.3300. (one thirty two double zero - one thirty three double zero) And finally, USD/JPY (Dollar/Japanese Yen) - Investors are still willing to take risks and, in this regard, yen will be under pressure as the Number 1 funding currency in carry trade operations. - ADX indicator on the daily, 4-hours and hourly charts shows the flat. - RSI indicator on the 4-hour chart is oversold, which means the uptrend. - Recommendation: Open Buy trades at 102.35 (one hundred and two dot thirty five) and take profit at 103.01 (one hundred and three dot zero one).