The forecast from the company ForexMart

The forecast from the company ForexMart (ForeksMart)

The forecast EUR / USD on August 25

Euro weakly responded to the release of macroeconomic news from the Eurozone. Indexes of business activity in industry in Germany (59.4 points) and the Eurozone (57.4 points) rose more than forecast. Indexes of business activity in the services sector accounted for 53.4 and 54.9 points respectively. Despite the positive data, the pair shows the minimum fluctuations around the level of 1.18.

Tomorrow, at a symposium in Jackson Hole will be the speech of Fed Chairman Janet Yellen and the President of the ECB Mario Draghi. results of the summit could have a significant impact on the dynamics of the euro / dollar. The RSI indicator is pointing to the level of resistance, indicating that the decline of the European currency. The forecast for tomorrow provides for the reduction of quotations of the pair to 1.1750.

Forecast NZD / USD on August 25

The currency pair New Zealand Dollar / US Dollar has reached a downward target at the level of 0.7200, situated in the area of ​​Fibonacci 50.0, then went to a small correction.

Apparently, the pair moves according to a graphic model of "head and shoulders". In the medium term is expected to hit the target on 0.7100.

On H4 the pair has formed a series of "doji" above the level of 0.7200, waiting for the test of this resistance in the near future.

Forecast USD / RUB on August 25

The ruble is still stable at auction Thursday and continues to move within a narrow outset under level 59. The strongest drivers for growth or reduction couple yet. The Russian currency is supported by tax payments, and traded at $ 52.20 oil. Brent rose yesterday after the release of positive statistics on the US oil reserves.

The RSI indicator is adjusted to the neutral zone, possible re-test the level of support. The forecast for tomorrow suggests a continuation of the flat near the level of 59 rubles.