The forecast from the company ForexMart

The forecast from the company ForexMart (ForeksMart)

Forecast NZD / USD on March 21.

The currency pair New Zealand Dollar / US Dollar is trading near the resistance line of 0.7050 in the emerging uptrend. New Zealander now corrected to the 38.2 Fibonacci area, but he did not have the strength to consolidate above 0.7050 resistance reinforced EMA with a period of 20 bulls in the pair received support from the US dollar weakened on verbal intervention by the Fed. This week will be a lot of speeches of officials who can help recover the US currency. In addition, the Reserve Bank of New Zealand on Wednesday will make a decision on the interest rate that should be well reflected in the volatility of the trading instrument. If the pair will overcome the resistance, it will be possible to speak about the formed trend, if not - wait for signals to sales and new roll back to a minimum.

Forecast GBP / USD on March 21.

Today the pair has finished its upward trend and moved to lower, noting the session low near the 1.2365 level. RSI, being on the border with the overbought zone, passed to decrease and is now located in the neutral zone, tending to level 50. MACD is still located in the positive area and reflects a continuation of the upward momentum. Perhaps the decline in the pound is only a corrective decline, in this case, in the near future expect consolidation above the level of 1.24.

The forecast EUR / USD on March 21.

Today the pair has failed to gain a firm foothold on the important resistance level, which is located near 1.0771, going down to the level of 1.0741. Now the pair is still located above the MA, that is on the schedule. relative index measurement, and does not show a pronounced direction. MACD is in the positive zone and decreasing bars may indicate a trend change. Most likely the pair will hold tomorrow in a sideways movement in anticipation of new impulses.