Monday, January 8, 2018

Analyst from the company ForexMart

Analyst from the company ForexMart (ForeksMart)

USD / JPY. 30.01.

The pair is trading in the mid-lines

A currency pair USD / JPY traded at convergence simple average (50) and exponential (20) on day timeframe. The dollar strengthened in the pair at the end of last week, creating an impressive "pin-bar" on the weekly chart. The pair is moving in a model a "double bottom" and in the near future can be expected to test the level of 116.00. This week will be held the meeting of the US Federal Reserve and the Bank of Japan's interest rate. During this period, possible exchange rate fluctuations and even test 112.50 support line, but are more likely to expect the long-awaited strengthening of the dollar after the US stocks and bonds on the background of the protectionist policies of Donald Trump.

USD / CAD. 30.01.

Extends upward correction

End of last week ended with the correction for the pair US / Canadian dollar. The pair is moving within a narrow range 1,3110-1,3175. Tomorrow in Canada is scheduled for release November data on GDP. This report can have a positive impact on the Canadian dollar, and to contribute to its growth. In the case of negative data pair rises to 1.32. US statistics may also have an impact on the balance of forces in the pair USD / CAD. Positive data will provide the potential for a further correction to 1.3225.

MACD is in the positive area above the signal line, which means a further increase in the exchange tool. Stochastic is near overbought. support levels we see at levels 1.3110 and 1.3055. Levels of resistance - 1.3175 and 1.3220.

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