Monday, January 8, 2018

Analyst from the company ForexMart

Analyst from the company ForexMart (ForeksMart)

USD / JPY. 12.01.

The pair continued to decline

Currency pair USD / JPY has formed a "doji" in line 116.00, then rushed to the border of 114.00. Yesterday the pair showed a good volatility, but in the end the bulls and bears have agreed today the pair managed to decline to the area of ​​a simple average with a period of 50, if the price falls to 113.00 uptrend is broken. The pair is on the border of oversold. In the case of the rebound from the level of education and corresponding signals can consider buying.

USD. 12.01.

The euro rose

The pair closed the trading day of growth. Yesterday, in connection with the performance of the future president of the United States, Donald Trump, the market trading was very volatile. Closer to his performance steam subsided to the level of 1.0451. Later, during the three hours, the pair reached a session high at a mark 1,0620. Today, the Fed is expected to speak. MACD is in the positive zone. RSI is approaching overbought zone. Both indicators signal a buy euros. After the pair breaks 1,0610-1,0622 level, it will open the way to 1.0700 levels and above.

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