First, a few words about the prognosis is, the previous week:
- EUR / USD. The main forecast for this pair, supported by most analysts assumed her rise to 1.1800-1.1830 area. Couple really gone up, fixing the week high at around 1.1839. So, taking into account the standard of play, the forecast proved to be absolutely true. This was followed by hang down, and eventually completed the pair trading session on the horizon 1.1770;
- GBP / USD. The outlook on this pair has been very similar to the testimony of EUR / USD. 60% of the experts expect the pound will rise to the level of 1.3420, and in case of breakdown to reach 1.3500 area. So, in fact, happened - at Thursday, June 8, breaking the resistance 1.3420, the pair briefly managed to rise to a height of 1.3470, then the bulls run out of power, and she met the week ended 70 points lower - in the zone of 1.3400;
- USD / JPY. Recall that in the opinion of analysts, as well as indicators of the past week were divided into three almost equal parts - one third voted for the pair falling, one-third of its growth, and another third of the lateral trend. And, as so often happens in such situations, all were right: a pair of first grew to the level of 110.25, then fell to the 109.20 support, then grew again and almost completed a five-day week in the same place where it started - in the area of 109.55;
- cryptocurrency. As mentioned earlier, almost all majeure crypto pair recently repeated movements of their leader - BTC / USD. A bitcoin, in turn, draws a figure pennant and permanently reducing volatility continues to consolidate in the area of the horizon just above 7,000. So, if you look on the D1 chart, you can clearly see that the past week the "father" of all virtual currencies moved horizontally in an extremely narrow range 7,345 - 7.730. Behind him sideways and remained the main altkoyny and attempt Ethereum laytkoyna and break away from the leader and the break-up earlier in the week, as one would expect, it was unsuccessful. As a result, they returned to the initial levels - Ethereum to the mark of $ 600 per coin, laytkoyn - $ 118.
As for the forecast for the coming week, then, summing up the views of several experts, as well as the forecasts made on the basis of a wide variety of technical and graphical analysis methods, we can say the following:
- EUR / USD. About opponents of President Donald Trump should bite your elbows - Much to their dismay, his economic policy is yielding positive results: the number of jobs in the US in 2018. increased by more than a million, inflation reached the target Fed at 2%, the trade deficit is reduced, and the gross domestic product is growing. All this leads to a strengthening dollar, which plays against US importers, and also leads to resentment financial elites of many countries whose currencies have now reached historic lows.
As a result, the vast majority of experts (65%), supported by graphical analysis on H4 and D1 and 70% of the oscillators, believes that the beginning of the correction although it will continue last week, but the pair growth will be limited by the resistance at 1.2000 area. (In the case of steady breakdown next target points above 100).
As for support, the most important of them are located on levels 1.1650 and 1.1570;
- continuation of the correction to the level of 1.3615 and 65% expect to analysts, the pair GBP / USD. Next resistance is located at a height of 1.3700, however, for such growth is voting only 45% of the experts. Graphical analysis on the D1 also believes that the correction will be completed in the area of 1.3615, followed by the pound will continue to fall. Support levels are 1.3200, 1.3125 and 1.3040;
- but the Japanese yen, according to the testimony of graphical analysis, on the contrary, should strengthen their positions, resulting in the pair USD / JPY may fall to the level of 108.00. However, among the experts with such a scenario, only 40% agreed. 50% in favor of the pair, and another 10% over sideways. No clear signals and oscillators - H4 in most of them bears on the side, and D1 advantage smoothly proceeds to bulls. Resistance at levels 110.25 and 111.40;
- With regard to the main cryptocurrency, their extremely low volatility can not talk about the origin of any sustained trend. And it is not just a short-term forecast, but also on the forecast before the end of this year. So, many analysts predict a gradual shrinking of the market and the reduction of its market capitalization. In this regard, the most likely target for bitcoin in December 2018. It called 12,500 instead of the previously voiced 15,000.
Roman Butko, NordFX