Forex Analysis

Analysis of the major currency pairs on the Forex on 08/21/2015

Hello.Below is some advice on forex trading on 21.08.2015


GVPUSDaili 21082015

on a pair GBPUSD price formed a Doji pattern near the upper boundary of the lateral canal.Perhaps it was a small correction and now will continue to rise to the level of 1.57761 and beyond.The transaction is recommended to go by the rules of the pattern.


USDSADDaili 21082015

On USDCAD pair of rolling back the price pattern has formed in the inner level of 1.30137 bar area.Probably try to continue to follow the trend and rise to the level of 1.33969.The transaction is recommended to go by the rules of the pattern.

Fundamental analysis

US Federal Reserve officials last month said that the conditions for the increase of the interest rates in general have not been achieved, as the labor market begins to show signs of improvement, so you need to have more confidence for the detection of movement of inflation to its target.

Most participants "agreed that the pre-conditions to strengthen the economy have not yet been achieved, however, ar

e moving in this direction."

Details will be announced in the future for four weeks, until sentyabrskogo Fed meeting, when, according to the forecasts of many economists, the central bank will raise rates - for the first time since 2006.

Politicians say that the decision to raise rates will depend on further improvements in the labor market and the certainty about the further increase in inflation.

«Almost all the members of the commission," said, "think that there should be more of signals indicative of the growth and strengthening of the labor market."


value of Canadian wholesale trade soared in June after falling in May, rising by 1.3%.

Increase over three basis points than predicted by market analysts.

sales growth was recorded in five podotroslyah in June, covering 86% of the profits from the wholesale.The greatest growth in car sales reached.

After two consecutive reductions in the volume of sales in the sector of personal and household goods increased by 2.2% reaching a new record.

UK retail sales volumes rose by 0.1% in July, after falling in the last month, according to Office for National Statistics.

Compared to last year sales increased by 4.2%.However, as monthly or annual rates were lower than anticipated.

On average, prices fell by 3% year ischeslenii, mainly due to the 11% drop in gasoline prices.

ONS said that the largest sales growth was recorded in sales of electrical goods and furniture, which reached 20% gain for the month.Internet sales rose 13% and accounted for 12.6% of all retail sales.