Forex market analysis: daily and weekly forecasts Check the website for more information: https://freshforex.com/analitics/ $1000 No deposit bonus - https://freshforex.com/traders/promotion/test-drive.html EUR/USD (Euro/dollar pair) - Dynamics of credit markets points to the ongoing downward trend: yield of 10-years' German bonds has dropped against US and UK bonds. It makes investments in European assets less attractive. - RSI and ADX on the daily, 4-hours and hourly charts both show the flat. - Recommendation: the flat range for the day 1.1040 - 1,1000 (one ten forty - one dot thousand sharply)(around ​​the lower and upper Bollinger bands on the hourly chart). We should open Sell trades ​​from 1.1040 (one ten forty), and take profit at 1,1000. (one dot thousand sharply) GBP/USD (Pound/dollar) - We expect economic slowdown in the UK; whereas in the USA economic growth is gathering momentum. Such a multidirectional dynamics will widen the spread between yield of the 10-years US and British bonds, which will cause a strong outflow of capital from British assets. - RSI and ADX on the daily, 4-hours and hourly charts both show the flat. - Recommendation: the flat range for the day 1.3175 -1.3257 (one thirty one seventy five - one thirty two fifty seven) (around ​​the lower and upper Bollinger bands on the hourly chart). We should open Sell trades ​​ ​​from 1.3257 one thirty two fifty seven and take profit at 1,3175 (one thirty one seventy five) USD/JPY (Dollar/Japanese Yen) - Fundamental analysis indicates drop of quotations against correction on the world's leading stock markets. On Thursday, US stock indexes closed the day in the "red zone" , which was caused by the rising VIX fear index by 8.2% (eight dot two per cent) - ADX on the daily, 4-hours and hourly charts shows an uptrend. - RSI on the daily, 4-hours and hourly charts shows the flat. - Recommendation: trade inside the flat 105-44 -106.53. (one hundred and five dot forty four - one hundred and six dot fifty three)