Forex. Technical analyst, and the forecast for 12.10.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent
Technical forecast pair EUR USD 12/10/2016
The euro continues to weaken before the US currency as strong market expectations of Fed interest rate until the end of 2016. Investors on Tuesday ignored the positive report on economic sentiment in Germany.
Current situation
The price traded down on Tuesday, the euro became cheaper during the day. The EUR / USD once again came under pressure and dropped towards 1.1100 in the European session. Reaching the level of the price of its standard and without stopping continued movement in the south. On the 4-hour chart, moving averages are pointing downwards. Resistance is at 1.1100, support - at 1.1070.
The MACD Histogram has declined, which is a signal to sell. RSI is sent to the negative zone.
Forecast EURUSD 12.10.2016
The tone for the currency pair remains bearish. We support the bid for a fall to the level of 1.1070. Do not rule out a partial recovery to the level of 1.1130.
Technical Forecast 12/10/2016 Pound dollar
British currency remains under pressure as the market has feared a negative impact on the economy Brekzita.
Current situation
The British pound remains under pressure, negative sentiment ruled markets. The pair GBP / USD drops second straight day. Price moved towards the 1.2200, breaking in its path level 1.2300. Moving averages are 50, 100 and 200 continued downward movement. Resistance is located at 1.2300, support - at 1.2200.
The MACD histogram is in the negative area, which indicates the position gain sellers. RSI is consolidated in the negative zone.
Forecast GBPUSD 12.10.2016
Securing prices below 1.2300 will strengthen the position of sellers, which in turn will send a quotation to 1.2200.
Technical outlook dollar yen 10.12.2016
On Tuesday, the US dollar showed growth against the counter currency, supported by hopes of a rate increase by US regulators this year.
The current situation
for the pair trades USD / JPY held in a positive tone. Price was close to recent highs, struggling with the level of 104.00, which is on its way up. The prices are above the moving average on the 4-hour chart. Moving averages retain its upward trend. Resistance is located at 104.30 and 103.50 in support.
The MACD histogram maintains its position that favors buyers. RSI overbought zone have consolidated.
Forecast USDJPY 12.10.2016
The pair is overbought, in our view ripe pullback towards 103.00. Rollback will take place only on condition that the level of 104.00 will not succumb to pressure buyers.
Technical Forecast USD / CAD 12.10.2016
On Tuesday the US dollar strengthened relative to the Canadian dollar. Pressure on commodity currencies has falling oil prices. It is worth noting that there are still hopes for a reduction in oil production, and it limits the falling prices for it.
Current situation
Positive trends prevailed at auction Tuesday for the pair USD / CAD. Recovered after the decline on Monday, the prices made an attempt to continue to grow, which has not received development. At the beginning of the US trading session, the pair returned to the level of 1.3200. On the 4-hour chart the currency pair rebounded from the 100-EMA, this moving average acted as support for the pair. Moving averages remain upward slope.Resistance is located at 1.3300, support - at 1.3200.
The MACD has decreased, which indicates the position gain sellers. RSI is neutral.
Forecast of development of the situation
we still adhere to the upstream direction. The immediate aim of the level of 1.3300 buyers. A daily close below the current support direct quotes towards 1.3100.
Technical outlook gold course 10.12.2016
The market noted a wave of demand for risky assets that support the US currency, however, is putting pressure on the precious metal.
The current situation
bears retain control of the market. After a small rise in the Asian session, the metal quotations returned to lower spending all day around the level of 1250. Moving averages show the southern direction. Resistance is located at 1260, support - to $ 1,250 per ounce.
The MACD indicator maintains its position that favors sellers. RSI remains in the oversold zone.
Gold Forecast 12/10/2016
The pair XAU / USD is trading in the red zone. We expect to break lower in 1250 and move towards 1240.
Technical oil forecast Brent 12.10.2016
Quotes of oil turned down, but bids are still being close to the highs of the year, due to expectations of production cuts by OPEC countries.
Current situation
Quotations of Brent crude oil eased on Tuesday. Price, came under pressure, move towards 52.50 during the day.Next level quotes are not passed over it for Tuesday. Brent crude oil is above the moving average on the 4-hour chart. 50-EMA has accelerated its growth, 100-EMA and 200-EMA kept growing. 100-EMA crosses up 200-EMA.Resistance is located at 53.50 and support - to 52.50 dollars per barrel.
The MACD is in the positive zone. RSI is consolidated in the positive zone.
Oil Forecast 12.10.2016
Breakdown mark 52.50 will accelerate the decline in prices to a level of 51.50. In the case of growth of Brent crude oil will go to 54.50.
Analysis of Fort Financial Services
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