Forex. Technical analyst, and the forecast for 13.10.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent
Technical Analysis and Forecast EUR / USD 13.10.2016
On the eve of the euro / dollar is trading under pressure, as it is expected that the Federal Reserve is likely to take the decision to raise rates before the end of this year. Note that favorable data ZEW economic sentiment in Germany have been ignored by the market, and could not support the Euro-currency.
The current situation
on the trading environment euro remained under pressure. The single European currency weakened to 1.1100, the low of July 27th. Having reached this level of downward movement slowed, then stopped altogether. Moving averages continued their downward movement. 50-EMA 100 together with cross-EMA-EMA 200 in the downward direction. Resistance is at 1.1070, support - at 1.1000.
The MACD Histogram has declined, which is a signal to sell. RSI is consolidated in the negative zone.
Forecast 10/13/2016 The euro dollar
currency pair is short-term oversold. Bidding took place in the critical level of 1.1000 in the European session on Wednesday. In case of successful completion of the level the pair will continue to suffer losses towards 1.0960.Having support for the euro / dollar will be able to recover its position in the region of 1.1100-1.1120
Technical analysis and forecast for today GBP / USD 13.10.2016
The British currency in the pair with the US dollar rose sharply on news that Theresa May has given Parliament the opportunity to decide the question by a vote regarding Brekzita.
Current situation
After a brief correction during the Asian session on Wednesday quotes pound turned down, without being able to break through 1.2300. Bounced off the level, the price went down to support 1.2100, breaking in its path level 1.2200. During the day moving averages 50, 100 and 200 accelerated its downward movement, slow it down with the onset of trading in America. Resistance is located at 1.2300, support - at 1.2200.
The MACD histogram in negative territory, indicating that the power sellers. RSI remains in the negative area.
Forecast GBP / USD 13.10.2016
The negative tone is stored on 4-hour chart. We will sell the pound until he is below 1.2470. Only the steady breakdown and consolidation above 1.2470 will indicate the completion of the current phase of the market downward.
Technical analyst, and the forecast for USD / JPY 13.10.2016
The dollar against the Japanese currency on Wednesday traded steadily. Note that in the environment of Japan Governor of the Bank Kuroda said that he intends to lower interest rates and increase the amount of the acquisition of assets if necessary.
Current situation
Quotes found temporary shelter in the area of 103.50 in European trading after a weak recovery in Asian trading environment. For buyers the level of 104.00 was strong obstacle on the way up. After two failed attempts to break above the level of the bulls once again stormed 104.00. Resistance is located at 104.00 and 103.50 in the field of support.
The MACD histogram is in the positive area, which speaks in favor of buyers. RSI is consolidated in the overbought zone.
Forecast GBP / USD 13.10.2016
The plans of buyers still break the resistance 104.00. Breakdown and consolidation above the send USD / JPY for the September highs at 104.30. Otherwise, move below 103.50 would weaken the position of buyers, in this case, the pair will decline to 102.80.
Technical analyst, and the forecast for AUD / USD 13.10.2016
Support for commodity currencies on Wednesday had rising oil prices. Investors are awaiting new negotiations on the oil producing countries limit oil production.
Current situation
After testing a minimum of 20 of September the price recovered in the Asian session on Wednesday. Aussie was able to recover some of its losses incurred on Tuesday. The upward movement was not sustained, and quotes again came under pressure. In early US trade has increased pressure on the pair. Moving averages are narrowed by stopping the growth of the pair AUD / USD. The moving averages are pointing downwards. Resistance is located at 0.7600, support - at 0.7540.
The MACD has decreased, which indicates the position gain sellers. RSI is consolidated in the overbought zone.
Forecast AUD / USD
The downtrend remains in force. We expect the decline to 0.7540 and further down to 0.7500.
Technical analysis and forecast gold course 10.13.2016
On Wednesday, gold futures showed growth against the background of declining demand for US dollar. However, the metal is trading at a minimum of 4 months, as the market are strong expectations of a rate hike this year.
The current situation
on the 4-hour timeframe moderately bearish movement. Gold prices have failed to consolidate above 1,260 dollars per ounce and fell to the side of a strong psychological level of 1250. The moving averages are 50,100 and 200 continue to advance to the south. Resistance is located at 1260, support - to $ 1,250 per ounce.
The MACD indicator retains its negative position, which speaks in favor of sellers. RSI has not changed its position, remains in the oversold zone.
Gold forecast for today 13.10.2016
The first objective of the sellers is considered the level of 1250 dollars per ounce. Breaking through the level sellers go to the next support 1240. In case of return buyers to the market price will grow to 1260 and beyond to 1270 dollars per ounce.
The technical outlook for oil 10.13.2016
Oil quotations fell on Wednesday afternoon on the eve of the publication of the last meeting of the American regulator output protocols and release reserves of "black gold" in the United States.
The current situation
of oil quotes were under pressure on Wednesday. Unable to raise oil prices above the current highs buyers retreated. In early trading on the New York Stock Exchange quotation for Brent fell sharply to a level of 51.50.Vendors are trying to break through the 50-EMA, which blocks further progress down. Moving averages in the 4-hour chart continue to move upward. Resistance is located at 53.50 and support - to 51.50 dollars per barrel.
The MACD has decreased, which indicates the growth of negative sentiment. RSI moving down confirms the downward trend.
Oil is forecast for today 13/10/2016
Pressure on asset more increases. We expect sample 51.50 level and move towards 50.50.
Based on materials from Fort Financial Services
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