Forex. Technical analyst, and the forecast for 14.10.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent
Technical Analysis and Forecast EUR USD 14.10.2016
Greenback strengthened against the background of a "hard" minutes of the last meeting of the FOMC. The chances of a rate hike before the end of the year is still high, although the reaction of investors was muted. Meanwhile, inflation data from Germany, the market ignored.
Current situation euro dollar
Thursday, trading the EUR / USD opened higher. Quotes adjusted to 1.1000 minimum, restoring the position to 1.1040 in Asian trade. In the European session trading greenbacks could briefly recapture the position, the euro dollar again tested the level of 1.1000. Beyond this level the pair has not moved, and rebounded with a 3-month lows 1.0990 EUR / USD is turned up. Moving averages in the 4-hour chart, maintain downward direction. Euro Dollar Resistance at 1.1050, support - at 1.1000.
The MACD histogram has increased, indicating a weakening of the sellers. RSI is consolidated in the oversold zone.
Forecast of the euro dollar today 10.14.2016
Price euro dollar pair may soon make another attempt to break down 1.1000 support, which will lead to test 1.0950 mark. The next target vendors - 1.0900. At the same time, the euro could recover to 1.1100.
Technical analysis and forecast GBP USD Today 10/14/2016
The American rose to fresh highs of 7 months with respect to the main opponents. greenbacks course supported protocols of the September meeting of the US central bank, strengthened the hope for a rate hike this year.
Current pair pound dollar
Sellers continue to monitor the trades .. British sterling remained under pressure on Thursday. Price spent the day near 1.2100. Pound is trading below the moving mullion on 4-hour chart h. Resistance is located at 1.2200, support - at 1.2100.
Histogram MACD is in the negative zone. The indicator rose, indicating a weakening of the position of sellers. RSI is consolidated in the negative zone.
Forecast 14/10/2016 Pound Dollar
If downward pressure will remain in force, bears will focus on the level of 1.2100. After passing this level, sellers probably will move towards 1.2000.
Technical analysis and forecast rate USD / JPY
Quotes yen recovered positions to the US currency against the background of weak output figures from China.The strong decline in exports in China dampened investor optimism. In general, the pressure on the yen have growing expectations on Fed rate hike before the end of this year.
Current situation
USD / JPY pair continues to trade in the short term ascending channel. Thursday quotes in greenbacks dollar yen pair retreated from weekly highs, falling below 104.00. Downward pressure was quiet at the level of 103.50, where the course turned up and partially offset the loss. Currency Pair USD / JPY back to 104.00 in an attempt to re-pass the level up. Moving averages (50, 100 and 200) continued to move up. Resistance is located at 104.00 and 103.00 in support.
MACD in positive zone. Histogram indicator decreased, which speaks in favor of sellers. RSI is moving towards oversold.
Dollar Yen Forecast 14/10/2016
Now the downward movement is gaining momentum. If a couple is not able to break above 104.00, the price will be reduced to 103.00.
Technical analysis and forecast of NZD / USD 14.10.2016
New Zealand's currency in the forex trading on Thursday weakened against the US opponent. The pressure on the commodity currencies have declining oil prices, as it became known that the production volumes rose in September and inventories in the United States increased.
Current situation
Sellers entirely in control of the market. The pair NZD / USD continued to weaken and Thursday. Yesterday, the downward movement was slowed down at the level of 0.7050, where the price began a partial recovery. The mood of the market continues to be bearish, the current correction is likely to have no prospects for development. Moving averages (50, 100 and 200) are directed downwards on the 4-hour timeframe. Resistance is located at 0.7120, support - at 0.7050.
MACD rose, indicating that sellers gain positions. RSI rebounded from oversold area.
Forecast NZD / USD
Level 0.7050 is the aim of the sellers. Samples below quotations will continue towards 0.6980.
Technical analysis and forecast gold rate today 14/10/2016
On the metal back demand as a safe asset, against a background of weak data from China, which caused a new wave of concern about the health of the second economy in the world.
The current situation in gold
Gold price outlook remains neutral. Gold continues to rebound from the strong psychological level of $ 1250 per ounce. Restoration of quotations was halted at Resistance 1260. Moving averages are directed downwards on the 4 hour chart resistance is located at 1260, support - to $ 1,250 per ounce.
MACD rose, indicating that sellers gain positions. RSI rebounded from oversold area.
Forecast Gold 10.14.2016
The pair XAU / USD is trading flat. A daily close above 1260 would open the way to resistance 1270. The downward movement, under the 1250 will increase the loss of up to 1,240 dollars per ounce.
Technical analysis and forecast of oil Brent 14.10.2016
Data on OPEC production increase up to a maximum of eight years, contributed to the decline in commodity prices, in the US a fresh report on oil stocks have on their growth.
Oil Current Situation
Brent crude oil quotes continued downward movement on Thursday. Support level 51.50 is temporarily halted the downward movement. Although the 3-day decline, quotes, Brent crude is still in the "green" zone. Active in the uplink, trading at the lower boundary. 50-EMA was unable to stop the downward movement, breaking the line of movement of prices continued south. Moving averages continue to move up. 50 and 100-EMA-EMA-EMA 200 intersect upwards. Resistance is located at 51.50 and support - to 50.50 dollars per barrel.
MACD has decreased, indicating that the increase in sellers. RSI continued to move to the oversold zone.
Oil Forecast 14/10/2016
If the price of Brent consolidates below 51.50, the downward movement will continue to gain momentum.
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