Forex. Technical forecasts for today 19.10.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent
Forex Technical Forecast 19.10 .2016 EUR / USD
The US dollar took a pause after the growth and retreat from highs in relation to the counter currency. N Pressure and the US currency continues to provide weak performance, released earlier in the week.
Current situation euro dollar
Tuesday, the EUR / USD has remained in short-term descending channel. The price rebounded from its lower border, approaching its upper face in the morning. Morning growth is likely to bore a technical character on the background bears fixing profits after last week's decline. The pair faced a new pressure for the opening of the US session. Instrument EUR / USD has lost its recent gains and fell below 1.1000 towards the 1.0950 level. On the hourly chart the recovery was limited to the 100 EMA near the level of 1.1000. Price bounced off moving averages and went down. Moving averages (50, 100 and 200) continued to decline. Resistance is at 1.1000, support - at 1.0950.
The MACD remained in the negative zone. Histogram decreased, indicating that amplification products sellers. RSI Oscillator is reduced.
Forecast 10/19/2016 The euro dollar
downtrend will start as soon as the EUR / USD pair will form a consolidation below 1.1000. The level of 1.0950 in favor of the first purpose of the sellers .
Forex Technical Forecast GBP / USD 19.10.2016
The British currency rose Tuesday, as it became known that in September residence in the country has risen in price the fastest pace in the background of the collapse of the national currency after the referendum.
Current situation
Sterling remained in the formed range in trading Tuesday. The price has moved away from its lower border near 1.2130 and was able to climb to 1.2288, where upward momentum faded. Attempt recovery was limited to the 50 EMA on the 4-hour chart. All moving averages continued to move to the south side on said time frame.Resistance is located at 1.2300, support - at 1.2200.
The MACD rose, indicating a weakening of the position of sellers. Oscillator RSI moved up.
Pound Dollar forecast for today 10/19/2016
Break the top of the range will allow to develop recovery to around 1.2400. Break down the level 1.2100 will further weaken the pair.
Technical Forex Forecast USD / JPY 19.10.2016
The US dollar fell against the yen after the publication of the report of the weak Empire State Manufacturing Inde, as this reduces the likelihood of higher interest rates in December.
Current situation
3-week bull trend remains in force. Price has become stronger in the Asian session on Tuesday. However, the growth was stopped near the level of 104.00, where the couple met interest in selling from traders, which reduced the couple. USD / JPY The pair rebounded from this level and fell to the 103.40 area, where the 50 EMA.50-EMA can be a strong support for the stock price on the 4-hour chart. Moving averages remain bullish bias at the same time-frame. Resistance is located at 104.00 and 103.00 support area.
The MACD fell, indicating a weakening of the position of the buyer. RSI is located in the neutral zone.
Forecast of the dollar, the yen today 10.19.2016
A likely scenario for trading may be a pair of stops in the area of 103.40. If the pressure on the pair continues, the tool may continue to decline to around 103.00.
Technical forex forecast NZD / USD on 10/19/2016
The pair NZD / USD rose after the publication of inflation figures in New Zealand, which came out better than expected, as well as on the background of a broad weakening of the US dollar.
Current situation NZD / USD
on Tuesday the day for the couple was held in a positive mood. The upward momentum of NZD / USD has continued, and the price is trying to overcome the 0.7200 level for the development of growth. For the growth of quotations is necessary to break through the 200 EMA, upward, which limits its growth on 4-hour chart. 200 EMA-neutral, 50 EMA and 100 EMA turned down following a price. Resistance is located at 0.7200, support - at 0.7120.
The MACD is in the positive zone. Histogram rose, indicating the strengthening of customer positions. RSI is in the overbought zone.
Forecast NZD / USD today 10.19.2016
If the bulls retain control of the market and break the level 0.7200 up pair NZD / USD may strengthen to the level of 0.7250. If the price can not exceed the level of 0.7200, the sale can proceed, and the price will drop to 0.7120.
Technical forex forecast rate of gold on 19/10/2016
Gold rose in trading Tuesday after disappointing US inflation data, which may affect the US growth rate in 2016
Gold current situation
Instrument XAU / USD remained range at auction Tuesday. The price of gold reached its upper limit, when the level of $ 1260 per ounce stopped them further recovery. Price tried to overcome this level, to continue to grow, but the attempts were unsuccessful. Precious metals moved away from daily highs and continued to decline in the US session. 200 EMA stopped the strengthening of the precious metal on the hourly chart. From the 200 EMA there was a rebound in prices downstream to the 50 EMA and the 100 EMA. EMA-200 moves down, EMA 50 and EMA 100 neutral on the same graph. Resistance is located at 1260, support - to $ 1,250 per ounce.
The MACD remained in the negative zone. If the indicator remains in negative zone, traders will get stronger position. RSI came out of the overbought zone and headed south.
Gold Forecast 19.10.2016
If the price will make another attempt to break up the resistance of 1260, we can expect an increase to around US $ 1270 per ounce. At the same time the bearish scenario requires closing below the level of 2150 dollars per ounce.
Technical forecast Brent crude on 10.19.2016
Oil went up on Tuesday as analysts believe that market saturation is not critical, and the reserves of "black gold" grow less than expected on the eve of the winter season.
Oil is the current situation
on Tuesday for London Brent crude traded formed gap. Prices rebounded from the 51.67 level to the level of 51.70 dollars per barrel. Later in the day Brent crude oil continued its recovery. The price reached the level of 52.00, which was the turning point. Price turned and headed down to the level of 51.50. However, downward pressure quickly extinguished, and the price stopped a few points above the level of 51.50. 50-EMA has become an obstacle for the upward movement on the 4-hour chart. Line repulsed price, sending her down. EMA-50 neutral 100-EMA-EMA 200 and directed upward. Resistance is located at 52.50 and support - to 51.50 dollars per barrel.
The MACD indicator is located on the ground level. If the histogram will go into negative territory, it will point to the strengthening position of sellers. If the MACD will return to positive territory, control of the market will go to buyers. RSI Oscillator is reduced.
Oil is forecast for today 10/19/2016
Bears are trying to take control of the market into their own hands. If they succeed, the price breaks the level of 51.50. after the breakdown of this level bears can head to 50.50.
Based on materials from Fort Financial Services
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