Technical analysis and forex forecast on 04.10.2016: EUR / USD, GBP / USD, USD / JPY, oil, gold, DAX
Technical Analyst and Forecast EUR / USD 04/10/2016
Greenbacks in forex trading on Monday strengthened its positions against the euro, due to lower concerns about problems in Deutsshe Bank.
The current situation on EUR / USD
The euro / dollar is maintained dominance of bearish sentiment. Quotes euro on the first trading day of the week showed weak volatility on rgah in Europe. EUR / USD was trading below 1.1250 and remained within a narrow range during the trading day. At the auction in the United States began to decline in the euro quotes. Price EUR / USD was fixed above the 50 EMA 100 EMA and the 200 EMA on the 4-hour chart. Moving averages are the strong support for the currency pair euro dollar. Resistance at 1.1250, support - at 1.1200.
The MACD is in the positive zone. RSI remained in the neutral zone at auction Monday.
Forecast for today EUR / USD
Support level 1.1200 remains the key. Confident breakdown of support down the euro will open the way to the area of 1.1150.
Technical analyst and forecast pair Pound Dollar (GBP / USD) on 4/10/2016
United Kingdom Price displayed in forex trading on Monday sharply lower against the greenback to a minimum of 3 months. Market participants ignored the release of positive manufacturing activity Albion, confirming the growth of the economy after the decision to withdraw from the EU structure. Theresa May his statement that the country's exit from the EU process will be launched before the end of March next year, literally brought down the British quotation.
Current situation GBP / USD
GBP / USD at trading in Asia was formed gap. Next in trading in Europe, the euro dollar continued to move in a southerly direction. British Course broke through the level 1.2900 and started to consolidate. 4-hour chart shows that the price is below the 50 EMA 100 EMA and the 200 EMA. Moving averages remain bearish movement.Resistance is located at 1.2900, support - at 1.2800.
MACD has decreased, which indicates the position gain sellers. RSI approached the oversold zone.
Forecast pair GBP / USD
Couple pound dollar lost 1.2900 level, suggesting further continued decline in prices. The next target for the bears pound is at 1.2800. If the price reaches this level, a further decline is likely to continue in the area of 1.2700.
Technical analyst, and the forecast for the Dollar Yen (USD / JPY) 04.10.2016
The Japanese currency in the pair with the US dollar was trading against the backdrop of subdued economic reports submitted. Note that the market ignored a strong release - Tankan index for the third quarter.
Current situation of USD / JPY
Pair USD / JPY forex trading Monday trading neutrally. The US dollar remained strong against the yen. The pair has traded in a narrow range between the levels of 101.10 and 101.60 during the European session. After a strong rebound from 3-month support in the area of 100.06, USD / JPY consolidated. The dollar, the yen is sandwiched between the 100 EMA and the 200 EMA, which act nearest support and resistance. Moving averages have slowed their movement on the 4-hour chart. Resistance is located at 101.40 and 100.40 in support.
MACD remained the same, indicating that the strengthening of customer positions. RSI is close to overbought.
Forecast USD / JPY today
Traders are not recommended to enter the market in the coming days are expected side trades.
Technical analyst, and the forecast for USD / CAD 04.10.2016
On the commodities market, investors positive about oil quotes favorably vliyaniet commodity currencies including the Canadian dollar.
Current situation USD / CAD
Sellers pair USD / CAD tried to regain control of the market. In Asia pairs traded sluggishly and came under selling pressure in European trading. Bears break the level 1.3100, but not dug beneath it. Quotes rebounded from the level 1.3070. The price rebounded from the 200 EMA on the 4-hour chart. The pair USD / CAD has broken through the 100 EMA and the 50 EMA are tested on said time frame. Resistance is located at 1.3200, support - at 1.3100.
MACD remained at the same level, which indicates the position gain sellers. RSI is located in the neutral zone.
Forecast USD / CAD today
Sentiment on the pair USD / CAD remains bullish. It is necessary to wait for the growth of quotations in the area of 1.3200. If the pair USD / CAD consolidates below 1.3040, the bears will lower the price to 1.2900.
Technical analysis and forecast gold course on 04.10.2016
Precious metals traded on Monday did not show. Trade in gold took place in at least 2 weeks, as investor sentiment improved amid easing concerns about the problems of the banking sector in Germany.
Rate of gold current situation
Gold was steady on Monday after a sharp decline, marked last Friday. The pair traded near recent lows near the level of 1310. Gold prices are below the 50 EMA 100 EMA and the 200 EMA, which are directed downward.Resistance is located at 1320 support - at 1310 dollars per ounce.
MACD remains negative. RSI is in the oversold zone.
Forecast for today gold
The pair XAU / USD heads for the nearest support in 1310. A close below this level will send the price to the level of 1305. The breakdown of the level of 1320 up can strengthen the position of buyers and open the way to the district 1327-1330.
Technical analyst, and the forecast for oil Brent 04.10.2016
Crude oil futures rose on the return of investors to riskier assets. Support for the "black gold" had successful negotiations on the OPEC meeting, which took place the previous week.
Current situation of Brent crude
Oil prices remained under pressure from purchases at auction Monday. Despite the gap down at the opening of the Asian session, the price reversed and continued growth, which began last week. Brent crude approached the August highs, which were recorded on 19 August. Price remains above the moving average on the 4-hour chart.EMA-50 growth and accelerated its crossed-EMA 100 in the upward direction. All the moving averages are pointing upwards. Resistance is located at 50.50 and support - to 49.50 dollars per barrel.
MACD is in the positive zone. Histogram rose, which is a signal to buy. RSI is in the overbought zone.
Oil is forecast for today
Oil investors should not expect development of correction, which will last a few days to reduce the current overbought. Quotes of oil may revert back below 49.50 and then to 48.50.
Technical analyst, and the forecast index DAX 04.10.2016
On Monday, the European stock market indices traded in a quiet mode. At the same time, the banking sector rally stalled, as the market remains concerned about the Deutsche Bank. Meanwhile, Germany's financial markets were closed for a public holiday.
Current situation DAX Index
The index remained in the area last week highs against the backdrop of the weekend. 200 EMA stopped the further growth of the DAX index. 100-EMA-EMA 200 and protrude strong resistance. 50 EMA and 100 EMA are directed downwards, while the 200-EMA continues to move in a northerly direction. Resistance is located at 10520 support - to 10,350.
MACD and RSI have not changed since Friday's trading.
DAX Index forecast for today
After a sharp rise, it is expected that the price retrace down. Correction can reduce the index in the region 10350.
Technical analysis and forecast index S & P500
US indexes began Monday in the red zone against the backdrop of the recession of the retail sector and the health sector.
Current situation The S & P500
Confidence index traded below $ 2,165 on Monday. Price retreated from the highs of last week and partially lost their achievements in the European session. The S & P500 continued to decline at the beginning of the American session. The price rebounded from the 200 EMA and rolled to the 100 EMA. On the 4-hour chart 100 EMA and the 200 EMA preserved bearish bias, the 50 EMA upward. Resistance from the index in 2165, support at 2150.
MACD has decreased, which indicates a weakening of customer positions. RSI remain neutral.
Forecast The S & P500 today
Bears are back in the game. The upward movement stopped, sellers can drop the price to 2140, breaking the mark of 2150.
Fort Financial Services Broker Alexander Kofman.
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