Technical analysts and Forex forecast for today 27.12.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent
Technical analysis and forex forecast for the euro dollar (EUR / USD) as of today 27/12/2016
At the end of the week ended from EU countries published positive reports supported the national currency. As it became known, the German consumer climate index came in line with expectations. According to the data, consumer spending in France rose despite the reduction forecasts, and the GDP of the state remained unchanged.
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Euro Dollar current situation
The euro continued to recover their positions during the European session Friday, which was in a quiet holiday. However, its growth was halted by the fact that the majority of investors left the market to celebrate Christmas, retaining only a small market liquidity. On the hourly chart the price is between the EMA 200 and EMA 50 EMA 100 and EMA 200 are pointing downwards, while EMA was 50 points up. Resistance is at 1.0450, and 1.0400 support.
MACD located on the center line. If the histogram returns to the negative zone, it will be a signal that the power of sellers is growing. If the indicator will be in the positive zone, this would indicate that buyers take the initiative. RSI was in the neutral zone.
EUR / USD Forecast 27/12/2016
The graph shows the bearish trend. We recommend to open short positions with the first profit 1.0400. If the price consolidates below, the pair drops to 1.0350. Alternatively, you can consider the price to rise to 1.0450. In this case, buyers will strengthen to 1.0500 position.
Forex Technical Analysis and Forecast Pound Dollar (GBP / USD) as of today 27/12/2016
On Friday, Britain published an optimistic data on GDP and balance of payments, however, the pound did not use the support. As it became known, the UK's GDP growth in the 3rd quarter exceeded the forecasts of experts. Report on the current account deficit also showed the results better contraction forecast.
Pound Dollar current situation
On Friday, the pair GBP / USD remains in the downlink. Break down the level of 1.2300 confirmed the bearish sentiment in the market. Sellers dramatically reduced the price under the 1.2300 mark and recorded daily lows near 1.2250 after the opening of the European session. On the 4-hour chart, the price has continued to trade well below the moving average. The moving averages are pointing downwards. Resistance is at around 1.2300, and support - 1.2200.
MACD remained at the same level, which confirms the weakening of the position of sellers. The RSI remains in the oversold zone.
GBP / USD Forecast 27/12/2016
If the price falls below 1.2250, a new wave of sales could send the pound below 1.2200. Next Target sellers advocates support 1.2150, where the pair may turn briefly before falling to around 1.2100.
Technical analysis and forecast of the pair Dollar Yen (USD / JPY) 12.27.2016 Today
The end of the previous week coincides with a holiday in Japan - Emperor's Birthday, so markets in the country were closed. It should be noted that market participants closed their long positions in the US currency in the run up to Christmas, making it more vulnerable to the majors.
USD / JPY Current Situation
USD / JPY The pair is in a consolidation phase, with a tendency to decrease. The pair is trading with a moderate bearish sentiment. On the background of low liquidity market was "thin" on the last trading day of the week before Christmas. Price tested the 50-EMA on the 4-hour chart, but were unable to develop a downward movement. Price remains above the moving averages, which have kept upward slope. Resistance was located at 118.00, and 117.00 support.
MACD is at the zero 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, buyers will take control of the market into their own hands. RSI was neutral.
USD / JPY Forecast 27/12/2016
bearish sentiment prevailed on Friday. The pair is now directed to the support of 117.00. After steady breakdown of the mark, the attention of traders will go to the level of 116.00. Failure to continue the reduction could send the price up to 118.00 and 118.50 marks.
Forex Technical Analysis and Forecast Course NZD / USD today 27/12/2016
The pair NZD / USD has stabilized after an active price reduction by June lows. According to incoming reports, the New Zealand economy is developing in a positive way. As it became known, reports on employment of the population in the country and the level of business activity came rather optimistic.
NZD / USD current situation
The couple remained in 0.6900 trying to overcome it all day. On the hourly chart the price has tested the 50 EMA. The couple was well below the moving averages, which have retained a downward bias on the same chart. Resistance is at 0.6950, and 0.6900 support.
MACD rose, indicating a weakening of the position of sellers. The RSI remains in the oversold zone. RSI has moved in a northerly direction, which confirms the current upward momentum.
NZD / USD Forecast 27/12/2016
Expected upward correction, which will start as soon as the pair rises above resistance level 0.6950. His sample will direct the market's attention to a mark 0.7000.
Forex Technical Analysis and Forecast of gold rate today 27/12/2016
A small surge in demand for the precious metal was observed on Friday, but trading continued in the area of minimum 10 months. The pressure on gold has become strong US dollar and favorable forecasts for the Fed's tightening of monetary policy next year.
Gold is the current situation
The new buying interest contributed to the fact that the precious metal rose above the level of 1130. The pair XAU / USD recovery developed against the background of a new wave of dollar weakness. Price tested the 50-EMA on the hourly chart. Moving averages were strong obstacle that limited the recovery of bullish sentiment. EMA 50 and EMA 100 were neutral, while EMA 200 is directed downward on the same graph. Resistance was located at around 1140 and 1130 to support dollars per ounce.
MACD rose, indicating a weakening of the position of sellers. RSI has entered the neutral zone.
Gold Forecast 27/12/2016
Despite the recovery, according to the 4-hour chart, the bearish sentiment prevailed. Bears can break through the level of 1130 in the short term and forward prices to 1120 dollars per ounce.
Technical analysis and forecast of oil prices today 27/12/2016
Crude oil futures have ignored the news of the growing demand in China and rolled down on weak trading on Friday, which was due to the closing of positions before the weekend.
Oil Current Situation
Brent returned to the "red" zone on the tori Friday. Trying to restore met resistance in the 55.22 dollars per barrel. The benchmark fell in early trading, and tested the 54.50 level during the European session. The price has broken the 50 EMA and the 100 EMA are tested on 4-hour chart. 50 EMA was neutral, while 100 EMA and the 200 EMA retained a bullish bias. Resistance is located at 54.50 and support - to 53.50 dollars per barrel.
MACD is at the zero level. If the histogram will be back in positive territory, it will point to the strengthening of the positions of buyers. If the MACD will go into negative territory, the sellers take control of the market into their own hands. The RSI indicator was located in the neutral zone.
Oil Forecast 27/12/2016
It is expected downward correction, which will start as soon as Brent falls below the support level of 54.50.
Technical analysis and forecast for the DAX today 27/12/2016
European stocks on Friday showed growth, despite declining trading volumes on the back of weak activity of investors in the market on the eve of the Christmas holidays.
DAX current situation
At the opening of trading on Friday on the index DAX was formed gap up. The price has jumped to the level of 11,500, but could not overcome it. Index met resistance and rolled to the level of 11400. After testing this level benchmark rebounded and leveled half the daily losses. The price has broken the 50 EMA and tested 100-EMA on the hourly chart. All the moving averages are preserved bullish bias. Resistance is located at 11500, and support - at 11400.
the MACD indicator is at zero. If the histogram will go into negative territory, it will point to the strengthening position of sellers. If the MACD enters into positive territory, buyers will take control of the market into their own hands. RSI headed south.
DAX Forecast 12/27/2016
DAX is likely to resume a downward movement in the short term. Sellers must first break through the bottom level of 11400. After the breakdown of this level sellers likely send prices in region 11300.
The S & P500 Technical analyst, and the forecast for today 12/27/2016
Stock indexes on Wall Street have demonstrated in different directions of Friday. Support was provided by the positive trends in the health sector, finance and consumer goods.
S & P500 current situation
In early trading Friday on the index of the prevailing mood to buy. S & P500 rose and touched in 2260 after the opening of the European session. After testing this level, the price went down and recorded a day low of 2254. The benchmark is then raised and returned to the level of 2260 to the end of trading. On the 4-hour chart, the price has broken through the 50-EMA, and then approached the line and pulls back from her. All the moving averages have kept upward slope. Resistance is located at the index at the level of 2260, support - on 2240.
the MACD indicator is at zero. If the histogram will be back in positive territory, it will point to the strengthening of the positions of buyers. If the MACD will go into negative territory, the sellers take control of the market into their own hands. RSI remained in the neutral zone.
The forecast S & P500 27.12.2016
The most likely scenario for trading is the development of a downward movement to the level of 2240
* Analytical review of the broker of Fort the Financial Services , analyst Alexander Kofman
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