Forex. Technical forecasts for today 25.10.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent
Technical EUR / USD forecast for 25/10/2016
A temporary increase in the foreign exchange instrument EUR / USD on Monday was driven by strong data on PMI manufacturing and services sectors in the euro area. In addition, the pressure on the US currency has reduced demand for riskier assets.
Current Situation
In Monday trading on the EUR / USD pair opened on a minor note. During the day, the price remained near last week's lows. The pair rebounded from oversold zone boundary and in the European session regained some of their losses. The price rose to around 1.0900, where upward momentum faded. On the hourly chart the price has remained below the moving average, which is directed downwards. Resistance is at 1.0900, support - at 1.0830.
The MACD has changed slightly since last week. Histogram rose, indicating a weakening of the position of sellers.The RSI continues to consolidate in the oversold zone.
Forecast 25/10/2016 The euro dollar
long-term perspective will assume dominance of bearish sentiment, while the price holds below 1.1000. The pair is oversold and may be restored to the level of 1.0950. We can expect that the downward trend will continue in the near future.
Technical outlook GBP / USD on 25.10.2016
On Monday, the pair GBP / USD has been developed sideways trend as critical reports from the UK has been published. Moreover, the downward trend contributes to the positive sentiment towards the US dollar.
The current situation is
neutral phase, which began a week ago, is still relevant this week. GBP / USD pair is trading in the middle of a narrow range, limited marks 1.2300 and 1.2200. The price recovered to the level of 1.2250 in the European session, where upward momentum faded as the pair met bearish resistance. On the hourly chart the pound broke the 50 EMA and the 100 EMA are tested. During the day, the price of trying to overcome the 100 EMA. EMA-50, 100-EMA-EMA 200 and directed downward on the same graph. Resistance is located at 1.2300, support -. 1.2200 on
the MACD indicator is located on the ground level. If the histogram will enter the positive zone, it will point to the strengthening of the positions of buyers. If MACD returns into negative territory, control of the market will go to the sellers. RSI is neutral.
Forecast 10/25/2016 Pound Dollar
If the GBP / USD pair continues its recovery, the growth target may be the area 1.2300 / 30. Movement below 1.2200 will expose a pair of goal in the area of 1.2100.
Technical outlook USD / JPY on 25/10/2016
The Japanese currency strengthened in tandem with the US dollar, supported the publication of positive reports on the trade balance and the index of business activity of the productive sector of the state.
The current situation
Pair USD / JPY remains under pressure to the middle of the European session. Couple again failed to overcome the level of 104.00, and returned to the position below it. With the arrival of the American traders bulls made another attempt to break through 104.00 and at this time successfully. Breaking through the level trading instrument stopped in the area of 104.30. 50-EMA issued strong support for the pair. On the 4-hour chart, the price has tested the line and jumped in an upward direction. EMA-50, 100-EMA-EMA 200 and directed upward. Resistance is located at 104.60 and 104.00 support area.
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 remained in the neutral zone.
Dollar Yen Forecast 25.10.2016
Customers may continue to attempt to overcome the level of 104.00. Prospects for preservation of bullish sentiment will be relevant as long as USD / JPY pair remains above $ 103.00. Do not exclude short-term correction to 103.00.
Technical Forecast USD / CAD 25.10.2016
The US dollar continued to strengthen against his Canadian opponent, supported by expectations of rising rates in the US in December 2016. At the same time, the negative statistics from Canada reduces the demand for the national currency.
The current situation
Monday, the pair USD / CAD was trading near last week's highs. A pair of mood were neutral, and remained above $ 1.3330 during the day. Price is above the 50 EMA 100 EMA and the 200 EMA on the 4-hour chart. Moving averages are directed upwards. Resistance is located at 1.3400, support - at 1.3330.
The MACD is in the positive zone. Histogram remained at the same level, which indicates the strengthening of customer positions. The RSI is near oversold zone, intending to move in a downward direction.
Forecast USD / CAD today
In a pair dominated by bullish sentiment. Buyers can raise the price up and test the level of 1.3400. Price may slightly reduce to 1.3250.
Rate of gold technical forecast for today 25/10/2016
Earlier this week, trading in gold flowed almost unchanged, despite pressure from the US dollar got stronger.
Current situation GOLD
picture for this instrument shows a predominance of negative sentiment. On Monday, the pair XAU / USD traded in a narrow range of 1261-1266. Prices have tried to overcome the level of 1260, which kept buyers. On the 4-hour chart, the price is between the 50 EMA and the 100 EMA. 50 EMA is neutral, 100 EMA and the 200 EMA slowed its decline. Resistance is located at 1270 support - 1260 dollars per ounce.
The MACD remained at the same level, which indicates the position gain sellers. RSI is neutral.
Gold Forecast 10.25.2016
confidently struck down the level of $ 1260 an ounce of gold can allow the drop to the level of 1250. In the opposite case, the price may continue to attempt to overcome the level of 1270. If the breakdown of this level will be held on the precious metal prices may rise to the level of 1275 dollars per ounce .
Oil prices are forecast for today 25/10/2016
On Monday, oil futures showed a decline after the announcement of Iraq's unwillingness to participate in OPEC agreements on the reduction of oil production to balance supply and demand in the market. oil pressure also has a report showed the increase in drilling activity in the US.
The current situation
on the Brent crude oil traded in the flat, staying in a narrow range 51.50-52.00. Sellers defended mark 52.00, and the price rebounds from this level, every time you try to rise above it. Selling pressure intensified in the beginning of the American session. Futures for Brent broke through the level of 51.50 and fell to 51.00. On the 4-hour chart, crude oil futures rebounded from a 50-EMA, struck a 100 EMA, and headed south. EMA 50 is directed downward, and the 100-EMA-EMA 200 move upward. Resistance is located at 51.50 and support - to 50.50 dollars per barrel.
The MACD indicator is in the negative zone. Histogram remains the same, which indicates the position gain sellers. RSI Oscillator is reduced.
Oil Forecast 10.25.2016
If the pressure continues, the price of Brent crude oil could fall further to the level of 51.00. Next Target bears will be the level 50.00.
Analytical forex forecast Fort Financial Services
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