Forex. Technical analysis and forecast on 05.05.2017: EUR / USD, GBP / USD, USD / JPY, USD / CAD, GOLD, S & P500, DAX, Brent
Technical analysis of forex forecast (EUR / USD) as of today 05/05/2017
Positive mood after the Fed meeting on Wednesday helped the US dollar recuperate some. However, the dollar's steady growth was short-lived. Sellers were stopped in the area of 1.0880, where the pair found majeure new bids. Pigeon mood against the US dollar has helped the single currency to overcome the mark 1.0900. Euro back by noon all of its losses incurred earlier, setting the maximum European session near 1.0940. Technical indicators on the 4-hour chart are positive. Resistance is at 1.0950, and support - at 1.0900.
EUR / USD recommendation 05/05/2017
An uptrend will resume as soon as the EUR / USD pair rises above resistance level 1.0950.
Forex analysis and forecast of the pair Pound Dollar exchange rate GBP / USD on 05/05/2017
The offensive sellers stopped near 1.2824 after the opening of the European session. Then the pound has replaced direction, and after the start of trading on the London Stock Exchange returned to the level 1.2900. This level stopped buyers, who remained below that prior to the opening of trading in New York. On the 4-hour chart, the technical indicators have been positive. Resistance is at around 1.2900, and support - at 1.2800.
GBP / USD recommendation 05.05.2017
The breakdown level 1.2900 will direct the attention of traders on a mark 1.2950.
Forex. Forecast of the dollar, the yen quotations and technical analysis of USD / JPY on 05/05/2017
Pressure on the yen lifted USD / JPY pair to fresh multi-week highs at auction Thursday. The upward movement stopped in the area of 112.75, where majeure couple spent the night and early morning trades. Before the start of the US session, buyers tested the level of 113.00. In accordance with the 4-hour chart technical indicators were positive. Resistance is at the level of 113.00, and support - to 112.00.
USD / JPY recommendations 05/05/2017
If the bulls retain control, with USD / JPY in coming sessions may test the level of 113.00. Next Target, in this case, the area will be 113.50.
Forex analytics and forecasting USD / CAD 05.05.2017
The strength of the US dollar began to fade in the area of 1.3750. Buyers did not find reasons to continue to raise the currency instruments. Bulls tried several times to overcome this level this week, but all their attempts were unsuccessful. The price rebounded from the upper boundary of the rising channel on early European session and the afternoon waned to its lower limit. However, late in European trading buyers back all the losses incurred earlier. On a 4-mixed data indicators given hourly chart. Moving averages retained bullish bias, while the MACD and RSI fell. Resistance is at around 1.3750, and support - at 1.3680.
USD / CAD recommendations 05/05/2017
bullish momentum is likely to resume in the near future. The objectives of the growth in this will be the levels 1.3750 and 1.3820 in the development of such a scenario.
Gold analysis and gold forex forecast XAU / USD on 05/05/2017
Bulls failed to continue the restoration of the night. Buyers were able to return the price to the level of 1240, which found new asset sell orders. The new wave of co-pressure side of the sales started in the morning, sending the pair XAU / USD down. Precious metal weakened and established session lows in 1232. At 4 indicators gave negative signals hourly chart. Resistance is at around 1240 and support - 1230 dollars per ounce.
XAU / USD recommendation 05/05/2017
confidently struck down the level of 1230 points to the resumption of bearish trading phase. Elevation 1220 - is the next goal of the sellers.
Technical analyst and forex forecast for Brent oil prices today 05.05.2017
At the auction on Thursday, Brent oil remained under heavy pressure. After a week of battle sellers were finally able to overcome the level of 50.50. Benchmark continued to decline after the break and went to the area of 50.00 dollars per barrel. Indicators gave negative signals on a 4-hour chart. Resistance is at around 50.50, and support - to 49.50 dollars per barrel.
Oil recommendations
Level 49.50 stands next support and opportunities Target bears.
Forecast and Overview DAX index investors on 05.05.2017
Thursday trading on the index DAX began with the bullish sentiment. In the morning the index jumped to a fresh weekly highs. Buyers tested the level of 12,600 and immediately afterwards struck this resistance. Benchmark extended gains during the European session. On the 4-hour chart, the technical indicators have been positive. Resistance is at around 12,700, and support - to 12600.
the DAX recommendations 05.05.2017
expectations are saved on the market, the price will go to the north on the level of 12600. Consumers can target the area of 12,700.
Forecast traders S & P500 today 05/05/2017
On Thursday, the S & P500 remained in the usual trading range. The index traded in the week between the marks in 2380 and 2390. The price Wednesday rebounded from the bottom of the sideways trend during the night and early morning trades has risen to its upper border. At a later session, the European buyers have tried to break up the level of 2390. The indicators were positive for 4-hour chart. Resistance is at around 2400, and support - on 2380.
the S & P500 recommendations
If bullish sentiment in the market continues, we can expect the breakdown level of 2400 in the coming hours.
Analytical review of the submitted lead analyst broker Fort Financial Services Aleksandrom Kofmanom.