Forex technical analyst and forecast for today 11.04.2017: EUR / USD, GBP / USD, USD / JPY, GOLD, AUD / USD, DAX, NASDAQ, Brent
Technical analysts forecast forex euro dollar (EUR / USD) as of today 11/04/2017
At the beginning of the trading week the European currency slipped under the pressure of reducing the dollar, despite the upbeat report on Sentix, showed an increase in investor confidence. Low activity in the stock markets in Europe also contributed to the strengthening of the US currency. The focus of the market - the performance of the US Fed chairman at the University of Michigan. On the other hand, there is a probability that German economic sentiment improved, which may help to restore the pair.
Current situation euro dollar
On Monday, the pair remains under pressure. The euro continued to lose ground during the night and set new session lows near 1.0570. Thereafter, the pair stopped majeure decline somewhat recovered. Already in the second half of the day the pressure on asset back, the euro quotes back to the opening price of the beginning of work of the New York Stock Exchange. In accordance with the 4-hour time-frames currency instruments continued to trade well below the moving average. EMA 50 and EMA 100 are pointing downwards, whereas the 200-EMA was neutral in said graph. Resistance is at around 1.0600, and support - at 1.0550.
The MACD histogram is reduced, which is a signal to sell. RSI Oscillator consolidated.
Euro dollar forecast and recommendations on 04.11.2017
In the short term players on the euro with the dollar on the market should not expect a rollback. Breakdown level of 1.0600 will target 1.0625 traders. Below 1.0600 to reduce pair EUR / USD will support 1.0550.
Forex Technical Analysis Currency pair pound dollar GBP / USD on 04/11/2017
The British currency rose slightly to 2-week lows, despite the lack of news from the UK. Note that the main event on Monday was a speech Dzhanet Yellen. Meanwhile, as indicated by the forecasts, consumer prices in the UK remained unchanged in comparison with the previous year.
Pound Dollar current situation
In the Asian session Monday, the pound has kept the mood on the market. However, further decline was limited to a mark 1.2360. Price bounced off her and went up. Positive attitude preserved during morning trading. GBP / USD has tested the 1.2400 mark in late European session, but to break the level and could not. Prior to the beginning of the American session, the pair remained at session highs. 4-hour schedule demonstrated that pair tested 200 EMA and bounced up. 50-EMA-EMA 100 crossed downward. EMA-50 turned downwards, while the 100 and 200-EMA-EMA were neutral in the same time frame. Resistance is at around 1.2400, and support - at 1.2300.
MACD remained at the same level, which confirms the strengthening position of sellers. RSI indicator was located near pereprodannosti zone.
GBP / USD Pound Dollar forecast and recommendations 11/04/2017
Regarding the pair rises, the resistance of 1.2400 should be enabled to develop further the price could rise to the level of 1.2500. In the near future we can expect that bearish sentiment resumed. Target will reduce the area of 1.2300.
Forex. Forecast the dollar yen pair and Technical Analysis USD / JPY on 04/11/2017
With the opening of trading in the new week, the dollar continued to rise, supported by the growing conflict between the US and Syria. The main reason for growth remain speculation about what the Fed will reduce the balance of this year. Meanwhile, the pair is limited due to strong data on BOP Japan.
Dollar Yen current situation
During the night of trading the US dollar was unable to develop a mood to buy above 111.50. Cheerful pair set a session high near 111.54 and changes of direction. The tool has diminished during the night and later on the time of day of trading went to 111.00. Price rebounded from the EMA 50 and EMA-vblizi100 was maintained at 4 hourly chart. 100-EMA-EMA 200 and continued to decline, while the 50-EMA was neutral on the same graph. Resistance is at the level of 112.00, and support - to 111.00.
MACD entered the positive zone. If the histogram will be back in positive territory, the customer position will be strengthened. The RSI indicator is no longer valid upward movement and fell.
USD / JPY Forecast the dollar yen recommendations 11/04/2017
Level 110.00 stands next likely target with bears. At the same time recovery above $ 111.50 will develop an upward movement in the area of 112.00.
Forex analytics and NZD / USD forecast for 11/04/2017
The pair NZD / USD fell slightly during the night trading and has almost reached the 0.6900 area. Currency instruments stood at 0.6920 and changed direction. The price began to rise, and reached the 0.6950 area in late European trading, but then this mark will not progress to the evening auction. In accordance with the 4-hour chart price remains below the moving averages that are pointing downwards. Resistance is at around 0.6950, and support - at 0.6900.
The MACD histogram is decreased, indicating a strengthening of the positions of sellers. Oscillator RSI moved upward.
NZD / USD forecast and recommendations 11/04/2017
Closing day of trading above the level of 0.6950 regards to the risk of further growth in the area of 0.7000. Price focuses on strong support 0.6900, loss of which regards a further reduction in the area of 0.6850.
Gold technical analysis and forex forecast XAU / USD on 04/11/2017
Precious metal futures retreated down as investors prefer riskier currencies. The dollar also have rising expectations about increasing American control of interest rates in the current year.
XAU / USD current situation
Monday, gold prices were neutral, fixed above the level of 1250 in the first half of the day. Increased pressure on the metal in the afternoon. Vendors have begun to actively push for 1250 and break the level at the beginning of the American session. Quotes tested 50 EMA remained above it on the 4-hour time frame. EMA 50 and EMA 100 are directed upward, whereas the 200-EMA was neutral in said graph. Resistance is at around 1250, and support - 1,240 dollars per ounce.
MACD has decreased, which indicates the weakening position of the buyer. RSI is neutral.
Gold forecast XAU / USD recommendation on 04/11/2017
saved prospect of bullish sentiment in the medium term. Break of the resistance level of $ 1260 per ounce will direct the attention of traders on a mark of $ 1270 per ounce. At the moment, the precious metal is bought and requires correction. Possible target current reduction - 1240 dollars per ounce.
Technical analyst and forex forecast for Brent oil prices today 04.11.2017
The first day of trading, oil trading with optimism that was justified by increased conflict in the Middle East. Meanwhile, the rise in oil prices has been slow, as there are restrictions in connection with the new data to increase the production of "black gold" in the United States.
Oil Current Situation
In Monday trading on the Brent crude oil started with a predominance of bullish sentiment. The price has jumped to around 55.50 during overnight trading, but were able to overcome this level only in the morning during the European session. In the afternoon, prices continued to rise and reached highs last week before the opening of the stock exchange in New York. 4-hour chart showed that the price continued to trade well above the moving averages. 50-EMA-EMA 200 crossed upwards. EMA 50 and EMA 100 retained bullish bias, while the 200-EMA turned down in said time frame. Resistance is at around 56.50, and at 55.50 dollars per barrel support.
The MACD continued consolidation in the overbought zone. The RSI is near overbought zone, intending to climb higher.
Oil investors forecast 11.04.2017
The upward trend will continue, as soon as prices rise above the level of 56.00 dollars per barrel. The aim of the bulls in this case will be the level 56.50 dollars per barrel.
DAX Index technical outlook for investors on 04/11/2017
Stock indexes in Europe opened the session on Monday quietly, without significant changes. Positive mood in the mining sector and a rise in price of the securities of pharmaceutical companies began to support the market.
DAX current situation
Monday DAX index was neutral. Morning price moved in different directions, remaining between the marks 12200 and 12300. In accordance with the 4-hour time frame tested benchmark 50 EMA remained above the moving averages. 50-EMA-EMA 100 and 200 retained EMA bullish bias on the same graph. Resistance is at around 12,300, and support - to 12200.
the MACD indicator has been set at zero. If the histogram will go into negative territory, it will point to the strengthening of the positions of sellers. If the MACD will return to positive territory, control of the market will go to buyers. RSI remained in the neutral zone.
DAX forecast recommendation 11/04/2017
Bullish sentiment will remain until the level of 12,000 will not be broken down. Bouncing off the mark 12200 hello to the growth index in the region 12300. As an alternative to the development of trading breakout level of 12,200 would pave the way for a decline to around 12,100.
NASDAQ index technical analysis investors on 11.04.2017
NASDAQ index Monday remained neutral, entrenched in Price 5420 was located above the moving averages that were sent up to a 4-hour chart. Resistance is at around 5460, and support - on 5420
the MACD indicator has been set at zero. If the histogram will go into negative territory, it will point to the strengthening of the positions of sellers. If the MACD will return to positive territory, control of the market will go to buyers. RSI remained in the neutral zone.
NASDAQ forecast recommendation 11.4.2017
In the market there are risks of a downward movement, but should wait for the close of trading below the level of 5420 before the change of mood on the bear.
Analytical review of the submitted lead analyst broker Fort Financial Services Aleksandrom Kofmanom.