Forex. Technical analyst, and the forecast for today 17.11.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent
Forecast for euro dollar today 17.11.2016
On Wednesday, the US currency increased relative majors, touching a 14-year high. Demand for the dollar remains, as investors put on a rate increase this year. Against the background of an empty macroeconomic calendar Eurozone currency weakened the EU, with further pressure on the euro has the fact that the decline of yield US Treasury securities was suspended.
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The current situation in the euro
after the opening of trading on Wednesday, the EUR / USD could not help to achieve and turned for the worse.The euro continued to lose ground, and tested the 1.0700 mark at the opening of trading in London. Price tested the 50-EMA and bounced down on the hourly chart. All the moving averages are moving downward. Resistance is at 1.0750, support - at 1.0700. Technical indicators remain bearish signals. MACD remained in the negative zone.RSI Oscillator is consolidated in the negative zone. Forecast EUR / USD 17.11.2016 It is expected that the bearish momentum for the euro will be developed in the short term. Soon the likely breakdown of the level 1.0700 and then the 1.0650 mark the camp is the next day support and Target bears.
Forecast Forex GBP / USD today 17/11/2016
Investors were not impressed by the fundamental data from the UK, so the preference is still gave the US dollar.According to reports, in Britain the average level of wages, taking into account the premium was lower than forecast, while the number in need of unemployment benefits exceeded expectations.
The current situation in the pair Pound Dollar
Technical picture on the pair continued bullish sentiment during the Asian and European session on Wednesday.Pound holds above $ 1.2400, trying to continue the recovery. Level 1.2500 stands a strong obstacle to pair up.After testing price resistance rollback and reached 1.2400 before US trading. Trading instrument continued attempts to overcome the 200 EMA before the opening of trading in London. The line has limited the further growth of the pair on the 4-hour chart. Moving averages are neutral on the same chart. Resistance is located at 1.2500, support - at 1.2400.
Now the technical indicators are neutral. MACD is at the zero level. If the histogram will enter the positive zone, it will point to the strengthening of the position of the buyer. If MACD returns into negative territory, control of the market will go to the sellers. The RSI indicator remained close to overbought levels, intending to drop.
Forecast GBP / USD 17.11.2016
The failure to consolidate above the 1.2500 level increases the downside risks in the area of 1.2400. After the breakdown of the level of 1.2400, the next target would be the 1.2300 area.
Forex Forecast USD / JPY today 11/17/2016
Currency pair USD / JPY showed growth on Wednesday, as investors prefer riskier currency and the Nikkei 225 index rose to February highs. Additional support for the US currency have hopes for a rate rise in December.
The current situation for the pair dollar yen
pair is trading in an ascending channel. On Wednesday, the US dollar held near multi-month highs against the Japanese rival. The dollar moved in the upward direction and reached 109.50 in the middle of the European session. Traders were not able to continue the northern movement, the price turned around and went back to 109.00. USD / JPY pair is trading significantly above the moving average on the 4-hour chart. Moving averages (50, 100 and 200) have accelerated its growth. Resistance is located at 110.00 and 109.00 support area.
Technical indicators remain bullish signals. MACD remained at the same level, which confirms the strengthening of customer positions. RSI consolidated in the positive zone.
Forecast USD / JPY 17.11.2016
Price can head to the nearest resistance area of 110.00. If this mark is reached, then the pair is likely to continue in the area of 110.50. Break down 109.00 level will weaken the upward momentum. USD / JPY The pair may fall to 108.00, and further to the level of 107.50.
The forecast forex gold today 17/11/2016
In the middle of the trading week, gold futures have taken to try to recover, but the rise in prices is limited, since it is assumed that the US Federal Reserve will decide on monetary tightening this year.
The current situation in gold
phase of consolidation remains relevant in the auction environment. Buyers were able to return only a smaller portion of their losses before recovery stopped near the mark of 1230 dollars per ounce. Trying to overcome the level of 1230 was a failure during the European session. Precious metals rolled immediately after the test at this level. On the hourly chart the pair failed to break through the 50 EMA. The moving average has become a powerful obstacle that has beaten the price down. The moving averages are pointing downwards at said time frame. Resistance is located at 1230 support - to 1220 dollars per ounce.
Technical indicators went down, settling down in the negative zone. MACD remained unchanged, confirming the strengthening of the positions of sellers. The RSI indicator was close to oversold levels, intending to drop.
Forecast 11.17.2016 course gold
price went up to fresh Ofer for sale near the level of 1230 dollars per ounce. Failure to test this obstacle may renew interest in direct sales and prices in the area 1210, after having overcome the level of 1220 dollars per ounce.
Forex Technical Analysis and forecast of oil prices 17 .11.2016
Quotes of oil on Wednesday outlined fresh highs, despite evidence of an increase in US oil inventories. Meanwhile, investors are focused on the latest statistics from the US petroleum inventories.
The current situation of oil
on Wednesday, oil prices retreated from a 2-week high. Benchmark met an obstacle near the mark of 47.50, where buyers have lost their power, and turned. Traders sent Brent oil futures down and tested a mark of $ 46.50 per barrel in the middle of the European session. The current weakening of the asset may be due to profit-taking after two days of bull rally. Prices for Brent crude oil rebounded from the 100 EMA and headed down. Price is sandwiched between the 50 EMA and the 100 EMA on the 4-hour chart. Moving averages are moving downward.Resistance is located at 47.50 and support - to 46.50 dollars per barrel.
Indicators rebounded from oversold levels. MACD has decreased, which indicates a weakening of customer positions. RSI headed down.
Oil Forecast 11.17.2016
Buyers were unable to raise the price above $ 47.50. Bears took control of the market in their hands and lowered prices. If oil prices of Brent crude will fall below $ 46.50, in the short term may continue to decline in the first area of 45.50. Second Target sellers acts of $ 44.50 per barrel level.
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