Forex Technical Analysis and forecast of the euro dollar (EUR / USD) as of today 16/05/2017
The EUR / USD on Monday in the forex bulls remained in power. Soft sentiment towards the greenback helped the single currency to reach new highs. vapor was neutral during the night, and by noon buyers raised the price to 1.0950 area. This level has not stopped major key pair that continued vertical growth. On the 4-hour chart, the technical indicators have been positive. Resistance is at 1.1000, and support - at 1.0950.
EUR / USD forecast and recommendations 16/05/2017
In case of continued bullish sentiment can be expected to consolidate above the level of 1.0950. If the bulls retain control of the market, then the pair this week could test the 1.1000 mark.
Forex Analytics pound and the dollar exchange rate forecast pair GBP / USD on 05/16/2017
On Monday, the pound began trading day on a positive note. Bulls were able to overcome the mark of 1.2900 in the middle of the Asian session. According to the major couple kept buying interest and after. At the late European session price reached the 1.2950 area. 4-hour chart showed that all the technical indicators were positive. Resistance is at around 1.3000, and support - at 1.2900.
GBP / USD forecast and recommendations 16/05/2017
It is expected that the pound will continue to trade near daily highs. Further growth to around 1.3000 is not excluded.
Forex forecast pair dollar yen exchange rate and Technical Analysis USD / JPY on 05/16/2017
Positive sentiments prevailed during overnight trading. Buyers have successfully overcome the level of 113.50 early in the morning. However, buying interest waned thereafter and the pair eased. Technical indicators were positive on 4-hour chart. Resistance is at the level of 114.00, and support - to 113.00.
USD / JPY forecast recommendation 05/16/2017
In the medium term stored bullish. Bulls first target located at around 114.00, and growth may develop to the level of 114.37.
Technical analysis of forex forecast AUD / USD today 05/16/2017
The pair AUD / USD on Monday resumed the upward movement. Bulls retained control received no last week and sent up an asset. In the morning, the pair grew and reached the 0.7450 area in late European session. At the 4-hour chart indicators were mixed. Moving averages have continued to the southern movement, while the MACD and RSI rose. Resistance is at around 0.7450, and support - at 0.7400.
AUD / USD forecast recommendation 05/16/2017
The AUD / USD remains in descending channel, approaching its upper border. If the buyers will be able to overcome the resistance of 0.7450, the price will continue to rise to the level of 0.7500.
XAU / USD Gold Forex analysis and forecast for 16/05/2017
Bulls retained control in trading Monday. Buyers have overcome the level of 1230 and then continued to move up quotes. Precious metal was unable to develop a growth above the level of 1230 and remained in that area until the opening exchanges America. In accordance with the 4-hour chart indicators were mixed. Moving averages are negative, while RSI and MACD gave a buy signal. Resistance is at around 1240 and support - 1230 dollars per ounce.
XAU / USD forecast recommendation 05/16/2017
The most likely scenario for the development of trade may be regarded as a further upward movement to the level of 1240 dollars per ounce.
Technical analysis and forecast for Brent oil prices today 16/05/2017
At the opening of trading on the price of Brent crude formed a gap up. Bulls and then maintained the advantage, sending quotes to the level of 52.25, where their activity has declined. In accordance with the 4-hour chart indicators were mixed. Moving averages are moving downward, whereas RSI and MACD allowed to buy signal. Resistance is at around 52.50, and support - to 51.50 dollars per barrel.
Brent advice for investors 16.05.2017
The main goal of traders is now located at the level of 52.50 dollars per barrel.
Analytical review of the submitted lead analyst broker Fort Financial Services Aleksandrom Kofmanom.
