Technical forex euro dollar forecast (EUR / USD) as of today 07/24/2017
Breaking through the level of 1.0600, buyers took a timeout. Throughout the night the price held near the newly punched level gathering forces for a new breakthrough. Bulls stepped up in the morning, when they lifted the euro quotations to the level 1.0650. The first half of the day customers are not abandoned their attempts to get released, but to do it and could not. Resistance is located at 1.1650, 1.1600 support level.
We believe that growth will continue and consumers will take 1.0650. Given the overbought we expect pullback to 1.1550.
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Technical forex forecast pair gbp usd GBP / USD on 24/07/2017
Bulls attempt to regain control of the market fell on Thursday. Buyers were able to raise prices only to the level of 1.3000, which rescued them down. Friday morning the bulls once again made an attempt 1.3000 breakthrough. In morning trading the price rose to 1.3000, but partly break through the level could only in the afternoon. Resistance is at 1.3100, support at 1.3000.
We believe that the reduction potential is not exhausted. Sellers can still reach 1.2900. However, right now we do not exclude the possibility of rolling back. Pound quotes can return to the area 1.3030-1.3050.
Technical forex forecast for today, the dollar yen pair USD / JPY on 24/07/2017
At night, the US dollar tried to develop a correction, but he had the strength only to the level of 112.00. Here, the price rebounded from the level and declined, leveling their achievements night. The decline continued in the afternoon. Active Update current lows, after heading to 111.50. Resistance is at 112.00, support lies at 111.00.
USD / JPY has difficulty with growth. In the asset until it is free and one way down this road. We expect a decline to 111.50 first, then to 111.00.
Technical analyst forex forecast pair USD / CAD today 07/24/2017
Pair USD / CAD continues to move down the channel. The dollar broke through 1.2600 Quotes first and almost reached the 1.2500 where sellers run out of power. All night long the dollar was recovering slowly and went back to 1.2600, where the asset is held all day. Resistance is located at 1.2600, 1.2500 support level.
If the pressure on the pair will remain, should be expected to fall to 1.2500.
Technical analysis and forecast of the oil price Brent 24.07.2017
For oil trading session on Friday turned into losses. Earlier, the price reached a level of 50.00, but the pressure has arisen not allowed to move above the benchmark. Rebounding from the level of prices fell 49.50 to 48.50. Resistance is located at 49.50, support is the level of 48.50 dollars per barrel.
Given the overbought asset, we believe that now is the time of correction. Downward movement may continue until 48.50-48.00.
Technical analysis of the DAX on 24/07/2017
Start trading for DAX turned losses on Friday. The index came under pressure from the very first minutes of the day. By the middle of the European session price reached 12,400 and almost immediately broke through it. By the beginning of trading in the US tested the DAX 12300. Resistance is at 12400, support is at 12300.
Sellers control the market, it is quite possible that the level of 12,300 will not stand and will be taken by them in the near future.
The S & P500 and the analyst forecast of investors on 07.24.2017
The index is still in the uplink, but asset growth difficult. Resistance 2480 constrains buyers, S & P500 is a few points from 2480. Resistance is located at 2480, 2460 support level.
Uptrend steady and strong. We believe that growth will continue after a short pause.
Technical analysis and gold XAU / USD forecast for today 07/24/2017
Buyers were able to gain enough strength to leave the recent flat. The price has moved beyond the lateral canal and has grown to 1248. Resistance is located at 1250, support is the level of 1240 dollars per ounce.
We believe that gold will continue to rise and could reach 1260.
Analytical review of the submitted broker Fort Financial Services
