Technical analyst and forex forecast for today 03.01.2017: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent
Technical analysis and forex forecast for the euro dollar (EUR / USD) as of today 01/03/2017
The euro has risen against the US dollar amid a "thin" market on Friday. However, the dollar's decline is limited due to expectations that the policy of the new US president will accelerate inflation and lead to higher interest rates in 2017.
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EUR / USD current situation
Bulls seem to have returned to the market, but their return did not last long. In the euro on Friday opened the bidding in the "green" zone against the dollar. Price arranged a rally and broke through the levels 1.0550 and 1.0600 in the Asian session on the last day of the week. The pair met an obstacle in the area of 1.0650, which pulled back in a downward direction. The price fell sharply after testing this level and went back to 1.0550-1.0500. The current reduction can be attributed to the profit fixation bears, which prefer to close positions before the end of the year. On the 4-hour chart, the price has broken through the 50 EMA and the 100 EMA up, and tested the 200 EMA in early trading. The euro managed to overcome the 200 EMA and bounced off the moving average before the opening of US trading. 100 EMA and the 200 EMA retained a downward slope, 50 while EMA was neutral during the day. Resistance is at around 1.0550, and support - 1.0500.
The MACD histogram has increased, which indicates strengthening of the positions of buyers. The RSI indicator remained close to the overbought zone, intending to drop.
EUR / USD Forecast 03/01/2017
After closing above the resistance level of 1.0550 the pair EUR / USD may continue to recover to the level of 1.0600. On the other hand the inability to rise above the current resistance levels the growth momentum. 2017 After closing above the resistance level of 1.0550 the pair EUR / USD may continue to recover to the level of 1.0600. On the other hand the inability to rise above the current resistance levels the growth momentum. 2017 After closing above the resistance level of 1.0550 the pair EUR / USD may continue to recover to the level of 1.0600. On the other hand the inability to rise above the current resistance levels the growth momentum.
Forex Technical Analysis and Forecast Pound Dollar (GBP / USD) as of today 03/01/2017
In the New Year's Eve the British stock exchange worked in the reduced mode, completing their bids by noon. It noted the low investor activity and low liquidity in the market. Dollar supported the growing hopes of tightening monetary policy in the new year.
Pound Dollar current situation
Pound extended gains from the recent lows at auction Friday. Buyers break the level 1.2300 after opening the London Stock Exchange and continued to rise to the level of 1.2350. Customers did not have for a long time and the beginning of trading in the US growth momentum came down to "no." GBP / USD turned around and went back to decrease. On the 4-hour chart, the price has tested the 50 EMA. 100-EMA-EMA 200 crossed in the downward direction. Moving averages are preserved bearish bias. Resistance is at around 1.2400, and support - 1.2300. The MACD was located on the zero line. If the histogram returns into negative territory, it will point to the strengthening position of sellers. If the MACD enters into positive territory, control of the market will go to buyers. The RSI indicator has gone out of the neutral zone and headed up.
GBP / USD Forecast 01/03/2017
In the event that customers retain control over the market, the pair may rise to the level of 1.2400. Otherwise, closing below 1.2300 will give a new strength to pressure bears. Sellers can send prices to the area of 1.2200.
Technical analysis and forecast of the pair Dollar Yen (USD / JPY) 01.03.2017 Today
On Friday, the US dollar took the lead against the Japanese currency. The dynamics of the foreign exchange market was insignificant as investors closed their deals and news from Japan and the United States was not published.
Dollar Yen current situation
USD / JPY pair has remained in the hands of the bulls on the auction Friday. US dollar against the yen trades dug in "green" zone and have developed upward momentum during the European session. Buyers have sent the price of the recent lows in the 116.00 to around 117.00. The pair tested the level in the middle of the European session, but then could not move. The price rebounded from the 100 EMA-up and approached the 50-EMA on the 4-hour chart. 100-EMA-EMA and 200 show an increase, while EMA-50 turned downwards. Resistance is located at 117.00, and 116.00 support.
MACD trading in the downward direction. RSI came out of the oversold zone and went into neutral.
USD / JPY Forecast 01.03.2016
After the break-up level of 117.00 the following Target will increase the level of 118.00.
Technical analysis and forex forecast AUD / USD on 03/01/2017
The Australian currency could gain some ground against the US dollar, supported by fundamental data RBA. According to the report, the amount of loan borrowed the private sector in Australia, in November matched the median forecast and the previous value.
The Australian dollar is the current situation
Growth Aussies stopped when buyers met an obstacle in the 0.7250 area. The pair came under pressure and rebounded from this level. Sellers lowered the price to 0.7200 area. On the 4-hour chart, the price has broken through the 50-EMA upwards. After this breakdown price remained near 50-EMA, touching the line. All the moving averages are pointing downwards. Resistance is at 0.7250, and 0.7200 support.
The MACD was located on the zero line. If the histogram returns into negative territory, it will point to the strengthening position of sellers. If the MACD enters into positive territory, control of the market will go to buyers. Oscillator RSI remain near overbought zone.
AUD / USD Forecast 01/03/2017
The technical picture shows the predominance of bearish sentiment. The most likely scenario is considered to be a further decline to the level of 0.7150.
Forex Technical Analysis and Forecast of the course gold XAU / USD today 01/03/2017
In the New Year's Eve Future gold showed growth, approaching a maximum of 3 weeks. On Friday, the market trading was lowered, and the US currency to fall in price, making the yellow metal more attractive for investment.
Gold is the current situation of
recovery in gold prices finished about $ 1160 for the mark. The precious metal has lost upward momentum against the background of the increased interest in dollar buying. After a brief consolidation in the early European session, the price fell below a three-week highs and slowly moved south. On the four-hour chart precious metal struck 50 EMA and 100 EMA-up. 100-EMA-EMA 200 and remain directed downward, while EMA 50 facing upward. Resistance was located at the level of 1160 and to $ 1,150 per ounce of support.
MACD has decreased, that speaks about strengthening the position of sellers. RSI is in the positive zone.
Gold Forecast 03.01.2016
If the daily candle closes below 1150 it could be a sign of the further weakening of the precious metal. In this case, the XAU / USD pair drops to 1120 dollars per ounce.
Technical analysis and forecast of oil prices today 01/03/2017
At the end of the trading week, Brent oil futures showed a positive direction, in an attempt to neutralize the loss of the previous session amid grown in US oil inventories. Support for crude oil have growing expectations on the reduction of production in 2017.
Oil is the current situation
of "black gold" prices retreated from recent highs late last week. Brent tested the level of 56.50 before the opening of the US session on Friday. On the hourly chart quotes tested the 50-EMA on the Friday before the opening of trading in New York. Moving averages have retained a bullish bias on the same chart. Resistance is at 57.50, and at 56.50 dollars per barrel support.
MACD was located above the zero level. RSI is in the oversold zone.
Oil Forecast 03/01/2017
We recommend that you open a deal to buy only if the price breaks through the level and consolidate above 56.50. We do not exclude the probability of correction to 54.50 dollars per barrel.
DAX Technical analysis and forecast 01.03.2017
Index developed lateral trading on Friday. Benchmark went down during early deals. The seller to send the price in the region of 11,400, but could not break it. The price is only tested the level and rebounded. DAX back recent losses and rose to around 11,500 in the middle of trading in Europe. On the 4-hour chart, the price tested the 50-EMA in early trading Friday, but later rebounded from the moving averages on the same chart. Price remains above the moving averages, which have retained a bullish bias. Resistance is located at 11500, and support - on the level of 11400.
MACD has decreased, which indicates a weakening of the position of the buyer. RSI came out of the neutral zone and headed north, which confirms the current upward momentum.
DAX forecast 03.01.2017
If the price overcomes the level of 11,400, medium-term positive outlook will be leveled. Reduction under the mark of 11,400 call into question the implementation of the plans of bulls, and the benchmark may go to marks 11300 and 11200.
The S & P500 Technical Analysis and Forecast Today 01.03.2017
Index continued its decline after a brief pause. S & P500 broke down the level of 2240, and headed towards 2220. On the 4-hour chart, the price has broken through the 50 EMA and the 100 EMA down. 100-EMA-EMA and 200 are directed upward, whereas the 50-EMA was flat. Resistance is located at the index at the level of 2240, support - on 2220.
the MACD trading in the downward direction. RSI remains in the oversold zone.
The forecast S & P500 03.01.2017 Index
is recommended to open positions on index sales only if the price drops below 2240. First Target sellers - the level in 2220, and the next - 2200.
* Analytical review of the broker of Fort the Financial Services , analyst Alexander Kofman