Technical analyst and forex forecast for today 14.03.2017: EUR / USD, GBP / USD, USD / JPY, GOLD, DAX, NASDAQ, Brent
Technical analysis and forex forecast for the euro dollar (EUR / USD) as of today 14/03/2017
On Monday, the European currency in the pair with the US dollar rose to a maximum of 4 weeks. Support for the pair have the statements of officials of the ECB about the possible rate hike before the closing asset purchase program. Strengthening the currency instrument will continue, if it becomes known about the growth of the index of economic sentiment in Germany, provided by the ZEW institute.
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Euro Dollar current situation on 03/14/2017
Buyers continued to develop growth during overnight trading Monday. However, after testing the level of 1.0700 euro began to lose power, came under pressure on profit taking. Price turned down and pierced the 1.0700 level down in the early European trading. After the breakdown of the level of the currency pair continued to decline and by noon had reached the area of 1.0665. In accordance with the 4-hour chart, the price broke up and moving averages continued to trade significantly above them. 50-EMA turned up and tested the 100 EMA. 100-EMA-EMA and 200 were neutral in the same graph. Resistance is at around 1.0700, and support - at 1.0650.
The MACD histogram has decreased, which indicates a temporary weakening of the position of the buyer. RSI came out of the overbought zone, intending to drop.
Forecast EUR / USD on 03.14.2017
Players forex is uchtityvat, likely scenario of trading in the euro dollar is considered to be a further decline to the level of 1.0650. Amid profit-taking price may fall to the level of 1.0625.
Forex Technical Analysis The pound dollar GBP / USD on 14.03.2017
Earlier this week, the British pound soared after a long flat. News from the UK on Monday, have been reported, but the market following the discussion of the bill on Brekzitu, the results of which will be known only in the middle of the week. Meanwhile, a key reason for the downward correction of the dollar has become a profit-taking by investors before the meeting shtatovskih regulator.
Dollar Pound current situation 14.93.2017
After three days of the flat pound found the strength to get out of it. Bullish momentum started at the opening of trading. Buyers sent the price to 1.2200 area, followed by the morning of the European session it struck. After his breakdown cable continued upward movement during London trading reached a level of 1.2250. The pair tested the 50-EMA in early European trading on the 4-hour chart. Monetary instrument remained below the moving averages, which were sent down on the same time-frame. Resistance is at around 1.2300, and support - at 1.2200.
MACD rose, indicating a weakening of the position of sellers. RSI Oscillator went up.
Forecast GBP / USD 14.03.2017
The current corrective recovery quotes the British due to profit-taking. Level 1.2300 Target bulls following acts.
Forex. Forecast of the dollar, the yen and the technical analysis of the USD / JPY on 03/14/2017
Weakening of the yen on Monday served as a weak report on orders for equipment and tools, as well as the decrease in the index of activity in the state. Meanwhile, the market focus is on the results of the meeting of the American regulator.
yen Dollar current situation 14/03/2017
Buyers met strong obstacle in the area of 115.00, and they had to retreat. The US dollar fell sharply on Friday and after a slight pullback during overnight trading, the morning resumed its decline. Sellers returned control and sent the price to the level of 114.50, which is the middle of the day stopped sellers. 4-hour chart showed that the pair remains above the moving averages, which were sent up. Resistance is at the level of 115.00, and support - to 114.00.
MACD has decreased, which indicates a weakening of the position of the buyer. RSI headed south, which confirms the current downward movement.
Forecast USD / JPY on 03/14/2017
It seems that the pair will continue to lose ground in the short term. However, its decline limited to the upcoming meeting of the Federal Reserve. Below the level of 114.50 the pair USD / JPY, it is likely to target the support level of 114.00. Further direction will depend on the outcome of the meeting of the Federal Reserve.
Forex. Technical analysis and forecast of USD / CAD for today 14/03/2017
The overall picture of the market remains positive. The US currency remains in the uplink. Recent sales price sent to the bottom border. On Monday, the US dollar traded in a narrow range, limited levels of 1.3470 and 1.3440. After sales, marked on Friday, the price was neutral. Also traders were not active before the meeting of the Federal Reserve. Price remains above the moving averages, which were sent up to the 4-hour chart. Resistance is at around 1.3470, and support - at 1.3400.
MACD has decreased, which indicates a weakening of customer positions. RSI was neutral.
USD / CAD forecast recommendation 14/03/2017
On the 4-hour time frame, the technical picture speaks in favor of the development of a downward movement for the purpose at the level of 1.3400.
Gold technical analysis and forex forecast XAU / USD on 03.14.2017
The appeal of the precious metal is growing again, as investors are not willing to take risks on the eve of important events of the week. In the center of attention of the financial markets are meeting the heads of the US Federal Reserve and central banks in Britain, Switzerland and Japan.
Gold is the current situation
On Monday, Gold remained fresh positive sentiment. Last week, the precious metal has found strong support in the region of $ 1195 per ounce and bounced off this mark. Buyers were able to recover some of the losses and sent the price to the upper boundary of the descending channel. In accordance with the 4-hour chart, the price was trading well below the moving average. 50-EMA-EMA 200 crossed in the downlink. 50 EMA and 100 EMA preserved bearish bias, while 200 EMA has been neutral in the mentioned time frame. Resistance is at around 1210, and support - to $ 1,200 per ounce.
MACD rose, indicating a weakening of the position of sellers. RSI headed north, which confirms the current upward momentum.
Gold XAU / USD forecast and recommendations 03/14/2017
In general, negative mood is retained on the market. However, the precious metal has every chance to develop a recovery before the Fed's meeting on the background of the dollar in the market of increased pressure. If the regulator will maintain the current interest rate, the pressure on gold will be leveled, and the precious metals market will be bullish. So far, the breakdown level of 1210 will open the way to the level of $ 1220 per ounce.
forecast for Brent oil prices today Technical analyst and forex 14/03/2017
The morning session Monday to oil quotations went on a minor note. Futures on the "black gold" fell to a minimum of 3 months after the news about the increase in drilling activity in the United States.
Brent is the current situation
Recovery at night was a short-term trading. Buyers raised the price in the area of 51.50 dollars per barrel, where upward momentum faded. Bears regained the initiative and sent quotes below a specified level. The benchmark declined and by noon reached the level of 51.00. 4-hour chart showed that the price continued to trade well below the moving averages, which were sent down. Resistance is at around 51.50, and at 50.50 dollars per barrel support.
The MACD histogram has decreased, which is a signal to sell. The RSI remains in the oversold zone.
Brent Oil Forecast and recommendations 03/14/2017
With regard to the development of resistance to the growth of 51.50 should be the support to the price could rise to the level of 52.50 dollars per barrel. The price of Brent crude may develop a bearish movement to the level of 50.50.
Investors technical analyst and DAX forecast for today 03/14/2017
Investors did not show activity on Monday in front of the main drivers of this week. Investors are waiting for the election in Germany vote on the act Brekzita and the results of the Fed meeting. Meanwhile, the energy and financial markets were mixed yesterday.
DAX current situation
Despite the fact that the opening of trading took place on a positive note, the index remained flat. DAX formed a gap up, but then remained at the opening price area. Pressure caused by sales in the late European session, helped close the gap. The index was fixed around 50-EMA on the 4-hour chart. Moving averages were sent up to said time frame. Resistance is at around 12,000, and support - to 11,900.
MACD indicator has been set at zero. If the histogram will go into negative territory, it will point to the strengthening position of sellers. If the MACD will return to positive territory, control of the market return to consumers. RSI showed movement in the upward direction.
DAX forecast and recommendations 14/03/2017
Break up the level of 12,000 would pave the way for a further rise to around 12100. In the meantime, we can expect that in the next session of the auction will continue sideways.
NASDAQ Index Technical Analysis and Forecast 14/03/2017
Before eventful week of trading pre-market trading on Wall Street took place in a downward direction. The market expects inflation report and the announcement of the Fed's monetary policy.
NASDAQ current situation
NASDAQ index traded in a narrow range, limited 30-Tew points near the mark of 5380. In accordance with the 4-hour chart, the price is above the moving averages, which were sent up. Resistance is at around 5420, and support - on 5380.
MACD remained at the same level, which confirms the strengthening of customer positions. RSI remained in the neutral zone.
NASDAQ forecast and recommendations 14/03/2017
Further direction NASDAQ index movement will depend on the outcome of the Fed meeting. If the US regulator will raise the rate increase is not excluded NASDAQ prices to the level of 5420. Otherwise, the price may fall to the level of 5340.
Analytical review of the submitted lead analyst broker Fort Financial Services Alexander Kofman.