Technical analyst and forex forecast for today 15.03.2017: EUR / USD, GBP / USD, USD / JPY, GOLD, DAX, NASDAQ, Brent
Technical analysis and forex forecast the euro dollar exchange rate (EUR / USD) as of today 03/15/2017
On Tuesday it became aware of the increase in consumer prices in Germany, as predicted by experts. Note that the index peaked in August 2012. It is unlikely that the acceleration of inflation in the first of the EU economy and the rest of the world will be a key factor for deciding to change the monetary policy of the ECB.
Start trading forex with no deposit bonus!
Euro Dollar current situation
recovery recorded during the night of trading, was abandoned in the area of 1.0650. On the morning of sellers regained control of the market. The pair fell and broke through this level after the opening of the London Stock Exchange. Then, the price continued to decline, heading towards 1.0630. In accordance with the 4-hour chart, the price has tested the 200 EMA. 50-EMA-EMA 100 crossed upwards. EMA 50 facing upwards, whereas the 100 and 200-EMA-EMA were neutral in the same time frame. Resistance is at around 1.0650, and support - at 1.0600.
MACD went down. RSI moved in a southerly direction, which confirms the current downward movement.
EUR / USD forecast and recommendations 15.03.217
If the bearish sentiment continues, we can expect the level of breakdown 1.060 0.
Forex Technical Analysis The pound dollar GBP / USD on 15.03.2017
The weakening of the pound came after parliament passed a bill allowing authorities to invoke Article 50 of the Lisbon Treaty. Meanwhile, the amendment limiting the powers of Teresa May, were offset. Pressure on the pound have reported that the announcement of the launch of Brekzita planned to do in the last week of March.
GBP / USD current situation
Tuesday trading on the pair GBP / USD opened in the "red" zone. The pound started the day near 1.2200. Sellers during the Asian session, the price was lowered. A new wave of bearish sentiment started in the morning. Monetary instrument broke this level and fell sharply to around 1.2100. vendors have not been able to break through it immediately and kickbacks to gain strength a new attempt. The price has broken down the 50 EMA and continued to trade well below the moving average on the 4-hour chart. Moving averages are preserved bearish bias on said time frame. Resistance is at around 1.2200, and support - at 1.2100.
The MACD histogram has decreased, which is a signal to sell. RSI headed south, which confirms the current downward momentum.
GBP / USD Forecast 03/15/2017 recommendations and
closing trades below 1.2100 could lead to the risk of reduction in the area of 1.2000.
Forex. Forecast of the dollar, the yen and the technical analysis of the USD / JPY on 03/15/2017
At the opening of trading on Tuesday was dominated by bullish sentiment. The pair started trading near 114.70. Buyers raised the price during the night session. The price has broken the specified level after the opening of the European session, but continue to grow and could not. Apparently, the level of protection for merchants, which are not allowed on the asset. Price was located significantly above the moving averages, which are directed upwards on the 4-hour time frame. Resistance is at the level of 115.00, and support - to 114.00.
Histogram rose, which is a signal to buy. RSI Oscillator went up.
Forecast USD / JPY and recommendations on 15/03/2017
The general mood on the USD / JPY pair remains bullish and the price may rise to 116.00 resistance.
AUD / USD forex forecast for today 15/03/2017
The pressure on the Australian currency has had a disappointing survey of entrepreneurs from the NAB. However positively reflected on a pair of upbeat data on promsektore in Chinese production.
AUD / USD current situation
Tuesday, sellers kept the leadership in the market. Bears sent the Australian dollar down on the opening day of trading. The currency pair tested the 0.7550 mark after the start of the Asian session. The pair was not able to overcome it on overnight trades, and had to be rolled back. In the morning the sellers got another chance to implement their plans. They have reduced the price, and tested this level in early European trading. Prior to the auction sellers in America and did not manage to break through the level. During the American session, the pair remains under pressure against the background of interest in buying the US currency. 4-hour chart showed that the pair failed to consolidate above the 50 EMA, and returned to it. 100-EMA-EMA 200 crossed in the downward direction. 50 EMA and 100 EMA preserved bearish bias, while 200 EMA has been neutral on the same chart. Resistance is at around 0.7600, and support - at 0.7500.
MACD indicator has been set at zero. If the histogram will enter the positive zone, it will point to the strengthening of the positions of buyers. If MACD returns into negative territory, sellers will get control of the market. RSI remained in the neutral zone.
Recommendations and outlook AUD / USD on 15.03.2017
Closing of trading below the 0.7550 level will contribute to further losses to the level of 0.7500 the pair.
Gold technical analysis and forex forecast XAU / USD on 03.15.2017
Gold prices remained neutral mood on Tuesday, trading around $ 1,200 an ounce. Precious metals first half of the day to move up and down in a narrow range between the marks 1205 and 1200. In the second half of the European session on increased demand for the metal, which began to grow in the direction of 1205. The price remained below the moving average on the 4-hour time frame. EMA 50 and EMA 100 facing downward, while EMA-200 was neutral in said graph. Resistance is at around 1210, and support - to $ 1,200 per ounce.
MACD rose, indicating a weakening of the position of sellers. The RSI indicator was located near the oversold area.
Recommendations and Gold XAU / USD 15.03.2017 prognosis
in case of breakdown of the level of 1205 will focus the attention of traders at around US $ 1210 per ounce.
forecast for Brent oil prices today Technical analyst and forex 15/03/2017
On Tuesday, Brent oil quotations attempted to develop a correction. Buyers were able to raise the price to around US $ 51.50 a barrel during overnight trading. The benchmark broke this level during the European session. After that break the mood in the market of raw materials dramatically changed to negative. Brent changed direction and fell to the 50.50 support. In accordance with the 4-hour chart, the benchmark continued trading well below the moving average. 50 EMA 100 EMA and the 200 EMA preserved bearish bias. Resistance is at around 51.50, and at 50.50 dollars per barrel support.
MACD rose, indicating a weakening of the position of sellers. RSI Oscillator came out of the oversold zone, and immediately returned to its limits.
Oil price forecast for 03/15/2017
If the benchmark will be fixed at the level of 50.50, the following Target vendors will support 49.50 dollars per barrel.
Investors technical analyst and DAX forecast for today 03/15/2017
On Tuesday, European stock markets weakened due to uncertainty surrounding the elections were in the Netherlands and a decision on interest rates at the meeting of the Federal Reserve US.
DAX current situation
at the opening of trading DAX index fell. The price has moved away from the level of 12000 and 11900 hit late in European trading. 4-hour chart showed that the price back below the 50 EMA. The moving averages are pointing downwards at the said time frame. Resistance is at around 12,000, and support - to 11900.
the 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 headed south, which confirms the current downward movement.
Forecast DAX and recommendations on 03/15/2017
If the price consolidates below 12,000, the index may develop a decrease in the area of 11900 and 11850.
The S & P500 Forecast traders on 15/3/2017
S & P500 index was neutral during the night and morning trading. The benchmark traded in a narrow range limited 30-Tew points near 2370. The index fell sharply in the afternoon, reaching in the second half of the day 2360. The price was sandwiched between 50 EMA and the 100 EMA on the 4-hour time frame. 50 EMA was sent down, while 100 EMA and the 200 EMA retained a bullish bias on the same chart. Resistance is at around 2380, and support - on 2360.
the MACD indicator has been set at zero. If the histogram will enter the positive zone, it will point to the strengthening of the positions of buyers. If MACD returns into negative territory, control of the market will revert to the sellers. RSI remained in the neutral zone.
Forecast SP500 on 15/03/2017
Confident breakdown level 2360 indicate a resumption of bearish trading phase.
Analytical review of the submitted lead analyst broker Fort Financial Services Alexander Kofman.