Technical analyst and forex forecast for today 17.01.2017: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent
In the forex trading on Monday, the mood of traders against the euro improved, and this contributed to exceeding the forecasts of growth in the trade balance of the euro area in November. The key date is the ECB's decision on monetary policy. The attention of investors is also worthy of a report from the ZEW Economic sentiment in Germany for the current month, which is likely to show growth above the December figure.
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Euro dollar is the current situation
in the euro weakened Monday. After a gap downstream pair continued trading in the "red" zone. Sellers struck 1.0600 level before the opening of the European session. After the breakdown of the level of the bears continued to reduce the price to 1.0550 area. However, the momentum of the EUR / USD has remained positive despite the current decline. The euro remained above the moving average on the 4-hour chart. 50-EMA-EMA 200 has stopped in the upward direction. 50 EMA and 100 EMA are moving north, while 200 EMA remained in the flat at the said time frame. Resistance is at 1.0600, and 1.0550 support.
MACD has decreased, which indicates a weakening of customer positions. RSI Oscillator came out of the overbought zone and headed south.
EUR / USD forecast for 01/17/2017
Sellers likely to continue gaining ground in the short term. Their first target will be the level of 1.0550. A close below this level will form a new downward pressure against which the price will go to 1.0500.
Forex Technical Analysis and Forecast of the pound dollar (GBP / USD) as of today 01/17/2017
On the first trading day of the week the market's attention captured performance in London Governor of the Bank of England Governor Mark Carney. Note that the pound slid to lows after the crash in October, because the pressure is amplified before the performance of British Prime Minister Theresa May, during which the details will be announced at the exit from the EU plan.
Pound Dollar current situation
at the opening of trading on Monday pound gap formed in the downward direction. The price rebounded from the 1.2184 level to 1.1197, but then failed to return a smaller portion of their losses. Customers have raised the "cable" and almost reached the level of 1.2100 in early European trade. Bulls could not overcome that level and retreated. Sterling fell below the moving averages and remained here on 4-hour chart. All the moving averages are pointing down on the same chart. Resistance is at around 1.2100, and support - 1.2200.
The MACD histogram has decreased, which indicates the position gain sellers. RSI remained in the negative zone.
GBP / USD forecast for 01/17/2017
On the 4-hour chart is dominated by bearish sentiment. GBP / USD pair is now directed to the support of 1.2000. After the breakdown of this level sellers are heading to a mark 1.1900.
Forex Technical Analysis and Forecast of the dollar, the yen (USD / JPY) 01.17.2017 Today
On Monday, the US dollar retreated against the yen safe as the market prepares for the inauguration of the new US president Donald Trump. In addition, at the beginning of the week trading in the US stock exchanges were closed on the occasion of the celebration of Martin Luther King Day, leaving the national currency without the support.
Dollar Yen current situation on January 17
at the opening of trading week the US dollar formed a gap down, and then developed a downward movement. Sellers tested the level of 114.00, and the price immediately jumped on this level. The couple spent the European trading above $ 114.00, while remaining within a narrow range. On the 4-hour chart, the pair is trading well below the moving average. 50 EMA crossed down the 200 EMA. 50 EMA and 200 EMA are directed downwards, while 200 EMA was flat. Resistance is located at 115.00, and on the 114.00 support.
MACD rose, indicating a weakening of the position of sellers. RSI remains in the oversold zone.
USD / JPY forecast for 17.01.2017
USD / JPY pair has difficulty with the development of further decline. Now all the attention is focused on the resistance level of 115.00. The breakdown of the mark, send a pair to 116.00 area.
Technical analyst and forecast pair NZD / USD today 01.17.2017
In early trading Monday kiwi back into negative territory. The New Zealand dollar gap formed in the downward direction at the opening of trading. However, buyers were able to neutralize all their losses, and a couple even partially put on weight, up to the level of 0.7150 to the opening of the European markets. After testing the resistance of the bulls we lost upside momentum and retreated from it. Sellers took the initiative and sent the price below 0.7100. However, they failed to achieve any significant achievements and they departed, returning the initiative to customers. The pair NZD / USD has remained in the area of 0.7100 before the opening of US trading. The price was fixed above the moving average on the 4-hour chart. 50 EMA and 100 EMA are headed up, while 200 EMA has been neutral in the mentioned time frame. Resistance is at 0.7100, and support - at 0.7050.
MACD has decreased, which indicates a weakening of customer positions. The RSI indicator went down.
NZD / USD forecast for 17/01/2017
The pair NZD / USD might reach the level of 0.7050, if the downward pressure will continue. Price reduction can develop, heading to a mark 0.7000. The weakening of the downward momentum may return to the market of buyers and send the price to 0.7150 area. Price reduction can develop, heading to a mark 0.7000. The weakening of the downward momentum may return to the market of buyers and send the price to 0.7150 area. Price reduction can develop, heading to a mark 0.7000. The weakening of the downward momentum may return to the market of buyers and send the price to 0.7150 area.
Forex Technical Analysis for Gold (XAU / USD) as of today 17.01.2017
The demand for gold has increased with the opening of trading on Monday, while prices reached a peak in the 2-month period. The focus of the important events of the week of the market, in particular the statement by the Prime Minister of Britain, Theresa May, and the adoption of powers of the new US president.
Gold XAU / USD current situation January 17
Monday, gold will continue its vertical ascent. The strength of the buyers become stronger and they moved the price higher, breaking through the level of $ 1,200 per ounce. Bulls almost managed to reach the mark in 1210. But just a few points to his pair XAU / USD weakened and fell back to around 1200 during the European session. On the four-hour chart the price is above the moving average. 100-EMA-EMA 200 crossed upwards. EMA 50 and EMA 100 facing up, while EMA-200 was neutral. Resistance is located at 1210 and support at $ 1,200 per ounce.
MACD remained at the same level, which confirms the strength of the sellers. RSI is in the overbought zone.
Gold (XAU / USD) forecast for 17.01.2017
Closing below the level of 1200 will give an impetus to the further weakening of the pair. After that, we expect further reduction of quotations to the level of 1190 dollars per ounce. 2017 Closing below the level of 1200 will give an impetus to the further weakening of the pair. After that, we expect further reduction of quotations to the level of 1190 dollars per ounce. 2017 Closing below the level of 1200 will give an impetus to the further weakening of the pair. After that, we expect further reduction of quotations to the level of 1190 dollars per ounce.
Technical analysis and forecast of oil prices (OIL Brent) today 17/01/2017
Volatility in the crude oil market was low on Monday. Nevertheless, there remains a positive attitude with regard to oil amid a weakening US currency. Support is provided by the remaining hopes of traders to reduce production by OPEC and other oil producers in accordance with the concluded contract.
Oil (OIL Brent) the current situation of 17 January
On Monday, Brent crude for trading prevailed moderately bearish. After a brief consolidation during the Asian session, the bears took the lead and tried to reduce the price to the level of 55.50 dollars a barrel during the European session. On the 4-hour chart, the price has broken through the 50 EMA and the 100 EMA while trading in Europe. 50 EMA crossed down the 100 EMA. 200-EMA-EMA and 100 are directed upward, whereas the 50-EMA was flat. Resistance is at around 56.50, and at 55.50 dollars per barrel support.
MACD is at the zero level. If the histogram returns into negative territory, it will point to the strengthening position of sellers. If the MACD enters into positive territory, buyers will get control of the market. RSI was located in the neutral zone.
Oil (OIL Brent) forecast for 17.01.2017
On Monday, the bearish sentiment prevailed. Sellers can develop bearish direction, if the price consolidates below the level of 55.50 dollars per barrel. After trading closed below this level, quotes, Brent crude oil could fall to 53.50 area over the next few days. This points to the strengthening position of sellers. If the MACD enters into positive territory, buyers will get control of the market. RSI was located in the neutral zone. Oil (OIL Brent) forecast for 17.01.2017 On Monday, the bearish sentiment prevailed. Sellers can develop bearish direction, if the price consolidates below the level of 55.50 dollars per barrel. After trading closed below this level, quotes, Brent crude oil could fall to 53.50 area over the next few days. This points to the strengthening position of sellers. If the MACD enters into positive territory, buyers will get control of the market. RSI was located in the neutral zone. Oil (OIL Brent) forecast for 17.01.2017 On Monday, the bearish sentiment prevailed. Sellers can develop bearish direction, if the price consolidates below the level of 55.50 dollars per barrel. After trading closed below this level, quotes, Brent crude oil could fall to 53.50 area over the next few days. if the price consolidates below the level of 55.50 dollars per barrel. After trading closed below this level, quotes, Brent crude oil could fall to 53.50 area over the next few days. if the price consolidates below the level of 55.50 dollars per barrel. After trading closed below this level, quotes, Brent crude oil could fall to 53.50 area over the next few days.
DAX forecast and analyst for investors today 01.17.2017
In Europe, stock markets showed a decline in trading on Monday, as the pressure exerted shares of the banking and automotive sectors.
DAX current situation on January 17
at the opening of trading on Monday DAX index formed a gap down. The index rebounded from the level of around 11606 to 11562, and then was traded mixed. Benchmark remained in the usual range, showing a decrease. The price has broken the 200 EMA on the hourly chart during the European session. EMA-200 went up, while EMA 50 and EMA 100 were in the flat in said time frame. Resistance is located at 11600, and support - at 11500.
the MACD indicator was at zero. If the histogram will be back in positive territory, This points to the strengthening of the positions of buyers. If the MACD will go into negative territory, sellers will get control of the market. RSI remained in the neutral zone.
Forecast DAX on 17.01.2017
It is expected that after the breakdown of the level of 11500, the price will go down. The next likely targets are the bears will be the mark of 11,400.
S & P500 index technical analysis and forecast for today, 1/17/2017
S & P500 index fell in trading Monday. Sellers lowered the price of the field in 2273 to around 2264 during the first half of the day. Price tested the 50-EMA on the 4-hour chart. EMA 50 and EMA 200 directed upwards, while EMA was 200 in the flat in the same time frame. Resistance is at 2280 and support at 2260.
the MACD indicator was at zero. If the histogram will be back in positive territory, it will point to the strengthening of the positions of buyers. If the MACD will go into negative territory, sellers will get control of the market. RSI came out of the oversold zone and went into neutral.
Trading recommendations S & P500 index 17/01/2017
A downtrend will start as soon as the price drops below support level 2260.
* Analytical review of the broker of Fort the Financial Services , analyst Alexander Kofman
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