Technical analyst and forex forecast for today 17.02.2017: EUR / USD, GBP / USD, USD / JPY, GOLD, DAX, Brent
Technical analysis and forex forecast for the euro dollar (EUR / USD) as of today 17/02/2017
On Thursday it became known that employment in Germany grew weaker pace during the period of the fourth quarter of last year. At the same time in France, the unemployment rate fell, but fell short of forecasts. However, the European currency gained some ground against the backdrop of flagging dollar, as investors decided to take profits after active buying.
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Euro Dollar Current Situation
On Wednesday the pair made a leap up, bumping into new orders to buy at the level of 1.0500 area. The pair gained upward momentum and jumped up. On Thursday, the single European currency continued its growth. Buyers break the resistance of 1.0600 during the Asian session and pushed the price above. The EUR / USD continued to grow throughout the morning and came close to the mark of 1.0650 after the opening of the European session. Level stop the advance of buyers, forcing them to back off a little. On the 4-hour chart, the price has tested the 200 EMA in late European trading. 50 EMA crossed down the 100 EMA. EMA 50 and EMA 100 facing down, while the 200-EMA remained neutral. Resistance is at 1.0650, and support - at 1.0600.
The MACD histogram has grown, says that the weakening of the sellers. RSI is in the neutral zone and facing up.
Forecast EUR / USD on 02.17.2017
Closing of trading in the euro above 1.0650 level will generate a bullish signal for the further growth of prices, which can last up to a mark 1.0700. If the bears are able to overcome the support of 1.0650 and consolidating below, the euro may fall below 1.0600 and below.
Forex. Technical analysis and forecast of the pair gbp usd GBP / USD today 02.17.2017
On Thursday the British currency recovered lost ground, returning to a session record highs, but investors were disappointed by weak inflation rates and negative trends on the labor market. Meanwhile, today, investors will learn how to change the volume of sales in the UK.
Pound Dollar current situation
Wednesday sellers stopped, stumbled on resistance at 1.2400. The price rebounded from the support immediately after the test it. During the Asian session the pound continued to grow slowly and accelerated growth with the opening of European markets. After the opening of the London Stock Exchange, the pair GBP / USD tested the 1.2500 level, but then it could not pass. Asset levels remained in the area until the US session. On the 4-hour chart, the price rebounded from the 200 EMA, has broken through the 100 EMA-up and tested the 50-EMA. Moving averages remain bullish, neutral during the day. Resistance is at 1.2500, and support - at 1.2400.
MACD indicator has been at the center line. If the histogram will enter the positive zone, it will mean that consumers are gaining momentum. If the MACD back into negative territory, so sellers will take control of the market .. RSI came out of the oversold area and heading up.
Forecast GBP / USD on 17.02.2017
In order to confirm its power customers need at least a break above 1.2500 level. In this case, the bulls may propel the price to the level of 1.2600. Otherwise the quotes will return to the downward trend. On the 4-hour chart, the price rebounded from the 200 EMA, has broken through the 100 EMA-up and tested the 50-EMA. Moving averages remain bullish, neutral during the day. Resistance is at 1.2500, and support - at 1.2400. MACD indicator has been at the center line. If the histogram will enter the positive zone, it will mean that consumers are gaining momentum. If the MACD back into negative territory, so sellers will take control of the market .. RSI came out of the oversold area and heading up.
Technical analysis and forex forecast rate USD / JPY today 17/02/2017
According to statements by Taro Aso, Minister of Finance of Japan, the current exchange rate of the Japanese currency is not low. At the same time the American currency fell on profit taking by market participants.
Dollar Yen current situation
on Wednesday USD / JPY pair returned to sales. The pair came under pressure and fell sharply. Traders struck level 114.00 after opening the day of trading and the price dropped below during the night session. European traders continued to reduce the price in the middle of the European session reached the level of 113.50 in early US trade. On the 4-hour chart, the price has broken through the 200 EMA down. The pair remained between 50 and 100-EMA-EMA during the day. 50-EMA facing up, and the 100 EMA and the 200 EMA are pointing downwards. Resistance is at 114.00, and support - to 113.00.
The MACD histogram has decreased, says that the weakening of buyers. RSI came out of the oversold zone and entered the neutral zone.
Forecast USD / JPY on 02/17/2017
Now all eyes are on the level of 113.50. If the price consolidates under it, the pair USD / JPY may continue to decrease to the level of 113.00. The inability of sellers to lower the price even lower returns on the market of buyers.
Forex analyst and forecast AUD / USD on 17.02.2017
In the morning session on Thursday, the Australian currency is faintly positive reaction to the overall report on the labor market in Australia. As it became known, the employment figures were neutral, because the unemployment rate decreased by increasing the number of part-time, while the reduction in the number of people working full-time.
AUD / USD Current Situation
On Thursday the pair AUD / USD was moving along an upward trajectory. On Wednesday, the Aussie soared and updated its multi-month high near 0.7732. Investors have not found the strength to lift the Australian dollar higher and Thursday during Asian trading retreated. The pair fell, closing some profitable trades and tested the level of 0.7700 during European morning trade. The price was at the level of the area throughout the day. On the 4-hour chart, the AUD bounced off the 50 EMA-up and remained above the moving average all day. 50 EMA 100 EMA and the 200 EMA maintained a bullish trend. Resistance is at 0.7750, and support - at 0.7700.
The MACD histogram has been in the positive zone. RSI is in the overbought zone.
AUD / USD Forecast 02/17/2017
The graph prevailing bullish sentiment. AUDUSD pair may continue to grow to the level of 0.7750 and then 0.7800. RSI is in the overbought zone. AUD / USD Forecast 02/17/2017 The graph prevailing bullish sentiment. AUDUSD pair may continue to grow to the level of 0.7750 and then 0.7800. RSI is in the overbought zone. AUD / USD Forecast 02/17/2017 The graph prevailing bullish sentiment. AUDUSD pair may continue to grow to the level of 0.7750 and then 0.7800.
Gold technical analysis and forex forecast XAU / USD on 02.17.2017
Yesterday, gold futures rose, touching a week high, which was due to US dollar weakness. However, the purchase of precious metals have been limited, as the market is optimistic about the US president's plans for the implementation of the tax reform. In addition, the rise in gold prices held "hawkish" statements Janet Yellen relatively imminent tightening of monetary policy.
Buyers regained control of the market. Price changed direction after the sellers have not been able to break the mark of $ 1220 per ounce. The price rebounded from the level up and soared to the level of 1230 on Wednesday, then down during the Asian session. A new day has strengthened the position of buyers and a continued price growth. In the middle of the European session, the precious metal reached the mark in 1240 dollars per ounce, which contain the onslaught of buyers. On the 4-hour chart, the price rebounded from the 100 EMA and the 50 EMA has broken up. During the day, the precious metal was located above the moving averages. All the moving averages are pointing up. Resistance is at around 1240, and support - to 1230 dollars per ounce.
MACD is on the center line. If the histogram will go down in the negative zone, the power will increase merchants. If it comes back into positive territory, buyers will take control of the market. RSI was overbought, close to neutral.
XAU / USD gold forecast for 02/17/2017
On the 4-hour chart, the bullish trend prevails. Prices rise above the nearest resistance in 1240 increases the chances of testing the level of 1250 dollars per ounce. On the 4-hour chart, the price rebounded from the 100 EMA and the 50 EMA has broken up. During the day, the precious metal was located above the moving averages. All the moving averages are pointing up. Resistance is at around 1240, and support - to 1230 dollars per ounce. MACD is on the center line. If the histogram will go down in the negative zone, the power will increase merchants. If it comes back into positive territory, buyers will take control of the market. RSI was overbought, close to neutral.
Technical analyst and forex forecast for Brent oil prices today 17/02/2017
For any major changes in oil lacks drive. We can say that the price is almost unchanged on Thursday, remained in a narrow range around $ 55.50 per barrel. When opened the European markets, the upward momentum that began in the Asian session, came down to "no." Sellers have launched price and pushed her down to the opening price. But soon the asset growth resumed. On the 4-hour chart, the price has broken through the moving averages. EMA 50, EMA-100 200 and EMA were neutral. Resistance is at 56.50, and support - at around US $ 55.50 per barrel.
MACD indicator has been at the center line. If the histogram will go into the negative zone, it will mean that sellers are gaining momentum. If the MACD will return to positive territory, it means consumers will take control of the market. RSI is in the neutral zone and facing up.
Oil Forecast 02.17.2017
preferable to stick to the course for sale. The movement of prices below 55.50 will confirm that the upward movement resumed. A further object of the sellers will be 50.00 dollars per barrel.
DAX forecast and analyst for investors today 02.17.2017
In Western Europe, on the stock market were trading with a decrease against the background of mixed corporate reporting, while the growth for seven trading sessions has been previously recorded, which was the longest period during the last 19 months.
DAX current situation
yesterday the bulls have lost the initiative and gave way to sellers who have become stronger during trading on Thursday. The price rebounded from the 11800 level during the morning session and fell. Sellers pushed the index to the level of 11,750 in the middle of the European session, where he remained until the opening of trading in the US. On the 4-hour chart, the price is above the moving average. 50 EMA crossed down the 100 EMA. All the moving averages are pointing upwards. Resistance is at 11800,
and support - at around 11700. the MACD indicator remains bullish direction and was in positive territory. RSI was sent down, but remained in the overbought zone.
DAX forecast to investors on 17/2/2017
expected short downtrend. If it continues, is likely to happen to the breakdown level 11700. again be under the influence of the bulls, DAX should return to around 11,800.
NASDAQ Investor Technical analysis and forecast for today 02/17/2017
Breaking through the level of 5300, bulls strengthened their positions. On Thursday, traders took a breather after the recent rally. During the day, the index was in a narrow range above the level of 5300. On the 4-hour chart NASDAQ located above the moving averages. All moving averages remained bullish trend. Resistance is at 5340 and support - at the level of 5300.
the MACD histogram has increased, which is a signal to buy. RSI is in the overbought zone.
02.17.2017 NASDAQ forecast
expected bearish corrective movement, which begins as soon as the price falls below the support level of 5300. The next target will be the sellers 5260. If the index to rise, and rise above the level of 5300, the upward rally resumes and runs to the level of 5340.
Analytical review of the submitted lead analyst broker Fort Financial Services, Alexander Kofman.