Technical analyst and forex forecast for today 20.01.2017: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent

On the currency market yesterday, the euro once again in demand as investors sold the dollar. The European regulator has decided to keep interest rates at the same ground level, with regard to interest rates on deposit accounts, they also remained unchanged at -0.40%, confirming forecasts. Today, market attention shifted to the key event of the week - the inauguration of Donald Trump.

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Euro Dollar current situation January 20

Downward movement was extinguished immediately below the level of 1.0650, where traders met strong obstruction from which price rebounded upwards. The euro regained most of their losses in trading Thursday. Price broke through the 1.0650 level before the start of the European session and went to the area of 1.0700. However, the upward momentum soon subsided and the restoration of suspended above the level of 1.0650. The EUR / USD showed a neutral mood with a tendency to increase during the European session. New interest in the Sales sent the pair down. Price Breaks Through 1.0650 and tested the level of 1.0600 at the opening of the US session. On the 4-hour chart, the price has remained considerably above the moving averages. 100-EMA-EMA 200 crossed upwards. EMA 50 and EMA 100 directed upwards, while 200 EMA remained in the flat on the same chart. Resistance is located at 1.0700, and 1.0650 support. 

MACD has decreased, which indicates a weakening of customer positions. RSI was located in the neutral zone. 

The outlook on the EUR / USD 20.01.2017

Sentiment on the euro is now changed to bearish. Break down the level 1.0650 will increase the negative signal and open the way for a reduction of the EUR / USD to 1.0600 and further to 1.0550 level.

Technical analysis and forex forecast pair Pound Dollar (GBP / USD) as of today 20/01/2017

In his speech, British Prime Minister Theresa May agreed that they have chosen a difficult way, while noted that he sees a better future of the country outside the European Union. Previously added negative house price balance in the UK, which fell in December, although experts predicted growth. Today is scheduled report showing retail sales in December, which is projected increased in comparison with last year, but declined on a monthly basis. 

Pound Dollar current situation January 20,

Thursday, the pound continued to strengthen and the GBP / USD pair rose to the recent highs near 1.2400. "Cable" has managed to recover some of its losses against the background of a weakening dollar. Finding local support at 1.2250, the price changed direction and rose sharply, breaking through the 1.2300 level during the European session. Once this level has been passed, the pair continued upward movement, heading to 1.2400. In the American session buying interest dried up. The price came under pressure and spun down. The price has continued to trade between the 200 EMA and the 100 EMA on the 4-hour chart. 50 EMA and 100 EMA are neutral, while 200 EMA has maintained a downward bias on the same chart. Resistance is at around 1.2400, and support - 1.2300. 

MACD rose, which is a signal to buy. RSI came out of the neutral zone and entered the overbought zone. 

Forecast GBP / USD pair on 01/20/2017

Pound remain downside risks. The level of 1.2400 with the 200 EMA to limit further growth of the sterling. An downtrend will start as soon as the price falls below the support level of 1.2300. A further reduction to the level of 1.2200 is not excluded.

Technical analysis and forecast of the dollar, the yen (USD / JPY) 01.20.2017 Today


, Janet Yellen, in his speech supported the dollar, strong reports from the US have also become a driver of growth of the national currency, while the yen has ceded its position. The focus of attention is directed to the inauguration of the new US President, Janet Yellen next performance, and other members of the FOMC. 

Dollar Yen current situation on January 20

Couple remained in the short-term downtrend channel, near its upper limit at auction Thursday. Buyers have lost strength after testing the level of 115.00. The US dollar was in a phase of consolidation during the Asian and European sessions. Traders tried to overcome this level, to develop growth. However, this level was a strong obstacle. The dollar got under selling pressure at each attempt to overcome this level. A new wave of interest in buying the US dollar supported. Couple with new forces tested a mark 115.00 during the American session. On the 4-hour chart, the price has tested the 50 EMA. 100-EMA-EMA 200 crossed in the downward direction. 50 EMA and 100 EMA preserved bearish bias, while 200 EMA remained neutral on the same chart. Resistance is located at 115.00, and 114.00 support. 

MACD rose, indicating a weakening of the position of sellers. RSI is in the overbought zone, near the neutral. 

The forecast pair USD / JPY 20.01.2017

It is expected that the breakdown level of 115.00 will suspend the implementation of plans for the bears. Target potential customers it serves mark 116.00. A new wave of interest in buying the US dollar supported. Couple with new forces tested a mark 115.00 during the American session. On the 4-hour chart, the price has tested the 50 EMA. 100-EMA-EMA 200 crossed in the downward direction. 50 EMA and 100 EMA preserved bearish bias, while 200 EMA remained neutral on the same chart. Resistance is located at 115.00, and 114.00 support. MACD rose, indicating a weakening of the position of sellers. RSI is in the overbought zone, near the neutral. The forecast pair USD / JPY 20.01.2017 It is expected that the breakdown level of 115.00 will suspend the implementation of plans for the bears. Target potential customers it serves mark 116.00. A new wave of interest in buying the US dollar supported. Couple with new forces tested a mark 115.00 during the American session. On the 4-hour chart, the price has tested the 50 EMA. 100-EMA-EMA 200 crossed in the downward direction. 50 EMA and 100 EMA preserved bearish bias, while 200 EMA remained neutral on the same chart. Resistance is located at 115.00, and 114.00 support. MACD rose, indicating a weakening of the position of sellers. RSI is in the overbought zone, near the neutral. The forecast pair USD / JPY 20.01.2017 It is expected that the breakdown level of 115.00 will suspend the implementation of plans for the bears. Target potential customers it serves mark 116.00. On the 4-hour chart, the price has tested the 50 EMA. 100-EMA-EMA 200 crossed in the downward direction. 50 EMA and 100 EMA preserved bearish bias, while 200 EMA remained neutral on the same chart. Resistance is located at 115.00, and 114.00 support. MACD rose, indicating a weakening of the position of sellers. RSI is in the overbought zone, near the neutral. The forecast pair USD / JPY 20.01.2017 It is expected that the breakdown level of 115.00 will suspend the implementation of plans for the bears. Target potential customers it serves mark 116.00. On the 4-hour chart, the price has tested the 50 EMA. 100-EMA-EMA 200 crossed in the downward direction. 50 EMA and 100 EMA preserved bearish bias, while 200 EMA remained neutral on the same chart. Resistance is located at 115.00, and 114.00 support. MACD rose, indicating a weakening of the position of sellers. RSI is in the overbought zone, near the neutral. The forecast pair USD / JPY 20.01.2017 It is expected that the breakdown level of 115.00 will suspend the implementation of plans for the bears. Target potential customers it serves mark 116.00. MACD rose, indicating a weakening of the position of sellers. RSI is in the overbought zone, near the neutral. The forecast pair USD / JPY 20.01.2017 It is expected that the breakdown level of 115.00 will suspend the implementation of plans for the bears. Target potential customers it serves mark 116.00. MACD rose, indicating a weakening of the position of sellers. RSI is in the overbought zone, near the neutral. The forecast pair USD / JPY 20.01.2017 It is expected that the breakdown level of 115.00 will suspend the implementation of plans for the bears. Target potential customers it serves mark 116.00.

The pair NZD / USD Forex Technical Analysis on 20/01/2017


The New Zealand dollar rose against the US currency, supported by the growing demand for oil. Meanwhile, fundamental data from New Zealand showed a growth index of business activity in the manufacturing sector in December, while the number of building permits in November significantly reduced. 

NZD / USD current situation January 20

Restoration marked the Asian session, was suspended after testing 0.7200 level. This mark was a strong obstacle, which is not so easy to overcome. After testing the level of the New Zealand dollar pulled back during Asian trading and remained below this resistance in the European session. On Thursday, the 4-hour chart, the price is fixed above the moving averages. 50 EMA and 100 EMA preserved upward slope, while 200 EMA has been neutral in the mentioned time frame. Resistance is at 0.7200, and 0.7150 support. 

MACD has decreased, which indicates a weakening of customer positions. RSI came out of the neutral zone and headed north. 

Forecast NZD / USD 20.01.2017

inability to break the level 0.7200 could reverse the market. Confident Breaks Through 0.7150 down will allow to develop the downward movement in the area of 0.7100 in the coming days. 2017 failure to break through the level 0.7200 could reverse the market. Confident Breaks Through 0.7150 down will allow to develop the downward movement in the area of 0.7100 in the coming days. 2017 failure to break through the level 0.7200 could reverse the market. Confident Breaks Through 0.7150 down will allow to develop the downward movement in the area of 0.7100 in the coming days.

Technical Forex Analysis for Gold (XAU / USD) as of today 20/01/2017

Gold last traded in the lows, as investors once again preferred to the US dollar. The pressure on the metal had statistics from America, as well as the announcement of the results of the meeting of the ECB's monetary policy. 


Gold XAU / USD current situation January 20


On Thursday, gold prices remained under pressure against the background of a strong dollar. The pair rebounded from the psychological level of 1200 and remained close to him throughout the day. Price continued trading significantly above the moving average on the 4-hour chart. 50 EMA and 100 EMA preserved upward slope, while 200 EMA has been in the flat on the same chart. Resistance is located at 1210 and support at $ 1,200 per ounce. 

MACD has decreased, which indicates a weakening of customer positions. RSI remained in the neutral zone. 

Forecast XAU / USD 20 gold. 

01.2017 on gold remains bearish mood. If the price falls below the level of 1200, it is recommended to open short positions. Confident break-down this mark will allow to target the level of 1190 dollars per ounce.

Technical analyte and forex forecast for Brent oil prices today 01/20/2017


Crude oil futures have grown somewhat on Thursday after US crude Institute pointed to a greater decrease in reserves than originally anticipated. Now the players' attention has shifted to information from Baker Hughes regarding the number of operating units. 

Oil Current Situation January 20

The price of oil remained in the "red" zone after gain bearish sentiment on Wednesday. Brent crude oil has changed slightly during trading on Thursday and kept the tendency to decrease further. Benchmark remained neutral in the vicinity of 54.50 dollars per barrel, trying during the European session to overcome this mark. Oil prices remained below the moving average on the 4-hour chart. 50 EMA crossed down the 200 EMA. 100 EMA has been in the flat, while the 50-EMA went down, and 200 EMA has maintained a bullish bias on the same chart. Resistance is at around 54.50, and at 53.50 dollars per barrel support. 

MACD entered the negative zone. If the MACD will remain in the negative zone, the position of sellers increase. The RSI indicator was located in the oversold zone. 

Oil Forecast 01.20.2017

Medium technical indicators point to the predominance of bearish sentiment. A daily close below $ 53.50 per barrel would open the way for a medium-term downward movement, the purpose of which is the psychological level of 50.00. MACD entered the negative zone. If the MACD will remain in the negative zone, the position of sellers increase. The RSI indicator was located in the oversold zone. Oil Forecast 01.20.2017 Medium technical indicators point to the predominance of bearish sentiment. A daily close below $ 53.50 per barrel would open the way for a medium-term downward movement, the purpose of which is the psychological level of 50.00. MACD entered the negative zone. If the MACD will remain in the negative zone, the position of sellers increase. The RSI indicator was located in the oversold zone. Oil Forecast 01.20.2017 Medium technical indicators point to the predominance of bearish sentiment. A daily close below $ 53.50 per barrel would open the way for a medium-term downward movement, the purpose of which is the psychological level of 50.00.

DAX forecast and analyst for investors today 20/01/2017


European stock markets traded positive on Thursday, supported by the decision of the regulator to maintain rates unchanged. Meanwhile, the mining sector showed mixed trends, but the financial sector has shown a slight increase. Investors Yellen comments were analyzed, which tended to need to continue raising interest rates in the current year. 


DAX current situation

at the opening of trading the index formed a gap up. However, the upward movement stopped immediately after the rebound. Price weakened by closing the gap during the European session. Sellers struck level of 11,600 and during the day trying to reduce the price. According to the 4-hour chart, the index broke the 50 EMA upwards. Then, the benchmark continued trading significantly above the moving averages. Moving averages have retained a bullish bias on said time frame. 

Resistance is at around 11600 and support at 11500. the MACD was located on the ground level. If the histogram will return to positive territory, it will be a confirmation of the growth of buyer power. If she will go down in the negative zone, the market will control the sellers. RSI remained in the neutral zone near the overbought area. 

Forecast DAX 20.01.2017

In order to recover some of its strong position, DAX30 index need to rise above the level of 11600. However, the most likely scenario for the development of trading is considered to be a further decline to the level of 11,500. If the histogram will return to positive territory, it will be a confirmation of the growth of buyer power. If she will go down in the negative zone, the market will control the sellers. RSI remained in the neutral zone near the overbought area. Forecast DAX 20.01.2017 In order to recover some of its strong position, DAX30 index need to rise above the level of 11600. However, the most likely scenario for the development of trading is considered to be a further decline to the level of 11,500. If the histogram will return to positive territory, it will be a confirmation of the growth of buyer power. If she will go down in the negative zone, the market will control the sellers. RSI remained in the neutral zone near the overbought area. Forecast DAX 20.01.2017 In order to recover some of its strong position, DAX30 index need to rise above the level of 11600. However, the most likely scenario for the development of trading is considered to be a further decline to the level of 11,500.

Technical analysis and forecast NASDAQ investors today 01/20/2017


The US stock market started trading in the positive direction on Thursday, building on the strong fundamental data from the US. The market study reports on the profitability of major companies, including IBM and American Express. Note that investors are still holding back their activity before the inauguration of the new US president. 

NASDAQ current situation

On Thursday, the index traded in a narrow range. During the day, the price was sandwiched between the levels of 5060 and 5040. At the beginning of the day quotations reached their maximum value range, and during the European trade, down to its lower limit. On the hourly chart the price is above the moving average. 50 EMA crossed down the 100 EMA. 50 EMA was neutral, whereas the 100 and 200-EMA-EMA facing upwards. 

Resistance is at around 2280 and support at 2260. The forecast NASDAQ 20.01.2017

It seems that the market creates a rather balanced situation. Index feels quite comfortable in the current range. Break to either side will signal the beginning of a new movement. Meanwhile, we prefer to refrain from trading until the situation to be clarified.

* Analytical review of the broker of Fort the Financial Services  , analyst Alexander Kofman