Technical analyst and forex forecast for today 20.03.2017: 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 03/20/2017

On Friday it became known that the Italian trade balance returned to a deficit in the first month of the current year. Meanwhile, the pressure on the US dollar is maintained after the last meeting of the Federal Reserve.

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Euro Dollar current situation

The euro soared in the late American session on Thursday. Customers have raised the price of the night and broke through the level of 1.0750. Later, the bulls were able to send a pair to 1.0770 area. At night and in the morning trades were held in a narrow range, fixed above a mark 1.0750. Happy pair were neutral mood., Although it was for dinner traders began to close their long positions, which led to a sharp decrease in the asset. 4-hour chart showed that the price continued to trade significantly above the moving averages. 50-EMA-EMA 200 crossed in an upward direction. 50 EMA and 100 EMA continued to grow, while 200 EMA has been neutral in the mentioned time frame. Resistance is at around 1.0800, and support - at 1.0750.

The MACD histogram is increased, which is a signal to buy. RSI consolidated in the positive zone.

The forecast euro dollar (EUR / USD) and recommendations on 20/03/2017

Overall sentiment remains bullish and we can expect growth to resistance level 1.0800. However, the rollback is not excluded in the 1.0720-1.0700 area.

Forex Technical Analysis The pound dollar GBP / USD on 20.03.2017

On the last day of the trading week the pair GBP / USD showed growth. Volatility pair determined not only by investors against the dollar, but also the expectations of an immediate withdrawal of the state from the EU structure and risks of repetition of the referendum in Scotland.

Pound Dollar current situation

Sentiment was dominated by growth in trading Friday. Buyers took a break during the night session. Night correction took place against the background of the profit fixation customers who retreated somewhat. In the morning the bulls are back and sent the currency pair to the 1.2400 level, which stopped their movement. Price crossed the 100 EMA-up, but remained below the 200 EMA on the 4-hour chart. 100 EMA and the 200 EMA preserved bearish bias, while the 50-EMA turned up on the above chart. Resistance is at around 1.2400, and support - at 1.2300.

The MACD histogram is increased, which is a signal to buy. RSI consolidated in the positive zone.

Forecast Pound Dollar (GBP / USD) and recommendations on 20/03/2017

If the currency pair GBP / USD can break through the 1.2400 level, next to Target growth rates will be 1.2500 resistance. However, in conditions of overbought rising above 1.2400 mark is unlikely. In this case, a potential scenario would be the return of the pair GBP / USD to the 1.2300 mark.

Forex. Forecast of the dollar, the yen and the technical analysis of the USD / JPY on 03/20/2017
 

The US dollar tried to develop a recovery in night trading. Buyers have tried to raise the price, but the attempt was unsuccessful. The pair remained in a consolidation phase, a foothold above $ 113.00. Interest in sales came in the morning. Traders sent the price down and leveled to achieve buyers, marked at night trades. Currency Tool tested the 200 EMA on the 4-hour chart. 100-EMA-EMA and 200 were neutral, while EMA-50 was directed downward on the same graph. Resistance is at the level of 114.00, and support - to 113.00.

MACD remained unchanged, confirming the strengthening of the positions of sellers. The RSI remains in the oversold zone.

Forecast USD / JPY and recommendations 20/03/2017

USD / JPY The pair may come under pressure in the short term. After the breakdown of the level of 113.00 the market's attention will be focused on support 112.00.

AUD / USD forex forecast for today 20/03/2017

Currency pair aud / usd is growing against the background of the weakening US dollar. Meanwhile, investors await the minutes of the meeting the RBA's monetary policy, its publication will take place on Tuesday.

AUD / USD Current Situation
 

Sentiment on the sale of the US dollar helped the Australian currency to strengthen. Buyers obstacles encountered in the area of ​​0.7700, and were forced to retreat. The pair rebounded and stopped in the area 0.7660. A new wave of buying interest emerged during the Asian session on Friday. Buyers returned a pair AUD / USD to around 0.7700, offset by recent losses. In accordance with the 4-hour chart, the price continued to trade significantly above the moving averages. EMA 50 and EMA 200 are directed upward, whereas the 100-EMA was neutral at the same time-frame. Resistance is at around 0.7700, and support - at 0.7650.

MACD remained at the same level, which confirms the strengthening of customer positions. The RSI indicator was located near the overbought zone, intending to drop.

Forecast AUD / USD and recommendations on 03/20/2017

After the breakdown level of 0.7700 up, the next upside target would be the 0.7750 mark. Failure to develop an upward movement will lead to profit-taking and in this case the AUD could roll back to 0.7600-0.7260 area.

Gold technical analysis and forex forecast XAU / USD on 03.20.2017

Since the beginning of this year, gold futures increased by about 7%, as traders sought protection in the period of geopolitical risks, such as the inauguration of the US chapter of Donald Trump, the election in the eurozone and the UK initiation exit from the European Union.

Gold is the current situation

On Friday, gold prices remained flat. After the recent rally buyers prefer to consolidate their achievements. 4-hour chart showed that the price was trading at around 100-EMA and the 200 EMA. 100-EMA-EMA 200 crossed in the downward direction. EMA 50 and EMA 100 were neutral, while the 200-EMA continued growth on the same graph. Resistance is at around 1230, and support - to 1220 dollars per ounce.

The MACD histogram has increased, which indicates the strengthening of customer positions. RSI consolidated in the positive zone.

Forecast Gold and recommendations on 20/03/2017

The market retained the growth of quotations of gold waiting to 1230 dollars per ounce.

forecast for Brent oil prices today Technical analyst and forex 20/03/2017

On Friday, oil prices remained virtually unchanged before the publication of the American report by Baker Hughes, the number of active lighting rigs.

Oil Current Situation

After the sharp decline noted in Thursday trading on Friday, Brent crude oil quotes have tried to restore. Price spent the night trading around $ 51.50 per barrel and on the morning of the European session has moved away from this level. Buyers continued to raise the benchmark up and by noon reached the level of 52.00. The price has continued to trade well below the moving averages that were sent down to the 4-hour chart. Resistance is at around 52.50, and at 51.50 dollars per barrel support.

MACD remained at the same level, which indicates the position gain sellers. RSI Oscillator went down.

Oil recommendations and forecast for 20/03/2017

Height above the level of 52.50 dollars per barrel indicates that the pressure eased. If quotes Brent crude oil was fixed above the level of 52.50, the rally may develop up to 53.50 area.

Investors technical analyst and DAX forecast for today 03/20/2017

At the end of the week European stocks fell as automakers, export-oriented, have failed. Additional pressure exerted desheveyuschie paper mining sector.

DAX current situation

The opening of trading on the index DAX passed with a gap, then the index of sentiment remained for sale. The price almost reached the mark of 12,000 turned when the benchmark. Later, in the European session, the index has risen in the area 12100. The price is above the moving average on the 4-hour chart. 100-EMA-EMA 200 and continued growth, while EMA-50 was neutral in said time frame. Resistance is at around 12,100, and support - to 12,000.

MACD has decreased, which indicates a weakening of customer positions. RSI rebounded from overbought area.

Forecast DAX and recommendations on 03/20/2017

According to the index indicated potential for further growth. The objectives of the upward movement of the levels of 12100 and 12200 serve.

NASDAQ Index forecast for investors on 20.03.2017

In Friday trading on the NASDAQ index opened with a positive mood. Buyers were able to raise the price level from 5420 to around 5440, where upward momentum. Benchmark somewhat weakened and returned to 5420 before the opening of the US session. In accordance with the 4-hour chart, the price continued to trade above the moving averages, which were sent up. Resistance is at around 5460, and support - on 5420.

The MACD histogram is increased, which is a signal to buy. RSI Oscillator went down.

trading recommendations

Bulls focus on the 5460 resistance level.

Analytical review of the submitted lead analyst broker Fort Financial Services Alexander Kofman.