Technical analyst and forex forecast for today 23.11.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent

The course of the currency pair EUR / USD made a pullback from the highs as the US currency continues to grow on the confidence to changes in monetary policy the Central Bank of the United States, as well as on expectations of inflation growth in the power control period, Donald Trump.

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The current situation in the euro

Correctional phase retains its relevance today. The price was trading below $ 1.0650 the day. Buyers are not able to overcome this level, the euro bounced down at each level of testing. The single European currency has come under another wave of selling before the opening of the US session Tuesday. Sellers have sent the price to 1.0600 and this level is already tested during the American session. In hourly chart, the euro broke through the 50 EMA and the 100 EMA are tested. 100 EMA stopped the euro's recovery and repulsed him in descending n The direction. The price went down and returned below the 50 EMA. All the moving averages are moving downward.Resistance is at 1.0650, support - at 1.0600. 

The MACD has decreased, which indicates the position gain sellers. RSI remains in the oversold zone. 


Forecast EUR / USD on 23.11.2016

The inability of the euro to break through 1.0650 level increases the chances of a downward movement. In case of unsuccessful attempts to overcome etoturoven send price to 1.0500 area.

Technical analysis and forecast of the pair GBP / USD today 11/23/2016

Strengthening greenbacks pressure on sterling quotes. Pair GBP / USD remains in the lows, despite the positive report on industrial orders in the UK.
 

The current situation on the pound

pressure on the pair GBP / USD resumed. Pound successfully tested the 1.2500 mark, but could not overcome it.Price changed direction and fell sharply before the opening of the European session. Sellers have sent the price down and tested the level of 1.2400 during the American session. Pound tested the 200 EMA on the 4-hour chart. The pair failed to consolidate above the moving average, and then strayed from them. GBP / USD pair fell and touched the 50 EMA and the 100 EMA before the opening of US trading. Resistance is located at 1.2500, support - at 1.2400. 

The MACD has decreased, which indicates the position gain sellers. RSI headed down to the oversold zone.
 

Forecast GBP / USD 23.11.2016

It is recommended to open short positions, while the pound is below the level of 1.2500. After the breakdown of the level 1.2400 the bears can focus on reaching 1.2300 area.

Technical analysis and forecast of the pair dollar / yen today 11/23/2016

The Japanese currency strengthened sharply in the first half of trading forex, as in the media out messages about what happened in the country of a strong earthquake. Somewhat later, the pair corrected to the background of my head of the BoJ, Kuroda, who said about the gradual development of the economy.
 

The current situation on the USD / JPY

The yen remained in a narrow flat, trading Tuesday near multi-month highs. During the day, the price remained between the levels of 111.00 and 110.50. The tool USD / JPY was trading significantly above the moving averages on the 4-hour chart. All the moving averages are preserved bullish bias. Resistance is located at 112.00 and 111.00 support area. 

The MACD fell, indicating a weakening of the position of the buyer. Consolidated RSI overbought.
 

Forecast USD / JPY 11/23/2016

If bullish on the pair USD / JPY continue, in the short term Target ceases 112.00 level. After the breakdown of this level the pair may continue to grow in the area of 113.00.

Technical analysis and forecast gold rate today 23/11/2016

Futures on precious metal stopped falling and even a little stronger, due to the weakened dollar after strong growth. 

The current situation in gold

recovery in gold prices are showing signs of fading. Failure to overcome the level of 1220 returned to the sellers' market. The price rebounded from this level and went to the area of 1210 dollars per ounce. On the hourly chart the upward movement was stopped by 100 EMA. Faced with an obstacle near the 100 EMA, prices rebounded and down, back below the 50 EMA on the same chart. Resistance is located at 1220 support - to 1210 dollars per ounce. 

The MACD has decreased, which confirms the strengthening position of sellers. RSI toward oversold.
 

Gold forecast for today 23/11/2016

The overall picture remains bearish sentiment and suggests further decline under the mark 1210. After the breakdown of the mark in 1210, the level of $ 1,200 an ounce again attract the attention of traders.

Technical analysis and forecast of oil prices today 23/11/2016

On the commodities market trades on Tuesday ponefti proodili sideways, remaining below 4-week highs, as investors were awaiting the report on reserves of "black gold" in the United States.
 

The current situation of oil

on Tuesday, oil prices remained near recent highs month. Customers could not continue to grow after the gap, and for the breakdown level of 50.50 dollars per barrel followed by a reversal in the downward direction. The price has fallen sharply under the said mark and before the opening of the US session, tested the level of 49.50.Moving averages are developed up to the 4-hour chart. Resistance is located at 50.50 and support - to 49.50 dollars per barrel. 

The MACD fell, indicating a weakening of the position of the buyer. RSI consolidated in the overbought levels.
 

Oil Forecast 11.23.2016

Closing of trading above the level of 50.50 dollars per barrel could generate fresh bullish signals for continued growth in the area of 51.50. Not ruled out profit-taking after a recent rally. If buyers fail to raise the price, you can expect a reversal of quotations and reduce support 48.50 area.

Analytical review of the currency market  Fort Financial Services