Technical analyst and forex forecast for today 29.11.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent

Quotes euro fall on forex trading on Monday as investors analyze the performance of the control by the European Central Bank, Mario Draghi.According to the European regulator, the growth of lending to enterprises was recorded in October.
 

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Current situation euros

Apparently, the bears are back in the game. Restore last week lost its power in the region of 1.0700. The pair retreated from recent highs and back below 1.0650 after the opening of the European session. Sellers have sent the price to the level of 1.0600 during the European session. The price has broken the 200 EMA in the downstream direction and obstacles encountered in the 50 EMA and the 100 EMA on the hourly chart. EMA-200 is directed downward, while the 100-EMA became neutral, and EMA-50 turned upwards. Resistance is at 1.0650, support - at 1.0600. 

The MACD rose, indicating a weakening of the position of sellers. RSI turned to the south. 

The forecast EUR / USD 29.11.2016

return below 1.0650 pauses implementation plans bulls. Bear pulse is amplified in the market. Continued bearish movement and the breakout of 1.0600 will send the price level of the area of 1.0550, where the first target.

Technical analyst and prognostication pound dollar today 11.29.2016

On the first trading day of the week the greenback holds decline against the pound. Meanwhile, investors continue to record income after a rapid growth. Note that on Monday trading took place on the background of slabovolatilno empty US economic calendar and Britain. 


The current situation for the pair pound dollar

on Monday trading the pound rebounded from the upper boundary of the lateral canal. The price has fallen sharply in the area 1.2400 late in European trading. After testing the 1.2400 price level slowed attempts to overcome this level before the opening of the US session. Sterling struck a 50 EMA and stopped in the 100 EMA on the 4-hour chart. All the moving averages are neutral in the mentioned time frame. Resistance is located at 1.2500, support -. 1.2400 on 

the MACD histogram has decreased, which indicates the position gain sellers. RSI is moving towards oversold zone. 

Forecast GBP / USD 29.11.2016

If the bearish sentiment continues, we can expect the breakdown level of 1.2400 and further movement to the level of 1.2300.

Technical analysts forecast the dollar and the yen 29/11/2016

With the start of trading on Monday, the Japanese currency fell as investors were forced to take profits amid uncertainty and risk on the eve of important events this week. 

The current situation is the dollar, the yen

price remained in the uplink in trading Monday. Pair USD / JPY remains in its lower boundary, taking timid attempts to recover during the Asian session. The pair accelerated its growth during European trading. The pair has recovered to around 113.00 before the start of the US session. On hourly price broke the 100 EMA in the upward direction by the middle of the European session. 100 EMA and the 200 EMA continued to move upwards, while the 50-EMA became neutral on the same chart. Resistance is located at 113.00 and 112.00 support area. 

The MACD rose, indicating the strengthening of customer positions. RSI is moving up. 

The forecast USD / JPY 29.11.2016

The most likely scenario seems to return to growth in the current week. The first target bulls is the level of 113.00. If this mark is successfully achieved, then we can expect the development of an upward movement to the level of 114.00.

Technical analyst and forecast gold (XAU / USD) 29.11.2016

The short return to the risk of falling downward pressure on the metal, at the same time, market participants try to avoid the market due to the important events of this week. 

The current situation on the gold

price failed to continue to grow above the level of 1200 dollars per ounce, and pulled back almost immediately after the test at this level. Sellers could send the price from 1200 to around 1190, which was broken in the middle of the European session. Breaking through this level, the precious metal continued to move south. After the breakdown of the 50 EMA price met an obstacle in the vicinity of the 100 EMA on the hourly chart. 100 EMA repulsed precious metals quotes. Price spent the second part of the trading day between the 100 EMA and the 50 EMA. Resistance is located at 1190 support - to 1180 dollars per ounce. 

The MACD trading in a downward direction, while the RSI remain neutral to negative. 


Forecast gold 29.11.2016

Failure to break up a mark of 1200 points to a weakening of the position of the buyer. An downtrend will start as soon as the pair drops below support level of 1190. The movement in the downward direction can generate negative signals and the risk of further weakening in the area of ​​1170 dollars per ounce.

Oil Technical Analyst and Forecast 29/11/2016

Oil quotes on Monday were in the red zone, as Friday's decline was continued due to growing doubts that the major oil producers will be able to conclude an agreement on reducing the production of "black gold". 

The current situation on the oil

at the opening of trading on Monday, oil prices have formed a gap in the downward direction . The price rebounded from the level of 46.85 to 46.00 area. After testing the 46.00 level benchmark bounced up and in the middle of the European session closed the gap. Brent tested and broke the level of 47.50 before the opening of the US session. The price has broken in an upward direction 200 EMA, which is directed upwards on the 4-hour chart. After the 50-EMA has crossed the 100 EMA, it continued to decline, while 100 EMA changed its upward trend to bearish. Resistance is located at 48.50 and support - to 47.50 dollars per barrel. 

The MACD histogram has increased, indicating that the increase in customer positions. RSI rebounded from oversold levels and continued growth. 


The forecast of oil to date 29/11/2016

Failure to break down the level of 46.50 may renew interest in buying. The fresh bullish momentum may raise the price to a mark of 48.00. Consolidation above this mark will neutralize the current downward momentum, sending the market to 48.50.

Analysis provided by the broker Fort Financial Services