Technical analyst and forex forecast for today 30.12.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent
Technical analysis and forex forecast for the euro dollar (EUR / USD) as of today 30/12/2016
On Thursday, the US dollar has weakened its position in tandem with eurocurrency, kickbacks from a maximum of 14 years. Bidding on the market are sluggish, the majority of investors are taking profits before the New Year holiday.
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EUR / USD current situation
In EUR / USD pair returned to the medium-term positive sentiment in trading Thursday. Price found support at 1.0400 and rebounded, returning all of the losses incurred on Wednesday. Euro Rally extinguished after the pair reached a weekly high at around 1.0479, after which trading instrument turned and lost some of the gains before the opening of the new US session. The price has broken the 50 EMA and went up to the 100 EMA on the 4-hour chart. A pair of currencies remained below the 100 EMA and the 50 EMA during the European session. 100-EMA-EMA 200 and directed downwards, whereas a 50-EMA became neutral. Resistance is at around 1.0450, and support - 1.0400.
The MACD indicator is located on the zero line. If the histogram returns into negative territory, it will point to the strengthening position of sellers. If the MACD enters into positive territory, market control will pass to the buyers. RSI came out of the neutral zone and remained close to overbought levels.
EUR / USD Forecast 30/12/2016
If the bullish sentiment continue, we can expect the breakdown level of 1.0500. Then the pair EUR / USD will be able to develop a recovery to the level of 1.0550. Failure to overcome this level may cause long-side trading.
Forex Technical Analysis and Forecast Pound Dollar (GBP / USD) as of today 30/12/2016
Yesterday, sterling showed growth against the US dollar, while in the previous session, the pair hit a low of 2 months. Support for the pound had fundamental data from the UK, in particular, the price index for housing Nationwide exceeded the average forecast.
GBP / USD Current Situation
Although the technical indicators have continued to submit bearish signals, the mood in the market on Thursday was dominated by bullish. The pound rebounded from a fresh low at 1.2200 area and headed north, returning most of its losses suffered in the previous session. Restore stopped at the level of 1.2272, where the pair met some resistance sellers. Sellers took the initiative and sent the price down before the opening of the US session. The price has broken the 50-EMA up, but could not overcome the 100 EMA on the hourly chart. GBP / USD pair rebounded from the 100 EMA and went down. Moving averages continued to decline on the same chart. Resistance is at around 1.2300, and support - 1.2200.
MACD trading in the downward direction. The RSI indicator has entered the neutral zone.
GBP / USD Forecast 30/12/2016
Pound continue recovery, as soon as the price rises above resistance level 1.2300. If customers keep control of the market, the currency pair will move to 1.2400. However, the steady development of the bearish sentiment may limit the current upward momentum. Sellers retained capacity to neutralize the recent loss and then send the pair to the 1.2200 mark.
Technical analysis and forecast of the pair Dollar Yen (USD / JPY) 12.30.2016 Today
The Japanese currency has strengthened its position against the weakening US dollar. A slight effect on the exchange rate has had a published report BoJ meeting in December, where the regulator has kept monetary policy unchanged.
USD / JPY Current Situation
You could see a sharp decline in the US dollar from recent highs. The pair dropped from 118.00 to 116.00 levels against the background of the new interest in sales. Sellers met an obstacle at the level of 116.00, which tipped the pair USD / JPY up. The dollar regained some of the losses before the opening of the US session. On the 4-hour chart, the price has broken through the 50-EMA down and tested the 100 EMA. 100 EMA and the 200 EMA preserved upward slope, while the 50-EMA became neutral. Resistance is located at 117.00, and 116.00 support.
MACD entered the negative zone. If the MACD will remain here and sellers position strengthened. The RSI rebounded from oversold area.
USD / JPY Forecast 30/12/2016
If the price consolidates below 116.00 support, downward movement may continue in the short term. Target Potential sellers are the levels of 115.00 and 114.00. Failure to break the level of 116.00 will lead to a return to the sellers' market. USD / JPY The pair may neutralize all new losses and return to the level of 118.00.
Forex. Technical analysis and forecast of the course NZD / USD today 12/30/2016
In yesterday's trading the pair kept the mood to buy. Buyers and raised the price broke through the 0.6950 level during the European session. After the daily maximum was set at the level of 0.6968 growth momentum waned and the price reversed down. New interest in the sales put pressure on the kiwi, sending asset below 0.6950. On the 4-hour chart, the price has broken through the 50 EMA in the upward direction. The price is between 50 EMA and 100 EMA in the European session. Moving averages are preserved bearish bias. Resistance is at 0.6950, and 0.6900 support.
MACD entered the positive zone. If the MACD will remain here, the position of the buyers will be strengthened. The RSI indicator remained in the overbought zone.
NZD / USD Forecast 30/12/2016
The pair NZD / USD 0.6950 level must be overcome to keep the mood on the market. Otherwise, the return below 0.6950 will increase the chances of re-testing 0.6900 level.
Forex Technical Analysis and Forecast of the course gold XAU / USD today 30/12/2016
Gold futures rose to record highs over the past two weeks, due to subdued trading on the background of the upcoming holiday. Given the pre-holiday mood of investors and withdrawal from the market of the majority of the American currency and equity markets weaken, boosting demand for the yellow metal.
Gold is the current situation
Yesterday, the precious metal has failed to develop a recovery in the dollar against the whole market correction. On Thursday morning, the price of gold jumped and reached the level of 1150 in the beginning of the European session. Quotes are not able to break through this resistance, which was pretty strong impediment. This level is parried pair XAU / USD, which is rolled back before the American session. The price has broken the 50-EMA up and tested the 100 EMA on the 4-hour chart. The yellow metal was unable to overcome the 100 EMA and bounced off the moving average before the beginning of the American session. The price is between 50 EMA and 100 EMA in the first half of the day. EMA-50 was neutral, while the 100-EMA-EMA 200 and directed downward on the same graph. Resistance was located at around 1150 and 1140 dollars per ounce of support.
MACD moving in an upward direction.
Gold Forecast 30/12/2016
The technical picture shows the predominance of bearish sentiment. It is expected that the price will return to the first mark of 1140. Having overcome the first target, the price may head to the area 1130. If the metal breaks up the level of 1150, the growth may develop in the direction of $ 1160 per ounce.
Technical analysis and forecast of oil prices today 30/12/2016
Oil Trades on Thursday passed without sharp fluctuations against the background of a thin market on the eve of the New Year. Investors focused on the publication of weekly figures on stocks of "black gold" in the United States.
Oil Current Situation
After a rapid fall in the night on Wednesday, oil prices fully recovered on Thursday. After declining to 55.90, the price returned to the level at 56.50 dollars per barrel after the opening of the European session. Current level of resistance stopped the price, which remained in his area until the opening of the New York trading session. On the hourly chart the price of oil is above the moving average. We note that the 50 EMA crossed the 100 EMA and the 200 EMA upwards. All the moving averages are pointing upwards. Resistance is at 56.50, and at 55.50 dollars per barrel support.
MACD was located above the zero level. RSI is in the oversold zone.
Oil Forecast 30/12/2016
We recommend to open the deal to buy only if the price breaks through the level and consolidate above 56.50. We do not exclude the probability of correction to 54.50 dollars per barrel.
DAX Technical analysis and forecast 12.30.2016
Stock markets in Europe showed a slight decline on Thursday after the mining and banking sectors. As an outsider banks yesterday were Italy and Credit Suisse.
DAX current situation
The overall picture on Thursday showed a predominance of bullish sentiment. Despite the positive sentiment, the price dropped at the beginning of the European session. DAX index tested the level of 11,400 and immediately jumped on it. Benchmark returned all its early losses and was stopped in the area of the opening prices on the 11450 during the American session. On the 4-hour chart, the price has tested the 50 EMA. The index remained above the moving averages, which have kept upward slope. Resistance is located at 11500, and support - on the level of 11400.
MACD has decreased, which indicates a weakening of the position of the buyer. RSI Oscillator came out of the overbought zone and headed south.
DAX Forecast 12/30/2016
Investors should not expect that DAX quotes ostanetsya in the current range. It is recommended to stay out of the market in the New Year days.
NASDAQ Index Technical Analysis and Forecast Today 30/12/2016
US indexes on Wall Street ignored a series of US economic data, starting Thursday trading on a neutral note.
NASDAQ current situation
The index remained neutral during the day after the most powerful 2 months of decline. Benchmark was located between the current resistance and support, trying to trade between the 50 EMA and the 100 EMA in the day. 100 EMA and the 200 EMA retained a bullish bias, while the 50 EMA was flat. Resistance is located at the index at the level of 4940, support - on 4900.
the MACD entered the negative zone. If the MACD will remain in the negative zone, sellers position strengthened. The RSI was held near the oversold zone, intending to go up.
Forecast NASDAQ 30.12.2016
The bullish trend has retained its relevance on Thursday. NASDAQ may recover less of their losses if breaks the level of 4940 upwards. To continue reducing the required level of breakdown of 4900 downwards. Mark 4865 appears the first target vendors.
* Analytical review of the broker of Fort the Financial Services , analyst Alexander Kofman
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