Technical analyst and forex forecast on 27.01.2017: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent
The euro exchange rate in tandem with bucks on forex trading on Thursday, despite the strong fundamental data from the Euro zone countries. Gfk Research Institute in Germany reported that the consumer climate index exceeded growth forecasts in December, while in Spain in the 4th quarter decreased unemployment. Investors are waiting for data on US GDP in the 4th quarter with a lower value compared to the previous quarter.
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Euro Dollar current situation
On Thursday, the EUR / USD pair was influenced by bulls. The market seemed fairly balanced against the backdrop of the lack of strong movements. During the Asian session, the euro stayed in a narrow range between 1.0720 and 1.0750. After the opening of European trading the price fell below. In the middle of the European session, the single currency fell and tested the level of 1.0700. On the hourly chart the price has broken through the 50 EMA and the 100 EMA are tested. 100 EMA and the 200 EMA are directed upwards, and the 50-EMA remained neutral. Resistance is at around 1.0700, and 1.0650 support.
MACD has decreased, which indicates a weakening of the position of sellers. RSI came out of the overbought zone and headed down.
EUR / USD Forecast 27/01/2017
It is recommended to adhere to the bearish scenario. Movement below 1.7000 will confirm the effect of sellers on the pair. In this case, EUR / USD may fall to 1.0650. If the bids will close above 1.0750, the market will continue to move upward.
Forex. Technical analysis and forecast of the pair gbp usd GBP / USD today 01/27/2017
Sterling rose against the dollar on Thursday, supported by optimistic reports from the UK. As it became known, Britain's GDP in the 4th quarter of growth exceeded forecasts. Moreover pound received additional support after the Supreme Court decision that Article 50 must be approved by Parliament before entering into force. Now the market's attention shifted to American GDP data for the final quarter of last year, which is projected to show a lower value compared to the earlier period. At the same time it is assumed that in the United States reduced the basic orders for durable goods in December 2016. Besides the market's attention will be focused on meeting Trump and May. Theresa May will be the first foreign leader, which will meet the new US president.
Pound Dollar current situation
On Wednesday, the pound managed to rise above the level of 1.2600, thereby surprising market participants. After reaching the level of recent months highs, the pair GBP / USD has slowed. It seems that buyers have weakened grip. In the middle of the European session the bulls, exhausted, stopped at around 1.2650 and handed the reins of the sellers. Prior to the New York trading Medvedev sent the price down and tested the level of 1.2600. The price has continued to lose ground in early US trading. On the 4-hour chart, the price is above the moving average. 50-EMA-EMA 200 crossed upwards. 50 EMA and 100 EMA remains bearish direction, and the 200 EMA was neutral. Resistance is at 1.2600, and 1.2500 support.
The MACD histogram is increased, which confirms the strength of buyers. RSI is in the overbought zone.
GBP / USD forecast for 01/27/2017
GBP / USD pair is strongly overbought. You can expect a corrective movement below 1.2600. If the price consolidates below this level, GBP / USD will continue to decline to 1.2500.
Technical analysis and forex forecast rate USD / JPY today 01/27/2017
The slight decrease showed on Thursday the Japanese currency against the dollar, ignoring the fact that the demand for foreign currency "safe haven" is supported by the growing risks in relation to the world trade. Investors are waiting for reports from Japan on inflation, as it is assumed that in December, changes in the direction of growth.
yen Dollar current situation
On Thursday, the Bears surrendered their positions. During the Asian session, the pair was near the upper limit of the lateral range. Bullish momentum has matured to the start of the European session. In the morning the US dollar rebounded from the level of 113.00, and headed to a mark of 114.00. After the opening of the European session the dollar continued recovery and an in-updated maximum, passing the mark 114.00 and fixed above. On the 4-hour chart, the price has broken through the 50-EMA upwards. Price was below 100 and 200 EMA-EMA. 50 EMA and 100 EMA are pointing downwards, and the 200 EMA remained neutral. Resistance is at the level of 115.00, and 114.00 support.
MACD rose, indicating a weakening of the position of sellers. RSI came out of the neutral zone and headed up.
USD / JPY forecast for 27/01/2017
Bulls headed for 114.50. If they continue to move in this direction, the level could be broken, and if the price reaches the resistance 115.00.
Forex forecast and analysis of the course of AUD / USD for today 26/01/2017
On Thursday, the Australian market was closed in connection with the Day of Australia, however the national currency grew up against the backdrop of new US dollar sales as Donald Trump intends to build a wall on the border with Mexico and to amend the legislation on immigration.
AUD / USD Current Situation
The AUD / USD remains in ascending channel on Thursday. However, buyers do not have the strength to rise above. Restoring marked during the Asian session, it was stopped in the area of 0.7583. The Australian dollar fell in the early European session and broke through the level 0.7550. Sellers continue to lower the price in the US session. According to the 4-hour chart, the pair tested the 50 EMA. Price remains above the moving averages for the day. 50 EMA and 100 EMA preserved upward slope, while 200 EMA remained neutral on the same chart. Resistance is at around 0.7550, and 0.7500 support.
The MACD indicator is located on the ground level. If the histogram will go into negative territory, it will point to the strengthening position of sellers. If the MACD enters into positive territory, control of the market will have buyers. RSI came out of the oversold zone and entered the neutral zone.
AUD / USD forecast for 27/01/2017
Now it preferred to abstain from the sale of bovine plans. Break down the 0.7550 level can contribute to the resumption of decrease in pair AUD / USD with the target in the area of 0.7500.
Gold technical analysis and forex forecast XAU / USD on 01.27.2017
Desheveyuschey gold reached a minimum of 2 weeks, came under pressure rising indices on global stock exchanges. Nevertheless, the decline in prices for precious metals is limited, as the market is still strong concerns about the protectionist attitudes elected US president, which increased after the approval of their immigration ordinances.
Gold is the current situation
On Thursday, gold prices remained under strong pressure. Sellers were not able to reduce the price to the level of 1193 on night trading. The pair XAU / USD bounced off this mark and regained some of their losses. However, the upward momentum faded in the area in 1202 dollars an ounce late in the Asian session. Price turned and went back below this mark already during the European session. Precious metals continued to trade in negative territory throughout the day, and before the opening of the US session Breaks Through 1190. The price broke through the 50 EMA and the 100 EMA down on the 4-hour chart. 50 EMA and 100 EMA retained a bullish bias, while 200 EMA was flat. Resistance is located at 1190 and at 1180 dollars per ounce of support.
MACD entered the negative zone. If the histogram will remain here, the position of sellers remain. Consolidated RSI oversold.
(XAU / USD) gold forecast for 27/01/2017
To sellers can keep control of the market, they need to overcome the level of 1190 dollars per ounce. After this breakdown bears can send quotations of gold to the level of 1180. To resume the bullish precious metals must return above the area of $ 1205-1210 per ounce.
forecast for Brent oil prices today Technical analyst and forex 01/27/2017
Oil prices increased on Thursday against the backdrop of US dollar sales. However, price increases limited data indicating an increase in deliveries and stocks of "black gold" despite the efforts of the representatives of the OPEC and other oil producers to cut oil production to return to the market balance between supply and demand.
Oil Current Situation
At the auction on Thursday, the price of oil, Brent continued consolidation. Price comfortable trading around 55.50 during the day. As can be seen sellers protect level, since any attempt to raise the benchmark higher customer proved unsuccessful. 50 EMA 100 EMA and the 200 EMA are neutral on the 4-hour chart. Resistance is at around 55.50, and at 54.50 dollars per barrel support.
The MACD indicator is located on the ground level. If the histogram will go into negative territory, it will point to the strengthening position of sellers. If the MACD enters into positive territory, control of the market will have buyers. RSI remained in the neutral zone.
Oil forecast for 27/01/2017
The technical picture shows the predominance of bullish sentiment. Another Target for the rise in oil prices will be the level of 56.60, after the breakdown of which in the coming days, quotes Brent crude oil may continue to rise in the area of 57.50 dollars per barrel.
DAX forecast and analyst for investors today 27/01/2017
On the stock markets of Europe on Thursday developed a positive dynamics, will update the annual maximum. Market support good reporting companies, as well as news that Johnson & Johnson intends to acquire the Swiss company Actelion, laying out $ 30 billion.
DAX current situation
The market sentiment was positive Thursday. The index formed a gap up at the opening day of trading. DAX continued its upward movement after the gap, and reached 11,900 level in early European trading. Buyers were not able to overcome this level and stay a few points below it during the day. Benchmark entrenched above the moving average on the 4-hour chart. Moving averages have maintained their bullish bias on said time frame. Resistance is at around 11900, and 11800 support.
The MACD histogram has increased, which indicates the strengthening of customer positions. The RSI indicator remained in the overbought zone, intending to climb higher.
DAX Forecast 27/01/2017
On the 4-hour chart, the price has kept bullish. Closing above $ 11,800 will allow to develop the growth to the level of 11,900.
* Analytical review of the broker of Fort the Financial Services , analyst Alexander Kofman
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