Technical analysts and Forex forecast for today 02.12.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent

Published on Thursday, data showed increase in business activity growth in the EU promsektore and weak growth in Germany and France. According to US reports, the number of Americans rose last week for the first time applied for unemployment benefits. Pessimistic labor market data were ignored, as the dollar has increased the demand following the increase in oil prices.
 

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Euro current situation

Thursday trading day for the pair formed a positive finding local support in the area of 1.0600, the European single currency jumped to 1.0625. During the European session the price was trading above $ 1.0600, keeping a neutral mood. In accordance with the 4-hour chart of the currency tool up and shot the 50 EMA. The pair remained below 100 and EMA-EMA 200 in the same graph. 50 EMA was neutral, while 100 EMA and the 200 EMA maintained their bearish bias. Resistance is at 1.0650, support - at 1.0600. 

MACD indicator has been set at zero. RSI remained in the neutral zone. 


Forecast EUR / USD 02.12.2016

According to the indicators recommended to open short positions. If selling pressure continues, the pair runs the risk of decline in the area of 1.0550.

Technical analysis and forecast for the pound dollar (GBP / USD) as of today 02/12/2016

On Thursday, the pound showed steady growth with respect to the American opponent, despite the decline in the index of business activity in the UK manufacturing sector last month. In addition, the growth of the pair contributed to a short-term correction in the dollar.
 

Pound the current situation

in the market bullish sentiment becoming increasingly popular. Pound continued recovery from 1.2400 area rollback. The pair broke the 1.2500 level in early trading and then continued upward movement. Buyers raised the price above $ 1.2600 before the opening of US trading. Cent jumped from 50 EMA and 100 EMA, showing an increase in the 4-hour chart. Resistance is located at 1.2700, support - at 1.2600. 

The MACD histogram has increased, which indicates the strengthening of customer positions. Oscillator RSI remained close to the overbought zone, intending to climb. 


Forecast GBP / USD 02.12.2016

After yesterday's rally can be expected to roll back prices. GBP / USD pair may return to the 1.2500 area at the next session.

Technical analysis and forecast of the dollar, the yen (USD / JPY) 02.12.2016 Today

On Thursday, the US currency traded against the yen at a maximum of 9 months. Support for the pair had optimistic fundamental data from America. Meanwhile, the decline in the yen limit on positive indicators of business activity in the Japanese production for the previous month.
 

Dollar Yen current situation

in bullish mood Thursday retained its relevance. During the day, the pair remained close to recent highs. Bullish momentum faded in 115.00. From this price level rebounded to 114.00 support. Moving averages have changed slightly since yesterday. Resistance is located at 115.00 and 114.00 support area. 

MACD remained at the same level, which indicates the strengthening of customer positions. The RSI is in the overbought zone.
 

Forecast USD / JPY 02.12.2016

remain bullish on the relevant market, which may contribute to the growth of the pair to the 115.00 resistance.After the breakdown of this level the pair has a chance to continue to grow and test the 116.00 mark.

Technical analysis and forecast rate of gold (XAU / USD) as of today 02/12/2016

On Thursday, the gold price strengthened somewhat after falling to a minimum of 10 months in the previous sessions. The appeal of gold rose on short-term weakening of the dollar, but the pressure is maintained in connection with the possible increase in Fed rates this year.
 

Gold is the current situation

Technical indicators kept the bearish bias. Gold met with an obstacle in the area in 1160, and rebounded from it.The price recovered to the level of 1180, where upward momentum waned before the opening of the European session. Quotes of gold fell under short-term pressure and dropped to the level of 1170 in the middle of the European session. On the 4-hour chart, the price continued trading well below the moving averages, which have maintained their bearish bias. Resistance is located at 1180, support - at 1170 dollars per ounce. 

MACD remained at previous levels, confirming the strengthening of the positions of sellers. The RSI continued consolidation in the oversold area.
 

Gold Forecast 12/02/2016

In the market of precious metals is expected a new wave of pressure from the bears. Next Target is the level of 1160.
 

Technical analysis and forecast of oil prices today 12/02/2016

The jump in oil prices was the result of a successful outcome of the meeting of the largest oil producers on production constraints. Such dynamics of the oil market will continue, provided that the parties honor their promises.
 

Oil is the current situation

is now bullish trend objectively. Oil prices have developed impulse purchases in early trading Thursday. Prices reached a level of 52.50, which stalled after the rally. Benchmark all day attempted to overcome this mark. 50-EMA has broken through the 200 EMA and moved in a northerly direction on the 4-hour chart. EMA-50, 100-EMA-EMA 200 and turned up. Resistance is located at 53.50 and support - to 52.50 dollars per barrel. 

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

Oil Forecast 12.02.2016

After the rally can be expected to profit. The price can be rolled back to 51.50 support.

Technical forex forecast is provided by  Fort Financial Services