Technical analysts and Forex forecast for today 09.12.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent
Technical analysis of forex euro dollar (EUR / USD) as of today 12/09/2016
currency market players waited last ECB meeting, the regulator left it at that interest rates have not changed, and the purchase within the asset purchase in the amount of 80 billion. prodolzhilatsya euros per month until March next year.
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Euro Dollar current situation
The euro dollar forex trading mixed on Thursday. EUR / USD rate continued to rise in early trading Breaks Through 1.0750. Quotes tool continued to strengthen, and after a test 1.0800 level in trading in Europe. The resistance did not deter the bulls, and they raised the price to the level of 1.0850. But before the opening of trading in the US the euro sharply changed direction, and the situation was intercepted bears. The euro strayed from the level of 1.0850 and fell to a mark 1.0650. The price rebounded from the 200 EMA on the 4-hour chart. 50-EMA-EMA 100 crossed upwards. 200 EMA and the 100 EMA preserved bearish bias, while the 50-EMA upward. Resistance at 1.0650, support - at 1.0600.
The MACD histogram has decreased, which indicates the position gain sellers. RSI rebounded from overbought area and heading south as well.
Forecast EUR / USD on 09.12.2016
The movement of the euro the dollar below $ 1.0700 will neutralize the medium-term positive for the traders. The EUR / USD is likely to fall urovnyu1.0550.
Technical analysis and forecast for the pound dollar (GBP / USD) as of today 12/09/2016
Strong data on balance of housing prices, the sterling was supported by quotations on forex trading on Thursday.Short-term weakness of the greenback also added positive British currency.
Pound Dollar current situation
In the first half of trading forex bulls pound maintained a positive attitude. Briton strengthened and regained part of the lost positions this week. GBP / USD exchange rate at the auctions in Asia increased from the level of 1.2600 and tested the 1.2700 mark at the opening of the European session, continuing the upward trend. Mark 1.2700 blocked the way buyers pounds. British Currency Quotes headed down and leveled daily achievements.From a technical point of view, the pound rebounded from 50-EMA on the 4-hour chart. 50 EMA 100 EMA and the 200 EMA retained a bullish bias. Resistance is located at 1.2600, support - at 1.2500.
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 will return to positive territory, control of the market will go to buyers. RSI Oscillator is reduced.
Forecast GBP / USD on 12.09.2016
If the British against the dollar will be able to break through the 1.2700 level, then the next goal for the pair 1.2800. However, the inability to rise above, weaken the upward momentum and send the pair to 1.2600 and 1.2550.
Technical analysis and forecast of the dollar, the yen (USD / JPY) 09.12.2016 Today
At the start of the day the Japanese currency pulled back from highs against the US dollar since the report was published on the weak Japanese GDP. The weakening of the yen was short-lived, because soon the US currency strengthened, buoyed by the decision of the European regulator to maintain the same level of monetary policy.
yen Dollar current situation
On Thursday, the pair USD / JPY traded mixed. Sellers lowered the price tested the level and 113.00 during Asian session. After testing the level of 113.00 the price pulled back and held the European session above it. A new wave of interest in buying a pair of raised during US trading. The dollar broke through the level of 114.00, but above the level could not leave. On the 4-hour chart, the price rebounded from the 50-EMA. moving averages retained bullish bias. Resistance is located at 115.00 and 114.00 support area.
The MACD histogram has increased, which indicates the strengthening of customer positions. RSI moved up.
Forecast USD / JPY today 12/09/2016
Warning Forex players sent to the level of 114.00. The breakdown of the mark would open the way for further growth to around 115.50.
Technical analysis and forecast of USD / CAD for today 12/09/2016
On Thursday, Canada published a series of reports, among which demonstrated positive dynamics in the housing market. Nevertheless, the Canadian currency is not strengthened, as the dollar in great demand on the background of positive macroeconomic reports from the US.
USD / CAD The current situation
On Thursday, the USD / CAD pair continued south movement. After the breakdown level of 1.3260 US dollar continues to lose ground and fell to 1.3190. Price stopped a few points above this level and start to form a consolidation. On the 4-hour chart, the price continued trading well below the moving average. EMA-50 and 100-EMA-EMA 200 crossed in the downward direction. EMA-200 was neutral, while EMA 50 and EMA 100 went down.Resistance is located at the level of 1.3260, and support - at the level of 1.3190.
MACD trading in the downward direction. The RSI remains in the oversold zone.
Forecast USD / CAD on 09/12/2016
If the USD / CAD pair will form a consolidation above $ 1.3250, the bullish mood will prevail in the market.
Technical analysis and forecast gold rate today 12/09/2016
The pressure on gold intensified after it became aware of the decision of the ECB, which has left its monetary policy unchanged. The news strengthened the position of the US dollar, offset by the attractiveness of the precious metal.
Gold is the current situation
At the auction on Thursday, gold was in the range of 1175-1180. Price formed a gap in the upstream direction at the open and moved up from the bottom of the range. Interest in buying waned near the level of $ 1180 per ounce, which tipped the price down. Precious metal rolled back and stayed in the middle of the range before the opening of the US session. On the 4-hour chart, the price tested the 50-EMA and bounced once. 50 EMA 100 EMA and the 200 EMA continued to decline. Resistance is located at 1180, support - at 1170 dollars per ounce.
MACD trading in the downward direction. RSI remained in the neutral zone.
Forecast Gold 09.12.2016
While the pair XAU / USD remains in the current range, it is advisable to remain neutral.
Technical analysis and forecast of oil prices 09/12/2016
Oil quotations came under pressure mixed performance reserves of "black gold" in the United States. In addition, the market doubts that the agreement on the reduction of oil can solve the problem of over-saturation.
Oil Current Situation
At the auction on Thursday, after the consolidation during the Asian session, the price went up. Quotes Brent grew up and returned some of the losses during the day. Benchmark approached the mark of 53.50 dollars per barrel after the start of the European session. Price remains below the 50 EMA and the 100 EMA on the 4-hour chart. 200 EMA went up 100-EMA was neutral, while the 50-EMA has maintained a bearish bias on the same chart. Resistance is located at 53.50 and support - to 52.50 dollars per barrel.
The MACD indicator is located on the ground level. If the histogram will enter the positive zone, it will point to the strengthening of the positions of buyers. If MACD returns into negative territory, control of the market will go to the sellers. RSI is neutral.
Oil Forecast 09/12/2016
Closing of trading above $ 53.50 will form a bullish signal that will send prices to peaks in the vicinity of 55.50. If the benchmark will remain below this level, the quotes can head to 51.50 dollars per barrel.
Technical analysis and forecast for the DAX today 12/09/2016
European DAX index has appreciated against the background of the announcement of the outcome of the ECB meeting about the gradual changes in the economy. According to the European regulator's decision rate remained unchanged, as there is a risk of the crisis against the backdrop of political uncertainty in the EU.
DAX current situation
positive sentiment dominated trading on Thursday. Yesterday DAX index continued upward movement. The benchmark broke through the level 11100 and continued growth in the region of 11,200, where upward momentum faded. On the 4-hour chart, the price continued trading significantly above the moving averages. All the moving averages have turned up. Resistance is located at 11200, and support - at the level of 11,100.
MACD rose, indicating the strengthening of customer positions. The RSI indicator remained in the overbought zone.
Forecast DAX 09.12.2016
After trading above 11100 resistance price may continue to rise to around 11,200.
NASDAQ index technical analysis and forecast for today 12/09/2016
The ECB decided to leave its monetary policy unchanged, in line with market expectations. The decision to support US stocks. Additional growth momentum has been received after the publication of the report of a strong labor market in America.
NASDAQ index of current situation
The index spent the day in the consolidation range above the level of 4835. Traders have tried to overcome the mark of 4865, but the attempt was unsuccessful. The price has tested this level and pulled back to the opening price. On the 4-hour chart, the price has been located above the moving averages. EMA 50 and EMA 200 were neutral, while EMA-100 went up and crossed EMA-50. Resistance at index 4865, support at 4835.
MACD remained the same, indicating that the strengthening of customer positions. The RSI indicator remained in the overbought zone.
NASDAQ Index Forecast 12/09/2016
That the NASDAQ is expected to try to rise above the level of 4865. A daily close above it would open the way for further growth to around 4900.
* Analytical review of the broker of Fort the Financial Services , analyst Alexander Kofman
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