Technical analysts and Forex forecast for today 20.12.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent
Although the foreign exchange market and the players reacted to the positive performance of the Ifo business climate in Germany for this month, but sales of euro at yesterday's auction failed to prevent. The US dollar pulled back from the highs, but the demand for the US currency is maintained by the Federal Reserve tightening monetary policy, and improve the prospects of increasing the key rate in the coming year.
Start trading forex with a bonus!
Euro Dollar current situation
For the euro in tandem with the greenback, trading on forex began quietly, the dollar retreated against its major rivals during trading in Asia. The euro has gained an advantage relative to the US dollar on early trading on Monday recovered. Bulls euro raised prices to the level of 1.0475, where the pair EUR / USD found resistance bears. A new wave of sales sent by the tool below 1.0450 after the opening of trading in Europe. The euro / dollar at auction in the United States tested the level of 1.0400. The resistance at 1.0450 and support at 1.0400.
MACD has decreased, which indicates a strengthening of the positions of sellers. The RSI indicator remained close to the oversold zone, meaning reduced.
Euro Dollar trading recommendations
If the EUR / USD remains below 1.0450 in the near future, the market will likely continue to decline with the targets at levels 1.0400 and 1.0350.
Forex Technical Analysis and Forecast Pound Dollar (GBP / USD) as of today 201.12.2016
The dollar paired with sterling traded at highs due to improved US Federal Reserve monetary policy prospects in the coming year. On the part of the United Kingdom was not published important news that could affect the market sentiment.
Pound Dollar current situation
Couple pound dollar, apparently forms a short-term descending channel. Pound paired with ginbkeom in early trading on Monday, trying to break the level of 1.2500. But to succeed in bulls failed. Level tipped the pound, which has fallen sharply to around 1.2400 in the middle of the European session. GBP / USD pair has broken the level 1.2400 mark in early trading in the United States, and continued strengthening in the area of 1.2300. Technical indicators resumed their decline in the negative zone. On the 4-hour chart, the price rebounded from the 200 EMA. 100-EMA-EMA and 200 are directed upward, whereas the EMA 50 is directed downward on the same graph. Resistance is located at 1.2400, support - at 1.2300.
MACD trading in a downward direction, while the RSI remains in the oversold zone, meaning reduced.
Dollar Pound Forecast 12/20/2016
Sentiment bearish for the pair. It is hardly worth waiting for further growth, which can be stopped in the area of 1.2535-1.2540. The pair was likely to first go to the area of 1.2400, and breaking this level the price could drop to the level of 1.2300.
Technical analysis and forecast of the pair Dollar Yen (USD / JPY) 12.20.2016 Today
The Japanese currency was supported on positive indicators on exports and imports. In addition, an additional impetus to the growth of the yen gained on the eve of the meeting of the BoJ. Note that today will be known the outcome of the meeting of the Central Bank of Japan, and the traders do not expect the regulator monetary policy changes.
yen Dollar current situation
On Monday, the USD / JPY pair retreated somewhat from its bullish trend. After rallying more than 200 points for the last week, the dollar pulled back and gave part of the yen positions. Sellers lowered the price on the level of 118.00 to 117.00, where the pair spent the day in an attempt to overcome this level. The price was fixed above the moving average on the 4-hour chart. Moving averages continued upward movement. Resistance is located at 118.00 and 117.00 support area.
MACD has decreased, which indicates a weakening of customer positions. RSI headed south, which confirms the current downward movement.
Dollar Yen Forecast 20/12/2016
The US dollar may continue to decline on profit taking by investors after the recent rally. The technical picture, however, can not confirm this development trading as indicators serves bullish signals. The opening buy orders recommended in case of breakdown of the pair USD / JPY 118.00 resistance level. Then the level of 119.00 will be the next target with the bulls.
Technical analysis and forex forecast pair AUD / USD today 20/12/2016
Currency Australia weakened rollback to a lowest level of 6 months, as traders speculated that the budget expectation will keep AAA rating. Meanwhile, Australia released minutes of the meeting of the Central Bank's monetary policy.
AUD / USD Current Situation
On Monday, the Australian dollar remained weak against the strengthening of the US currency. Friday's rebound from recent lows at 0.7270 area stopped in the area of 0.7300, when a new wave of poisoned pressure prices downward. The pair rebounded from this level and fell to the area of 0.7250. 50-EMA-EMA 100 crossed in the downward direction. Moving averages continued to decline. Resistance is located at the level of 0.7300, and support - at the level of 0.7250.
The MACD histogram has decreased, which indicates the position gain sellers. The RSI indicator is entrenched in oversold zone.
Forecast AUD / USD 20.12.2016
Break of the latter and closing below the low of 0.7270 indicates a further decline. Sellers will win the position and go to 0.7250 and 0.7200 marks.
Forex Technical Analysis and Forecast gold course (XAU / USD) as of today 20/12/2016
Earlier this week, gold sales continued, keeping the trend of the last 6 weeks. Note that the metal attempted to restore the position, but the high demand for the dollar has limited the rise in prices. The chances of gold remain low as the US currency index is kept at a maximum of 14 years.
Gold is the current situation
The price of gold rose slightly on Monday. Gold brought back some of the losses suffered by consumers after the precious metal dropped to a new low in the region of 1120. Bulls raised the price to the level of 1140, which proved to be an insurmountable obstacle for them on the way up. The whole day spent at this price level, trying to overcome it. On the 4-hour chart, the price is below the moving averages, which are directed downward. Resistance was located at around 1140 and 1130 to support dollars per ounce.
MACD rose, indicating a decrease in power sellers. RSI near the neutral territory.
Forecast gold on 20/12/2016
On the 4-hour chart, the price continues to move in a bearish trend. We believe that the pair XAU / USD reaches the first level of 1130. After overcoming it, the price will move on to 1120 dollars per ounce.
Technical analysis and forecast on oil prices 12/20/2016
Crude oil futures showed growth on Monday, as investors await reduction proposals next year on the background of the prisoner OPEC and other nations treaty on the limitation of oil production.
Oil Current Situation
The phase of short-term consolidation is over. After a profit and achieve the level of 55.50 dollars a barrel, oil prices turned around and headed down. Sellers get more and more control over the market, sending the benchmark in the area of 54.50. The price was fixed above the 50 EMA on the 4-hour chart. 200 EMA was neutral, whereas the 50 EMA and the 100 EMA retained a bullish bias. Resistance is located at 55.50 and support - to 54.50 dollars per barrel.
MACD entered the positive zone. If the MACD will remain here, the customer position will be strengthened. The RSI indicator remained in the overbought zone, intending to drop.
The forecast for oil 12/20/2016
If the price consolidates below the resistance 55.50, in the short term may continue to decline in the benchmark. Potential targets of sellers located on the levels 54.50 and US $ 53.50 per barrel.
Technical analysis and forecast for the DAX today 20/12/2016
Stock markets in Europe began trading Monday decline, fell under the pressure of the weakened financial sector. Note heavy losses suffered Danone shares, received a warning of weaker sales, contrary to the predictions of growth.
DAX current situation
Monday was marked by low activity in the market. DAX Index remained motionless all day in 11400. At the 4-hour chart, the price has remained above the moving averages, which have retained a bullish bias. Resistance is located at 11400, and support - at the level of 11,300.
MACD has decreased, which indicates a weakening of customer positions. The RSI indicator remained in the overbought zone.
Forecast DAX 20.12.2016
Confidently struck down 11,400 level could lead to a further weakening of prices and a drop in the index marks to 11300 and 11200.
The S & P500 Technical Analysis and forecast for today 12/20/2016
At the start of the week American stock indexes showed a slight increase at the time, while investors awaited the publication of the report in the US service sector, and the speech of the American regulator Janet Yellen.
Index S & P500 current situation
On Monday, the index remained near recent highs. S & P500 returned the losses suffered last Friday, and in early trading has reached a point 2260. The Bulls have not been able to overcome this level, who hit the price down. Benchmark rolled during the American session. Price tested the 50-EMA on the 4-hour chart. Moving averages are preserved bullish bias. Resistance is located at the index at the level of 2260, support - 2240.
MACD has decreased, which indicates a weakening of customer positions. The RSI indicator remained in the neutral zone.
Forecast Index S & P500 20.12.2016
The price remained near the level of 2260, the loss of which is necessary to further reduce the bulls in the area in 2240.
* Analytical review of the broker of Fort the Financial Services , analyst Alexander Kofman