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Technical analysts and Forex forecast for today 21.12.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent

20 december 2016 - Fx4News
Technical analysts and Forex forecast for today 21.12.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent
Technical analysis and forex forecast for the euro dollar (EUR / USD) as of today 22/12/2016

 

Tuesday trading on the forex greenbacks spent on the positive, as Ms. Yellen his performance added optimism about policy tightening in the new year. Although the euro sales slowed after a positive release on producer prices in Germany.
 

 

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Euro Dollar current situation


Euro Forex Quotes Tuesday continued their downward movement. EUR / USD exchange rate at the beginning of currency trades tried to recover losses, but approaching the level of 1.0400, the negative market made itself felt. The euro is not delayed and the rate fell to 1.0350 before the opening of trading in New York, and at the auction in the United States attempted to test .. On the 4-hour chart, the euro / dollar continued to decline under the moving averages, which are directed downward. Resistance at 1.0400, and 1.0350 support.

MACD remained at the same level, which confirms the effect of sellers. RSI is around the oversold level and pointing down.


EUR / USD forecast for 21/12/2016


After closing the daily candle below 1.0350 players should wait for the fall of the euro dollar to 1.0300 over the next few days. The level of 1.0250 the next possible target vendors.

 

 


Forex Technical Analysis and Forecast Pound Dollar (GBP / USD) as of today 21/12/2016


Pound forex trading on Tuesday traded sluggishly towards the greenback against the background of an empty macroeconomic calendar and New Year's holidays approach. The dollar enjoyed increased demand due to the recent increase in rates this year.


Pound Dollar current situation


In Asia, the pair GBP / USD was unable to overcome a mark - 1.24. After sterlingbritanets reached the day high of 1.2408, quotes stopped. At auction in Europe, trading volumes have grown, and fresh interest in the British sales dropped to a new low 1.2300. The pound traded below the moving averages on the 4-hour chart. 50 EMA crossed down the 100 EMA. EMA 100 and 200 are neutral while EMA 50 facing down. Resistance is at around 1.2400, and support - 1.2300.

The MACD histogram has decreased, confirming the power sellers. RSI is around the oversold level and pointing down.


GBP / USD forecast for 12/21/2016


Currency Albion paired with an American is likely to continue the downward trend to continue. On the way bears mark of 1.23, but it is necessary to overcome the level as the open way down to 1.2200.

 

 


Technical analysis and forecast of the pair Dollar Yen (USD / JPY) 12.21.2016 Today


The yen fell after the BoJ announced the decision to maintain a negative rate. In addition, the Governor of the Bank reported an improvement in the trends of economic development of the country of the Rising Sun.


yen Dollar current situation


USD / JPY exchange rate on Tuesday, the foreign exchange market has grown against the decision of BoJ to maintain monetary policy unchanged. Bulls in the dollar yen pair again seized the initiative and sent the pair to its daily high. The US currency rose from 117.00 to 118.00 in trading in Europe. Yen in tandem with the American tested the level before the opening of trading in the United States. On the hourly chart the price rebounded from the 100 EMA before the opening of the European trading. The American struck 50-EMA on the way down and walked away from the moving average. 100- 200 and EMA-EMA directed upwards, while EMA 50 facing downwards on the corresponding graph. Resistance at 118.00, and 117.00 support.

MACD remained at the same level, which confirms the strength of buyers. RSI pointing up, which also speaks in favor of the sellers.

 

USD / JPY forecast for 12/21/2016


If a pair of bulls dollar, the yen will not lose control of the situation, the pair USD / JPY will be able to gain a foothold above 118.00 and reached 119.00.

 

 

Technical analysis and forecast pair NZD / USD today 12/21/2016


Hawkish statements of the Federal Reserve in the US economy and the rising expectations of monetary tightening have increased the upward trend of the dollar, helping to reduce the New Zealand currency. 

 

NZD / USD current situation


Kiwi continued its bearish trend and slipped below the level of 0.6900 in the middle of the European session on Tuesday. After the price breaks the level, the sellers moved to the new goals in the area of ​​0.6850. Price was located under the moving averages on the 4-hour chart. 50-EMA-EMA crossed 200 and 100 down-EMA. All the moving averages are also directed downwards. Resistance is at 0.6900, and 0.6850 support.

The MACD histogram has decreased, which indicates the position gain sellers. RSI is around the oversold level and facing down.


Forecast NZD / USD on 21.12.2016

 

After the breakdown level of 0.6900 the pair NZD / USD reaches 0.6850 level first. Having overcome it, the price can go further to 0.6800.

 

 


Forex Technical Analysis and Forecast of gold rate today 21/12/2016


The price of gold continued to decline, the US currency is in demand among investors, against this background of dollar quotations went to new highs. Speech by Fed chairman Yellen and positive comments on the US labor market, as well buck gained confidence by strengthening expectations of players to raise interest rates in 2017.


Gold is the current situation


Fresh wave of risk appetite contributed to the return of control over the market in the hands of merchants. The current slight recovery was stopped in the area 1140. The Bears took the initiative and sent a pair XAU / USD to the level of $ 1130 per ounce. On the hourly chart the price rebounded from the 100 EMA and the 50 EMA has broken down. 100-EMA-EMA 200 and directed downwards, whereas a 50-EMA was neutral. Resistance was located at around 1140 and 1130 to support dollars per ounce.

The MACD histogram has decreased, which is a signal to sell. The RSI was held near the oversold area, intending to drop.


Gold Forecast 21/12/2016


Gold prices are trying to overcome support at 1130. A break-down level will pave the way for further weakness towards the objectives of 1120 and 1110.

 

 


Technical analysis and forecast of oil prices today 21/12/2016


After correction lower prices down, Brent crude oil futures continued to rise. The focus of investors is an agreement on the limitation of oil production and its implementation on the part of OPEC and the other oil producers, not-conducting part of the cartel. Note that investors are expecting a report on oil stocks today.


Oil Current Situation


For Brent crude oil on Monday were trading in positive mood. Trying to push the level of 54.50 vendors failed. The price rebounded from this level and went to the area of ​​55.50. The benchmark broke through the level during the US session. On the 4-hour chart, the price rebounded from the 50-EMA. Moving averages are directed upwards. Resistance is located at 56.50 and support - to 55.50 dollars per barrel.

MACD has changed slightly from the previous day. MACD was trading in an upward direction. RSI has moved in a northerly direction, which confirms the current upward movement.


Oil Forecast 21/12/2016


The technical picture shows the predominance of bullish sentiment. Now the market's attention is directed to the resistance 55.50. Break of this level will send the price to 56.50.

 



Technical analysis and forecast for the DAX today 21/12/2016


European stocks traded mixed on Tuesday, as initially tragic events in Berlin reduced the mood in the market, but after the release of corporate news consumers to re-energize.


DAX current situation


At the auction on Tuesday noted the predominance of sentiment index for the purchase. After a short consolidation in the 11,400 buyers and raised the price reached the level of 11500. The price continued trading significantly above the moving average on the 4-hour chart. Moving averages are directed upwards. Resistance is located at 11500, and support - at the level of 11,500.

MACD has decreased, which indicates a weakening of customer positions. RSI consolidated in the positive zone.


Forecast DAX 21.12.2016


Benchmark retained bullish and approached the level of 11,500 in the 4-hour chart. After the breakdown of the mark 11500, the following Target growth rate will be 11600.

 


NASDAQ Index Technical Analysis and Forecast 12/21/2016


At the opening of the US indices showed a positive trend, at the same time, market participants are in anticipation of the publication of corporate performance.


NASDAQ index of current situation


Bulls on the NASDAQ on Tuesday, the stock markets dominated. The upward momentum continued during the index trading in Europe. Market participants have raised quotes and set a maximum day at 4063. On the hourly chart the price has tested the 50 EMA and the 100 EMA in early trading. Then, the index bounced off the moving averages. 50-EMA-EMA 100 crossed up on the same graph. EMA 50 and EMA 100 were neutral, while EMA 200 upward. Resistance is located at the index at the level of 4980, support - at 4940.

The MACD histogram has grown, it is a signal to buy. The RSI is in the oversold zone, intending to go up.


Forecast NASDAQ 21.12.2016 Index


The upward trend on the NASDAQ does not lose its relevance. After closing above the level of 4963, will increase the risk of testing the level of 4980. The test of this level will probably develop NASDAQ Composite Index growth in the region 5020

 

 

* Analytical review of the broker of Fort the Financial Services  , analyst Alexander Kofman

 

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