Technical analysts and Forex forecast for today 22.12.2016: 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
In yesterday's trading the forex important news from the Eurozone, investors did not expect, as the markets are preparing for Christmas and New Year holidays. Investors' attention was directed to a release from the US sales of existing homes. Short-term dollar pullback from the highs given a chance to level the euro loss.
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Euro Dollar current situation
The pair euro dollar in the currency market continues to remain negative trend. Although the medium trading the euro was able to recover some of the lost ground. After consolidation at the level of 1.0400 Bulls bounced back and moved the course to the level of 1.0450. On the hourly chart the price has tested 50 and 100 moving averages. They were a strong barrier that price could not break through the bottom. Quotes euro fell below the moving averages and remained there until the opening of the New York session. Resistance is at 1.0450, and 1.0400 support.
MACD rose, reflecting the weakening of the position of sellers. RSI is in the oversold zone.
EUR / USD Forecast 22/12/2016
Traders should wait for the euro upward correction, which is the beginning nёtsya once the price rises above the 1.0400 resistance. A break through the level of price increase is down to 1.0450. If this is achieved, it is possible to rise to 1.0500.
Forex Technical Analysis and Forecast Pound Dollar (GBP / USD) as of today 22/12/2016
Briton in yesterday's forex trading came under the influence of negative reports on the net borrowing of the public sector, the results of which exceeded the expectations of experts. In addition, the development of the downward trend on the British currency contributes to the strong dollar.
Pound Dollar current situation
Sterling continued to trade near 1.2300, with a clear predominance of bearish sentiment. After the opening of the European session the pair has experienced some pressure. However, bearish sentiment declined, and after fixing a minimum in the region of 1.2317 the pair turned around, managing to recover their daily losses. On the 4-hour chart, the price continued trading well below the moving average. 50 EMA crossed down the 100 EMA and approached the 200-EMA. 100-EMA-EMA and 200 were neutral, while EMA 50 is directed downward. Resistance is at around 1.2400, and support - 1.2300.
MACD remained at previous levels, confirming the power sellers. The RSI remains in the oversold zone.
GBP / USD forecast for 12/22/2016
Now all the attention is focused on the resistance of 1.2400. If the pair breaks this level, recovery can continue to 1.2450 and 1.2500 marks. However, the probability of a positive development of trading remains low and we can expect a downward movement in the short term.
Technical analysis and forecast of the pair Dollar Yen (USD / JPY) 12.22.2016 Today
Sales of the Japanese currency contributed comments Managing BoJ, as well as the divergence of monetary policy in the US and Japan. Downward correction of the pair can be justified by short-term weakening of the dollar due to profit-taking by investors on the eve of New Year holidays.
yen Dollar current situation
On Wednesday, the overall sentiment remained bearish on the market. The US dollar moved away from recent highs near 118.00 and tested the level of 117.00 in yesterday's trading. The price has broken the 100 EMA and the 50 EMA on the hourly chart. 200 EMA went up, while the 50 EMA and the 100 EMA in the flat were on the same chart. Resistance was located at 118.00, and 117.00 support.
MACD has decreased, which indicates a weakening of customer positions. RSI came out of the overbought zone.
USD / JPY forecast for 12/22/2016
As the dollar yen pair is likely re-players should not expect growth. The first goal of the bulls would be the level of 119.00. Chances are that this level is broken, the high, as the pair has successfully raised several times to him for the last two weeks. Not ruled out further correction to the level of 116.00.
Technical analyst and forex forecast pair USD / CAD today 22/12/2016
Currency pair USD / CAD has lost its recent gains against the backdrop of the demand for oil and the development of the downward trend on the index DXY. Today, Canada will present a large block of statistics. Investors' attention is directed to the CPI and sales reports in the retail sector in Canada, as well as the focus remains on US GDP data.
USD / CAD The current situation
The US dollar tried to regain control over the market against its Canadian opponent in the auction environment. However, all attempts to overcome the 1.3400 level were unsuccessful. New interest in the sales put pressure on the pair. Trading instrument spent the day in a narrow range below 1.3400, gaining strength before the next step. On the 4-hour chart, the price is trading above the moving averages. Pair USD / CAD tested the 200 EMA, trying to cross the moving average for a further decline. 200 EMA has been in the flat, 100-EMA is directed downward, while the 50-EMA upward. Resistance is at 0.6900, and 0.6850 support.
MACD has decreased, which indicates a weakening of the positions of sellers. The RSI indicator remained in the overbought zone.
USD / CAD Forecast 22/12/2016
To continue reducing the quotations of the dollar is necessary to break down the level of 1.3360. Sellers may send the pair to the 1.3330 area in the short term. To neutralize this downward pressure customers to overcome the level of 1.3400.
Forex Technical Analysis and Forecast of gold rate today 22/12/2016
Yesterday, the precious metal quotations remained at a minimum of 11 months. The pressure on the metal has a strong greenback, and positive growth forecasts for US interest rates next year.
Gold is the current situation
The medium-term downtrend has retained relevance in the market. Signal a strong recovery is not observed. However, the precious metal was able to return to the previous day's losses. Buyers raised the price level from 1125 to 1135, where growth has been stopped, and consolidation above recent lows was formed, tagged on 1122 dollars per ounce. Price tested the 50 EMA and the 100 EMA on the hourly chart. 50-EMA-EMA 100 crossed in the downward direction on the same graph. 50 EMA and 100 EMA are neutral, while 200 EMA went down. Resistance was located at around 1140 and 1130 to support dollars per ounce.
MACD rose, indicating a weakening of the position of sellers. The RSI was held near the oversold area, intending to drop.
Gold Forecast 22/12/2016
If the pair XAU / USD breaks the level of 1140, it is recommended to open a position to buy. In this scenario development, in which buyers will retain control, the metal can move to around 1150. On the other hand, the new interest in direct sales of gold prices to fresh multi-month low of 1120 and US $ 1110 per ounce.
Technical analysis and forecast of oil prices today 22/12/2016
Yesterday, crude oil recorded growth in the fourth day in a row on the background of expectations regarding the reduction in US oil inventories last week. News of the launch of Libya's largest oil field put pressure on raw materials.
Oil Current Situation
On Wednesday, oil prices kept the short-term bullish. Benchmark continued consolidation, trading in the area of 55.50, unable to set the direction for the near future. However, the latest tool action point to bearish sentiment as customers attempt to break 55.50 level were unsuccessful. Price remains above the moving averages on the hourly chart. Prices for Brent crude tested the 50 EMA before the opening of the US session. 50-EMA-EMA 100 crossed in the same graph. 100-EMA-EMA and 200 are directed upward, whereas the 50-EMA was neutral. Resistance is located at 55.50 and support - to 54.50 dollars per barrel.
MACD was trading in an upward direction. The RSI indicator remained in the overbought zone.
Oil Forecast 22/12/2016
If the price consolidates below 55.50, the benchmark may develop a downward trend in the short term. Potential Target act 54,505 and US $ 53.50 per barrel.
Technical analysis and forecast for the DAX today 22/12/2016
Stock indexes in Europe were down on the eve of the Christmas holidays. The pressure exerted on the market worries about the financial sector in Italy and Spain.
DAX current situation
On Wednesday, the index remained mood of uncertainty. The benchmark traded in a narrow range, which was limited to marks 11440 and 11480. On the 4-hour chart, the price is fixed above the moving averages. Moving averages are preserved bullish bias. Resistance is located at 11500, and support - at the level of 11,400.
MACD has decreased, which indicates a weakening of buyers DAX positions. The RSI indicator remained in the overbought zone.
Forecast DAX 22.12.2016
It is recommended to open positions on the DAX sale only in case prices fall below the level of 11400. Potential Target will mark 11300.
The S & P500 Technical analyst, and the forecast for today 222.12.2016
The index continued its consolidation phase, remaining above the level of 2260. On the hourly chart the price has remained above the moving averages. EMA 50 and EMA 200 are directed upward, whereas the 100-EMA was neutral. Resistance is located at the index at the level of 2280 support - by 2260.
MACD was trading in an upward direction. The RSI remains in the oversold zone. RSI continued to decline, which confirms the current downward movement.
The S & P500 Forecast 22/12/2016
Price Index S & P500, apparently directed to the support 2260. If the S & P500 consolidates below this level, the benchmark may continue the downward trend in the short term.
* Analytical review of the broker of Fort the Financial Services , analyst Alexander Kofman
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