Technical analysts and Forex forecast for today 23.12.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent
Technical analysis and forex forecast for the euro dollar (EUR / USD) as of today 23/12/2016
Despite the publication of a number of important reports from the US, have demonstrated positive trends, trading in the euro / dollar remained unchanged. According to the data, orders for durable goods in the US were better than expected. With regard to the release of GDP for the third quarter, it came in line with expectations, while in annual terms the results exceeded expectations.
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Euro Dollar current situation
During the European session on Thursday, the euro continued to strengthen its position by lifting the EUR / USD to a new weekly high. The pair broke the level of 1.0450 in early trading, and made an attempt to reach the 1.0500 resistance. However, the bulls failed to gain a foothold on the level, and the pair has returned to 1.0450 before the opening of the New York trading session. On the hourly chart the price went up, breaking through the 50 EMA and 100 EMA, and tested the 200 EMA. EMA 50 EMA and 100 were neutral, while 200 EMA facing down. Resistance is at 1.0450, and 1.0400 support.
MACD rose, indicating a weakening of the position of sellers. RSI pointing upwards, confirming the strength of buyers.
EUR / USD Forecast 23/12/2016
Despite the oversold conditions, which is the euro is unlikely that the rate will show a significant recovery. Attention is focused on the level of 1.0450. If it is broken the price, you should pay attention to the level of 1.0500. If the break above fail, the price will fall again.
Forex Technical Analysis and Forecast Pound Dollar (GBP / USD) as of today 23/12/2016
Pound against the greenbacks in forex trading on Thursday maintained a narrow trading range. Meanwhile, figures for UK GDP will be released today and is likely to show no change. It is worth noting that Britain will work in reduced mode on Christmas Eve.
Pound Dollar current situation
On Thursday, the pair GBP / USD remains under pressure. The pair traded near recent lows in the 1.2300 area. The price remained below the moving average on the 4-hour chart. 50-EMA-EMA 200 crossed in the downward direction. 100-EMA-EMA and 200 were neutral, while EMA 50 is directed downward on the same graph. Resistance is at around 1.2400, and support - 1.2300.
MACD rose, indicating a weakening of the position of sellers. The RSI remains in the oversold zone.
GBP / USD Forecast 23/12/2016
If the pound will maintain bearish tone, a break-down level of 1.2300 will support a further decline to the level of 1.2250 and then to 1.2200.
Technical analysis and forecast of the pair Dollar Yen (USD / JPY) 12.23.2016 Today
Ian is paired with American foreign exchange market Thursday, remained in a correctional phase. Today, trading floors closed in Japan, as the country is celebrating the Emperor's birthday.
yen Dollar current situation
The medium-term uptrend has retained relevance in trading Thursday. Bulls were able to recover some of its recent losses and raised the price of 117.00 area to around 118.00 in early trading. Restore stopped at 117.70, where the pair remained almost motionless until the end of the European session. On the hourly chart the price has broken through the 50 EMA and the 100 EMA. The currency was sandwiched between a pair of 50-EMA-EMA 100 and one side 200 and EMA - on the other during the day. 200 EMA kept the upward direction, 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 was located near the neutral zone.
USD / JPY Forecast 23/12/2016
It is expected that the pair USD / JPY will continue to consolidate as the market becomes "thinner" before the Christmas weekend. However, sentiment is still bullish, and is likely to break 118.00 resistance, after which the price may head towards levels of 119.00 and 120.00.
Forex Technical Analysis and Forecast Course AUD / USD today 23/12/2016
On the market are strong expectations for the acceleration of US economic growth as a result of the implementation of an aggressive program of fiscal expenditure Donald Trump. At the same time the dollar support improved forecasts for Fed rate hikes next year, making higher-yielding currencies less attractive.
AUD / USD Current Situation
On Thursday, trading was dominated by bearish sentiment. The AUD / USD fell after two days of consolidation. Sellers sent the AUD from the level of 0.7250 to 0.7200 during the European session. Level 0.7200 stopped the sellers. After testing this price mark kickbacks. Aussie bounced off the 50-EMA and heading down on hourly chart. Moving averages are preserved bearish bias on the same chart. Resistance is at 0.7250, and 0.7200 support.
The MACD histogram has decreased, which indicates the position gain sellers. The RSI indicator remained in the overbought zone, intending to drop.
AUD / USD Forecast 23/12/2016
The technical picture shows the predominance of bearish sentiment. The most likely scenario for trading is considered to be a further decline to the levels of 0.7150 and 0.7100.
Forex Technical Analysis and Forecast of gold rate today 23/12/2016
Changes in the precious metals market was insignificant on Thursday. Gold futures balanced in at least 11 months, as trading volumes are reduced in anticipation of Christmas.
Gold is the current situation
Gold prices remain bearish. Precious metals showed little activity at the auction on Thursday, staying in a tight range Mezhuyev marks 1130 and 1135. On the hourly chart the price tested the 50-EMA and rebounded from it. 50 EMAi 200 EMA kept the bearish bias, while 100 EMA has been neutral on the same chart. Resistance was located at around 1140 and 1130 to support dollars per ounce.
MACD remained at the same level, which confirms the strengthening position of sellers. The RSI was held near the oversold area.
Gold forecast for today 23/12/2016
In anticipation of the new trading signals to refrain from open positions. Confident breakdown of any border of the current range is needed to define a new direction.
Technical analysis and forecast of oil prices today 23/12/2016
Quotations of "black gold" turned down after it became aware of the increase in US inventories. In addition, a negative factor for oil is the reduction of long positions by investors on the eve of New Year holidays.
Oil Current Situation
At the auction on Thursday, oil prices of Brent set a new low. After a short consolidation during the Asian session traders sent the price down. After the breakdown of support 54.50, they lowered the quotations to around 53.50 dollars per barrel. reduction was sustained prior to the publication of US statistics. On this also influenced the approach of the Christmas holidays. The price has broken the 50 EMA and the 100 EMA are tested on 4-hour chart. Moving averages continued to decline. Resistance is located at 54.50 and support - to 53.50 dollars per barrel.
The MACD histogram has decreased, which indicates the position gain sellers. The RSI indicator has gone out of neutral territory and headed south.
Oil Forecast 23/12/2016
To continue the downward movement of the price to the level of 53.50 is necessary to consolidate below 54.50.
Technical analysis and forecast for the DAX today 23/12/2016
In Europe, stock indices showed at the opening of the stability of a negative trend against the background of low liquidity in the market in anticipation of the holidays. Some support was provided by equities indices pharmaceutical company Actelion.
DAX current situation
On Thursday, the index DAX noted quiet trading. The benchmark was little changed during the trading day. Price levels remained between 11500 and 11400. On the hourly chart the price has tested the 50 EMA. Moving averages are preserved bullish bias at the same time-frame. Resistance is located at 11500, and support - at the level of 11,400.
MACD has decreased, which indicates a weakening of customer positions. The RSI fell and went to the neutral zone.
Forecast DAX 23.12.2016
Before the break the current consolidation range it is recommended to stay out of the market.
NASDAQ index technical analyst and the forecast for today 12/23/2016
On Thursday, trading on the index were mostly sideways. Price remained in a narrow range between the marks 4940 and 4950. Price tested the 50-EMA on the 4-hour chart. Benchmark remained above the 50 EMA 100 EMA and the 200 EMA, which continued the upward movement. Resistance is located at the index at the level of 4980, support - at 4940.
MACD has decreased, which indicates a weakening of customer positions. RSI remain neutral in the oversold zone.
Forecast NASDAQ 23.12.2016 Index
If the price falls below the support 4940, NASDAQ risks continue to decline and test the mark of 4900.
* Analytical review of the broker of Fort the Financial Services , analyst Alexander Kofman
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