Technical analysts forecast forex euro dollar (EUR / USD) as of today 04/07/2017
On Thursday, the European currency pulled back from the designated lows as Fed minutes were less severe than predicted by experts. Nevertheless, the growth of the euro / dollar was limited due to the weak ekonompokazatelyami from Germany. It is learned that in February the growth of industrial orders in the first of the EU's economy was below the average forecast. In his speech, Mario Dragi said strengthening economic growth. Trichet also pointed to the soft monetary policy.
Euro current situation
Monetary instrument remained neutral with a tendency to decrease during the day. In the morning the bears attempted to overcome the 1.0650 level, but they failed to carry out. Euro returned to a familiar range after a false breakdown. The EUR / USD tested the 200 EMA on the 4-hour time frame. 50-EMA-EMA 100 crossed in the downward direction. EMA-50 continued to decrease, EMA-100 was directed upward, whereas the 200-EMA became neutral on the same graph. Resistance is at around 1.0700, and support - at 1.0650.
The MACD histogram is reduced, which is a signal to sell. RSI Oscillator is reduced.
Euro Dollar EUR / USD forecast recommendation 07/04/2017
Inability to gain a foothold above $ 1.0650 would risk reducing the asset in the region of 1.0600.
Forex Technical Analysis Currency pair pound dollar GBP / USD on 07/04/2017
In the morning, the pound neutral sentiment prevailed. The couple spent the night in the area of recent highs. Cheerful pair aggressively marketed in the morning, and the price dropped to the 1.2460 area. After the upgrade, the movement has stopped tool session lows. Pound was unable to continue to decline and remained in the area of this mark until the end of the European session. Before the opening of trading in the US pressure on asset reappeared. The price has moved in the direction of 1.2420. In accordance with the 4-hour chart price remained in the 50-EMA. EMA 50 and EMA 200 were neutral, while EMA 100 facing upward on the same graph. Resistance is at around 1.2500, and support - at 1.2400.
MACD indicator has been set at zero. If the histogram will enter the positive zone, it will point to the strengthening position of the buyer. If MACD returns into negative territory, control of the market will move to the sellers. RSI was neutral.
Pound Dollar forecast GBP / USD recommendation 07/04/2017
Bullish for the pair will continue until the level of 1.2450 will not be broken up. In the next session of buyers may try to overcome the level of 1.2500. Alternatively viewed the likelihood of price reduction in the area of 1.2400.
Forex. Forecast the dollar yen pair and Technical Analysis USD / JPY on 07/04/2017
The market turned to safer assets against the backdrop of growing unrest ahead of a meeting of heads of two states: the US and China. Note that the risk aversion increased after North Korea's ballistic missiles. Meanwhile, today the exchange rate trend may ask the economic data from the United States. It is expected that US unemployment rose in March, while the number of people employed in non-agricultural sector has changed to the downside.
yen Dollar current situation
After selling the US dollar on Wednesday, I found the strength to recover. After finding support at 110.40, the pair started majeure growth during the Asian session. Buyers American currency continued to buy assets during European trading. The pair USD / JPY hit 110.80 by the afternoon, where he remained until the opening of trading in America. 4-hour chart showed that the price could not overcome the 50-EMA upwards and back below the moving average. 100-EMA-EMA 200 and retained bearish bias, while the 50-EMA became neutral on said graph. Resistance is at the level of 111.00, and support - to 110.00.
The histogram of the MACD fell. The RSI indicator was located near the oversold zone, intending to climb.
Dllar yen forecast USD / JPY recommendation 07/04/2017
It is possible that the pair may attempt to rise to the level of 111.00 in the coming hours.
Analytical review of the submitted lead analyst broker Fort Financial Services Aleksandrom Kofmanom.
