Today forex technical analyst and forecast 30.03.2017: EUR / USD, GBP / USD, USD / JPY, GOLD, USD / CAD, DAX, S & P500, Brent
Technical analysts forecast forex euro dollar (EUR / USD) as of today 30/03/2017
On Wednesday trading greenback strengthened against the euro currency, receiving stimulus on positive reports from the US Federal Reserve comments SShAi representative Fischer, to support an additional rate increase this year. The European Union's major releases have been reported.
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Euro Dollar current situation
the euro fell sharply on Tuesday. The price reached the lower boundary of the rising channel near 1.0800 in the US session. Sellers could not overcome this mark, and retreated. Currency trading tools all night above this level. Bears broke through support at the beginning of the European session and then continued gaining ground. The EUR / USD has broken through the 50-EMA down on the 4-hour chart. Moving averages are directed upwards at the same time frame. Resistance is at around 1.0800, and support - at 1.0750.
MACD has decreased, which indicates the weakening position of the buyer. The RSI indicator remained near oversold and now heads south.
Forecast EUR / USD recommendation on 30.3.2017
The growth rate of the American currency contributed to the fact that the euro dollar has come under a new wave of sales. Below the level of 1.0800, the asset EUR / USD target the 1.0750 support. If successful penetration resistance bears is likely to be directed around 1.0720-00, and further to 1.0665. If the sellers fail to penetrate and consolidate below 1.0750, the players waiting again correction to the level of 1.0800
Forex Technical Analysis Currency pair pound dollar GBP / USD on 03.30.2017
On the eve of the launch of England exit procedures from the EU sterling slipped against the US dollar. Investors' attention is directed to the speech Terezy Mey, as well as interest are comments from the FOMC.
Pound Dollar current situation
Sellers found strong support in the area of 1.2400. Pound halted its decline and began a short-term consolidation during the Asian session. The Bears have lost power in the morning, let the major pair to recover some of the losses. Pound moved away from recent lows during the European session reached the area of 1.2450. Activity crossed-EMA 50 down and tested for 200th EMA 4-hour time frame. 50 EMA was neutral, 100 EMA continued upward movement, while the 200-EMA turned down on said graph. Resistance is at around 1.2500, and support - at 1.2400.
MACD entered the negative zone. If the histogram will remain here vendors position will be strengthened. The RSI indicator was close to the oversold zone, meaning reduced.
Forecast GBP / USD recommendation on 30.03.2017
Despite the fact that the British rebounded from oversold levels, the currency pair Pound Dollar was far from the continuation of the upward movement. To neutralize the downward pressure of the buyers is necessary to break the level 1.2500 again. Inability to extend the recovery may return to the market vendors, who will send a cable to the level of 1.2350.
Forex. Forecast the dollar yen pair and Technical Analysis USD / JPY on 03/30/2017
US currency rose against a basket of major currencies, supporting the pair dollar / yen. Meanwhile, unnoticed remained weak report from Japan, reported a decline in sales in the retail sector.
Dollar Yen current situation
Tuesday, trading for the dollar were positive. Cheerful couple moved away from the level of 110.00 and developed rally up. Buyers reached 111.00 mark on late US session, but could not overcome him. USD / JPY The pair spent the night in the trading area of this level, forming consolidation. Cheerful couple began to decline in the morning on profit taking buyers after night, the asset is restored. Before the start of trading in the US the price has returned to the level of 111.00. In accordance with the 4-hour chart price is below the moving averages that are pointing downwards. Resistance is at the level of 111.00, and support - to 110.00.
MACD rose, indicating a weakening of the position of sellers. RSI Oscillator is consolidated in the neutral zone.
Prediction USD / JPY recommendation 30.03.2017
Return below 111.00 generate a negative signal and cause further reduce risks. In this case, the price may return to the downlink. For further recovery of the US dollar is necessary to break the mark 111.50 upwards.
Technical Forecast USD / CAD today 30/03/2017
The medium vapor remained in the usual range. Price was sandwiched between the levels of 1.3400 and 1.3350 throughout the day. Restoring marked on overnight trading to a halt in the morning, when the exchange tool has reached the upper border of the channel. Morning brought back the bearish sentiment in the market. The US dollar fell sharply, offset by achieving all night. Sellers were not able to continue to move to the south, and the pair stayed within the specified range. 4-hour chart demonstrated that exchange tool has been clamped between the 50 EMA and the 100 EMA in the first half of the day. EMA-50 continued to rise, EMA-100 turned downward, whereas the 200-EMA retained bullish bias on the same graph. Resistance is at around 1.3400, and support - at 1.3330.
MACD remained at the same level, which confirms the strengthening position of the buyer. RSI Oscillator is reduced.
Forecast USD / CAD recommendations 30.03.2017
On the 4-hour chart, the technical picture indicates the development of a downward movement in the area of 1.3330.
Gold technical analysis and forex forecast XAU / USD on 03/30/2017
The precious metal's appeal no longer in effect on Wednesday, allowing quotations to roll back to the previously reached a maximum of 4 weeks. The focus is on the launch of the British government official divorce process with the European Union.
XAU / USD current situation
on Wednesday rising trading structure has retained its relevance. The price reached the lower boundary of the rising channel and night stop decline. Precious metals spent the Asian session in a narrow range between the marks 1250 and 1247 dollars per ounce. The pair XAU / USD showed fresh buying interest in the European session. Price moved away from the night and minima up to 1255. The yellow metal was located above the moving averages that were sent up to a 4-hour time frame. Resistance is at around 1260, and support - to $ 1,250 per ounce.
MACD has decreased, which indicates the weakening position of the buyer. RSI Oscillator rose up.
Gold XAU / USD forecast recommendation on 30/03/2017
If the sellers will be able to lower the price below the upward trend, the precious metal may continue the downward movement to the level of $ 1240 per ounce. Bullish sentiment is stored in anticipation of the price increase to the level of 1260.
Technical analyst and forex forecast for Brent oil prices today 30.03.2017
On Wednesday, oil prices rose, touching an 8-day high. The impetus for the growth was the news about reducing the supply of "black gold" from Libya, while the extension of the contract is expected to reduce oil production by OPEC and other oil producing major.
Oil is the current situation
of Brent quotes continued bullish movement in the trading environment. After a night prices remained near 51.50, the benchmark continued to rise in the morning. Futures rose and late European session reached the level of 52.00. The benchmark was unable to continue its growth and fell slightly, returning to 51.50 area. 4-hour chart showed that Brent oil prices crossed the 50 EMA-up and tested the 100 EMA. 50 EMA became neutral, whereas the 50 and 100-EMA-EMA retained bearish bias. Resistance is at around 52.50, and at 51.50 dollars per barrel support.
MACD has entered into positive territory. If the histogram will remain here, the customer position will be strengthened. RSI headed north, which confirms the current upward momentum.
Oil Forecast and recommendations 03/30/2017
In the case of maintaining control over the market bulls, a further increase to the level of 52.50 is not excluded.
DAX Index technical outlook for investors on 30.03.2017
In the middle of the week European stock markets were optimistic on the background of the official launch Breksita procedure. Note that the good results showed the index of mining companies, rallied after copper. Strengthened as the automobile sector, however, the leaders of growth were the shares of 3I Group.
DAX current situation
Wednesday DAX index rose amid renewed interest in purchases. Buyers break the level of 12200 at the open and sent the benchmark in the area of 12250 at the late European session. DAX index was unable to continue to grow above this level and entrenched above the mark 12200. In accordance with the 4-hour chart, the price has continued to trade well above the moving averages. 50-EMA-EMA 100 and 200 EMA were sent up to said graph. Resistance is at around 12,300, and support - to 12200.
The MACD histogram is increased, which indicates the strengthening position of the buyer. Oscillator RSI remained near overbought intending to rise above.
Forecast DAX recommendations 30.03.2017
According to the index DAX saved expectations of growth to a level of 12,300.
NASDAQ Index Technical Analysis on 30/03/2017
upward momentum waned when the NASDAQ hit 5420 level in trading Tuesday. Buyers were not able to overcome this level and remained in his district during the night trading. The index remained unchanged on Wednesday, trying to break this level throughout the day. In accordance with the 4-hour chart benchmark it was located above the moving averages that were sent up. Resistance is at around 5420, and support - to 5380.
The MACD histogram is increased, which is a signal to buy. RSI indicator remained near perekuplennosti zone.
Forecast NASDAQ advice for investors 30.03.2017
Resistance level 5420 is to be punched and become a support to the index could continue its upward movement to the level of 5460.
Analytical review of the submitted lead analyst broker Fort Financial Services Aleksandrom Kofmanom.