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Main » 2016 » October » 17 » Forex. Technical analysis and forecast 18.10.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, BRENT
Forex. Technical analysis and forecast 18.10.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, BRENT



Technical forex forecast EUR / USD 18.10.2016


Trading in the forex Monday greenbacks spent seven months at the peaks against the euro. The US currency was beat out in leaders due to optimistic economic reports strengthened the expectations of monetary tightening this year.



Current situation euro dollar


The euro exchange rate against the dollar partly recovered in currency trading on Monday, and was able to recover some of its losses. Sellers of euro fixed income sales after Friday, which helped the European currency recover. Bulls in the euro raised the price to 1.1000 resistance. But to overcome this level buyers are not able to, and the price pulled back down with the arrival of the American traders. Quotes euro tested the 50-EMA near the mark 1.1000 on the hourly chart. 50 EMA and the performed obstacle repulsed the price in a downward direction.All the moving averages (50, 100 and 200) are moving down. Resistance is at 1.1000, support - at 1.0950.

MACD remained in the negative zone. Histogram remained at previous levels, indicating that the increase in sellers' positions. RSI holds near oversold levels.

Forecast EUR USD 10/18/16

The euro after corrective pullback may again take the level test, try to 1.0950. Otherwise, after the daily close above $ 1.1000, the EUR / USD likely to rise to the level of 1.1050.


Forex Technical Analysis GBP / USD 18.10.2016


Investors continue to fear economic difficulties associated with the release of Albion from the EU. Against this background, Brit remains under pressure

Current situation Pound Dollar

The neutral phase, which began last week, is still ongoing. Cable price gap formed in the downward direction at the opening of trading on Monday. Price bounced down from the level of 1.2182 to 1.2153. The pair continued to decline after the gap and during the day were trading in the range 1.2140-1.2200. Sterling remained below the 50 EMA, which is directed downwards and limits its growth on the hourly chart. Moving averages have slowed their decline, continuing the downward movement on the same chart. Resistance is located at 1.2200, support - at 1.2100.

MACD is in the negative zone. Histogram rose, indicating a weakening of the position of sellers. The RSI indicator is consolidating near oversold levels.

Pound Dollar forecast for today 10/18/2016

As the pair pound dollar today neutral recommendation, probably British continue to trade sideways.



Technical analysis and forecast of USD / JPY 18.10.2016


Greenbacks in tandem with Japan's currency held Monday trading in a narrow range since received support due to optimistic figures on retail sales, which became yet another argument in favor of the weight of tightening US Fed monetary policy.

Current situation USD / JPY

The dollar / yen in trading Monday remained in the uplink. Price moved to the upper border of the channel and attempts to overcome the support level of 104.00, to continue to decline. On the hourly chart the dollar quotes come close to the 50 EMA, which is directed upwards. 50 EMA acts as a strong support for prices. The moving averages are pointing downwards. Resistance is located at 105.00 and 104.00 in support.

MACD is in the positive zone. Histogram remained at the same level, which indicates the strengthening of customer positions. RSI is in the overbought zone.

Forecast on USD JPY 18/10/16

After the breakdown of support 104.00 price will continue to move down to the level of 103.30. In the case of the rebound from the 104.40 support growth veroyatnoprodolzheniya to the highs of last week in 104.61.



Technical Analysis Forex AUD / USD on 18.10.2016

The Australian dollar retreated to pair American, having lost part of the conquered positions, recruited at the end of last week against the backdrop of oil prices growth.

Current situation AUD / USD

At the auction for the pair AUD / USD on Monday was dominated by mood to buy. The price has moved away from the lows set on Friday. Aussie moved in the upward direction and the back part of the losses in trading on Monday. The couple came out of the short-term descending channel and is now trying to develop a movement upwards. The price goes to 0.7650 area. The AUD / USD rebounded from the 50-EMA and the 100 EMA, which serves to support prices. Price bounced off these lines and continued to move in the opposite direction from them. Moving averages (50, 100 and 200) are neutral on the 4-hour chart. Resistance is located at 0.7650, support - at 0.7600.

MACD is in the positive zone. Histogram remained at the same level, which indicates the strengthening of customer positions. RSI Oscillator is moving in an upward direction.

Forecast AUD / USD 18.10.16


If the pair AUD / USD will remain positive in the near future will likely continue recovery tool to 0.7650. At the same time, the bearish scenario involves closing below 0.7600.



Technical forex forecast rate of gold 10.18.2016


On the first trading day of the week, gold futures traded almost unchanged, remaining near the lows of 4 months.The demand for safe haven assets continue to limit got stronger US dollar.


Gold is the current situation

On Monday, gold prices traded flat. The trading range formed last week, remained. The pair XAU / USD attempted to recover in the Asian session on Monday. However, the upward momentum waned, the price lowered, and lost its recent gains. Precious metals held European session near the lower boundary of the trading range. Gold futures were between 50 EMA and the 100 EMA on the hourly chart. Moving averages remain bearish bias.Resistance is located at 1260, support - to $ 1,250 per ounce.

MACD remained in the negative zone. Histogram rose, indicating a weakening of the position of sellers. RSI remains near oversold levels.

Gold Forecast 18/10/2016

In the near future the neutral mood of the instrument will continue. The metal is likely to remain in the range of 1260-1250. We can expect that the price will rise to the level of 1260.



Technical analysis and forecast of oil Brent 18.10.2016

On Monday, oil prices showed a decline, as the pressures have data marking the growth of drilling rigs in the United States and a record oil production by OPEC countries against the backdrop of slowing global economy. It should be noted that the strengthening of the dollar is also a negative factor for commodity prices.


Brent current situation

On the 4-hour chart, brand sentiment of Brent changed to bearish. On Monday, after a brief recovery in the Asian session, the price of Brent jumped down from the level of 52.00. Sellers lowered quotes to support 51.50, which halted their decline. 50 EMA acts as resistance and stopped the momentum of growth, having beaten the price down on the 4-hour chart. 50-EMA becomes neutral, the 100 EMA and the 200 EMA maintain a bullish bias.Resistance is located at 52.50 and support - to 51.50 dollars per barrel.

The MACD indicator is located on the ground level. If the histogram will go into negative territory, it will point to the strengthening position of sellers. If the MACD will return to positive territory, control of the market will go to buyers. RSI Oscillator is reduced.


Oil Forecast 10/18/16

It is expected that the price to continue efforts to overcome the level of 51.50. If the level of stand, the price rebound to around 51.50. If sellers break the mark 51.50, quotes Brent crude oil will continue to fall to 50.50.



Research Fort Financial Services 






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