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Main » 2016 » October » 6 » Forex. Technical analyst, and the forecast for 07.10.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent
Forex. Technical analyst, and the forecast for 07.10.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent


Forex. Technical analyst, and the forecast for 07.10.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent

Technical analyst Forex EUR / USD 07.10.2016

On Thursday, the US dollar strengthened on all fronts, helping to reduce currency-opponents. So, the European currency has lost its position, despite the positive reports from Germany on orders in the manufacturing sector. In addition to the euro pressured speech banker Liikanen, who noted the need to maintain interest rates at a low level, and the use of non-standard measures to stimulate monetary policy.



Current situation

On Thursday the trades were calm. The euro continued its decline after a sharp rise on Tuesday. The price was trading below 1.1200 towards 1.1150 during the European session. The EUR / USD has broken through moving averages in the 4-hour chart. Moving averages are neutral. Resistance is at 1.1200, support - at 1.1150. 

The MACD is in the negative zone. RSI is approaching negative territory.


Forecast of the euro dollar today

The EUR / USD will remain under pressure until it receives a new growth driver. Investors are now directed their attention to the US employment report population nesel skohozyaystvennom sector. The price may continue to decline, if the report will be strong. As the most likely scenario is considered the likelihood of further downward movement to 1.1150 and 1.1100 marks. On the other hand the pair may rise above the level of 1.1200.



Technical analysts at Forex GBP / USD 07.10.2016


The British currency weakened against the US dollar, approaching the lowest level for more than 30 years.Pressure is growing fear the negative impact of the UK exit from the European Union.

Current situation

The pair GBP / USD is now severely oversold. The pound traded near recent lows on Thursday. Price remained in a narrow range bound 1.2700 and 1.2800 during the European session. Before the beginning of the American session the sterling resumed its decline. GBP / USD pair is moving below the 50 EMA 100 EMA and the 200 EMA on the 4-hour chart. Moving averages continued to move in a southerly direction. Resistance is located at 1.2700, support - at 1.2600. 

The MACD remained the same, indicating that sellers gain positions. RSI is in the oversold zone.


Pound Dollar Forecast for today

It can be expected that the pound will remain under pressure amid approximating Brekzita. GBP / USD pair may continue the downward movement. Next Target vendors is the level of 1.2600. After the break of this level could send the price of bears in the area of ​​1.2500.




Technical analysts at Forex USD / JPY 07.10.2016


The US dollar showing leadership against the Japanese currency amid growing expectations the US central bank tightening policy in December.

Current situation 

The pair USD / JPY maintained a strong positive sentiment. In the short term, the price remained in the uplink.The pair reached the key technical level of 103.50 in early European trading. After a brief consolidation of the price continued to rise and headed to 104.30. 50-EMA-EMA 100 crossed and EMA 200 in the upward direction, which is a signal to buy. Resistance is located at 103.50 and 102.50 support area. 

The MACD rose, indicating the strengthening of customer positions. RSI is in the overbought zone.


The forecast pair USD / JPY

USD / JPY pair maintains the bullish tone and is heading toward the goal at the level of 104.30. Price must be reduced below the level of 102.50, so mood changed to bearish.



Technical analysis of forex 10/07/2016 Gold

futures on the precious metal remained on Thursday about a minimum of 4 months. Additional pressure on the gold had a strong data on employment of the population of America 


The current situation

in gold prices at the auctions on Thursday continued to fall. Precious metals declined eighth straight session and renewed 4-month lows. After a brief consolidation during the Asian session, the price came under pressure and weakened, reaching 1260 dollars per ounce. After the breakdown of support in 1260 XAU / USD continued downward movement of the tool in 1250. District 50 EMA 100 EMA and the 200 EMA accelerated its decline. All the moving averages are heading south. Resistance is located at 1260, support - to $ 1,250 per ounce. 

The MACD has decreased, which indicates the position gain sellers. RSI remained in the negative zone.


Forecast for today GOLD

Gold futures were likely to continue the downward movement. The next Target vendors will support the levels of 1250 and 1240.



Technical analysis of the Brent crude oil on 07.10.2016

Quotes of the "black gold" back to growth after the statements by the Minister of Energy of Algeria that at the summit in Vienna, OPEC may conclude an agreement on the reduction of oil production by 1%. 


Current situation

On Thursday, the bull trend remained relevant. Brent crude oil prices continued to fight for the position and moved to the level of 51.50. Oil prices have left behind 50 EMA 100 EMA and the 200 EMA. After the breakdown of the 100 EMA and the 200 EMA 50 EMA line accelerated its growth. 100 EMA and the 200 EMA continued moderate growth. Resistance is located at 52.50 and support - to 51.50 dollars per barrel. 

The MACD remained the same, indicating that the strengthening of customer positions. RSI remained in the overbought zone.


Forecast of development of the situation

on the Brent crude oil prices may strengthen to the level of 53.50, if the upward movement will continue.




Based on materials from Fort Financial Services


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