Technical analysis and forex forecast of the euro dollar (EUR / USD) as of today 09/01/2017
At the auction on Friday, forex buyers euro weakened its activity, after it became aware of the decline in industrial orders and a decline in sales in the retail sector in Germany.
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Euro current situation
On Friday, the bullish mood remained on the market. Buyers obstacles encountered in the area of 1.0600 and retreated. The EUR / USD pulled back during Asian session and has made a new attempt to overcome this level during European trading. Before the opening of US trading new interest in selling sent the pair down. The price has continued to trade significantly above the moving average on the 4-hour chart. Moving averages were in different directions: the 100 EMA and the 200 EMA are directed downwards, while the 50-EMA turned up. Resistance is located at 1.0600, and 1.0550 support.
Technical proceeded in a northerly direction. The MACD histogram has increased, which indicates strengthening of the positions of buyers. RSI Oscillator remains in the overbought zone.
The forecast euro dollar (EUR / USD) 09.11.2017
The upward movement may be resumed, if the pair will rise to the level of 1.0650, and then to the level of 1.0700. On the other hand a positive NFP report could support the US dollar and put pressure on the euro. With the development of such a scenario, the pair may return to the downward movement and the fall in the area of 1.0450.
Forex Technical Analysis and Forecast of the pound dollar (GBP / USD) as of today 09/01/2017
At the end of the trading week of important economic reports from the UK has been received. Meanwhile, investors returned to risk in anticipation of labor market data America. The focus of the market were also indicators of the US trade balance.
Pound the current situation
After rising to around 1.2430 during Asian trading the pound has lost strength and fell. Sterling rolled to the level of 1.2400, where he found a strong support in early trading. GBP / USD pair moved up and down in a very narrow range during the European session, in anticipation of the new movements of drivers. New interest in sales arose prior to the opening of US trading that has sent the pair down. The price has broken the 50 EMA and 100 EMA-up on the 4-hour chart. "Cable" is left among the 100 EMA downward and neutral 200-EMA during morning trading. Resistance is at around 1.2400, and support - 1.2300.
Technical indicators partially withdrew from the overbought area. MACD trading in the downward direction. The RSI indicator remained in the overbought zone.
Pound Dollar (GBP / USD) forecast 09.01.2017
In GBP / USD pair is recommended to open a position to buy, got the price overcomes the resistance level of 1.2400. Price can develop a recovery to 1.2450 and 1.2500 marks. Otherwise, move to the level of 1.2300 will generate a negative signal and indicate the occurrence of the risk of further decline. Sellers can send a pair to 1.2200.
Forex Technical Analysis and Forecast of the dollar, the yen (USD / JPY) 01.09.2017 Today
Weakening of the Japanese currency on Friday contributed to criticism of Japan's automobile company Donald Trump. The position of the new US president called and fears about a potential trade fight between the states.
yen Dollar current situation
The overall picture of the pair shows the predominance of bullish sentiment. Control of the market will remain in the hands of the bulls as price is above the current trend line. USD / JPY The pair has developed a growth on the psychological level of 115.00 during the Asian session on Friday. The US dollar regained losses incurred earlier, and returned above $ 116.00. Restoration, begun during the Asian session, stopped in the area of 116.37, and the dollar has returned to the level of 116.00. Buyers continued to raise rates before the opening of the US session. On the 4-hour chart, the price rebounded from the 200 EMA. 50-EMA-EMA 100 crossed down on the same graph. 100-EMA-EMA and 200 are directed upward, whereas the 50 reduced EMA. Resistance is located at 117.00, and 117.00 support.
MACD rose, indicating a weakening of the position of sellers. RSI remains in the oversold zone.
Dollar Yen (USD / JPY) 01.09.2017 Forecast
Reduction under the mark of 115.00 will indicate the presence of sellers. There is a possibility that the pair will try to overcome the level of 114.00 in the short term. Otherwise, the USD / JPY pair will resume the uptrend, and the price will rise to the resistance level of 117.00.
Forex rate forecast for NZD / USD today 01/09/2017
In the middle of the Asian session, the New Zealand dollar has developed a recovery against the US currency. However, the pair failed to rise above the level of 0.7050 and rebounded after testing this level. Monetary tools NZD / USD traded in a narrow range between 0.700 and marks 0.7030 during the European session. Before the opening of trading in New York, a new wave of sales pressured kiwi. The price fell sharply to a level of 0.7000, and then continued to decline. On the 4-hour chart, the price has broken through the 50 EMA and the 100 EMA in the upward direction, and then test the 200 EMA. Price tried to overcome the 200 EMA neutral during the Asian session. 50 EMA is pointing up, while 100 EMA turned south. Resistance is at 0.7050 and support 0.7000.
Technical indicators have been directed to the north, while in the territory of a bull. The MACD histogram has increased, which indicates the strengthening of customer positions. The RSI is in the overbought zone.
Trading recommendations NZD / USD
The technical picture shows the predominance of bullish sentiment. Break of 0.7050 level will open the way for further growth to around 0.7100.
Technical Forex Analysis for Gold (XAU / USD) as of today 01/09/2017
At the end of the week, gold futures showed a slight pullback in the downward direction, while as investors were waiting for the labor market report in the US for the previous month.
Gold is the current situation
The price of gold fell below 1180 after you install a new week high around $ 1184 per ounce. Precious metals remain in consolidation range with a tendency to decrease below the current resistance level during the European session. The price was trading above the moving average on the 4-hour chart. 50-EMA-EMA 100 crossed up on the same graph. 50 EMA is pointing up, while 100 EMA has been in the flat, and the 200 EMA went down. Resistance was located at around 1180, and in 1170 dollars an ounce support.
The MACD histogram is increased, which is a signal to buy. The RSI remains in the oversold zone.
Gold (XAU / USD) forecast 09.01.2017
On the 4-hour chart is dominated by bearish sentiment. It is expected that the gold price could fall first to the level of 1170. Breaking through this level, the price is likely to fall in the area of 1160 dollars per ounce. A weak report on employment in the US will support the precious metal, sending it to new highs. The pair XAU / USD could rise to the level of 1190 in the short term.
Technical analysis and forecast of oil prices (OIL Brent) today 01/09/2017
Oil quotes continued their upward movement, supported by optimistic data on the reduction of volumes of reserves of "black gold" in the United States, published in the previous session. Meanwhile, the market focus of attention has shifted to a report on the number of operating units of Baker Hughes.
Oil Current Situation
Buyers continue to move rates on an upward trajectory during the Asian trading session on Friday. Bulls raised prices to the level of 57.50 dollars per barrel, but have not been able to break through it. The price rebounded from the resistance and pulled back a little down after the opening of the European session. On the 4-hour chart, the price is above all moving averages, which were sent up. Resistance is at around 57.50, and at 56.50 dollars per barrel support.
The MACD indicator is located on the zero line. If the histogram will return to positive territory, the force will increase buyers. If the light enters into the negative region, the sellers take over control of the market. RSI came out of the neutral zone and headed up.
Oil Forecast 09/01/2017
On Friday traced bullish scenario in the market. If the price breaks through the level 57.50, we think that the following will be 58.50 dollars per barrel.
DAX forecast and analyst for investors today 09/01/2017
European stock markets traded with a negative mood following the decline of the industrial sector and the weakening of the precious metals market. The energy sector has come under pressure due to lower oil and gas. In addition, market participants took a wait on the eve of the publication of data on the number of people employed outside the agricultural sector.
DAX current situation
DAX Index traded mostly sideways, and the overall picture was mixed in during the day. The index moved up and down during Friday's trading. Price tried to overcome the 50-EMA during the first half of the day. 100-EMA-EMA 200 and retained upward slope, whereas the 50-EMA was flat. Resistance is located at 11600, and support - at the level of 11,500.
MACD has decreased, which indicates a weakening of customer positions. The RSI indicator remained in the neutral zone.
Forecast DAX 09.01.2017
Sellers seem to get more control over the market. To continue the downward movement of the index to overcome the level of 11500. After the breakdown of this level is aimed at sellers 11400 mark.
S & P 500 Index and the analyst forecast for today 01/09/2017
The US stock market traded in the flat, because the players did not take important decisions to publish data on the number of employed population of America is agriculture.
S & P500 current situation
The S & P500 remained in a narrow trading range above the level of 2260 during the European session Friday. On the 4-hour chart, the price rebounded from the 50-EMA. Benchmark continued to trade significantly above the moving averages. 100-EMA-EMA and 200 are directed upward, whereas the 50-EMA remained flat. Resistance is located at the index at the level of 2280 support - by 2260.
MACD remained at the same level, which confirms the strengthening of customer positions. The RSI indicator was located in the overbought zone near the neutral zone.
The forecast S & P500 09.01.2017
The overall picture remains bullish. There is a possibility of price growth to resistance level 2280.
* Analytical review of the broker of Fort the Financial Services , analyst Alexander Kofman