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Main » 2016 » November » 23 » Technical analyst and forex forecast for today 24.11.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent
Technical analyst and forex forecast for today 24.11.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent


Technical analyst and forex forecast for today 24.11.2016: EUR / USD, GBP / USD, USD / JPY, GOLD, Brent
EUR / USD: technical analysis and forecast of the euro dollar today 11.24.2016


The euro / dollar fell on the Forex on Wednesday, under pressure from the dollar got stronger. Investors are waiting for a meeting of the American regulator, which with a probability of nearly 100% will make a decision in favor of the rate of growth. Meanwhile, the publication of reports on the index of business activity in Germany and France could not support the European currency.


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The current situation for the pair EUR / USD

The euro continued to lose ground in the trading environment. Price somewhat recovered and tested the level of 1.0650 during the Asian session. Pressure has increased on a pair before the opening of the European session, when the price fell sharply in the area of 1.0600. Then currency pair broke the 1.0600 level in the middle of the European session, and then moved down with the arrival of traders from the United States. Trading instrument struck 50 EMA and the 100 EMA on the hourly chart. The lines become strong obstacle that pushed a pair immediately after the testing moving averages. 50 EMA is neutral, while 100 EMA and the 200 EMA bearish bias retained the same time frame. Resistance is at 1.0600, support - at 1.0550. 

The MACD histogram has decreased, which indicates the position gain sellers. RSI has moved in a southerly direction, which confirms the current downward movement.


Forecast EUR / USD 24.11.2016

Bears continue to control the market, the level of 1.0650 is holding back the growth of the pair. Level 1.0550 next support stands and possible TARGET bears . Otherwise breakdown of the top level of 1.0650 will allow the pair to develop an upward movement.



GBP / USD: Technical analysis and forecast of the pair GBP / USD 24/11/2016


Nankani Briton fell on the forex to the greenback, as under pressure due to concerns Brekzita, and as a result of the passivity of investors before the publication of the fall Ministry of Finance report UK. The dollar continues to growing optimism about the recovery interest rate the US Federal Reserve in December.

Current situation parfait pound / dollar

Sellers continued to dominate the trading environment. Traders approached the 1.2400 support during the night and struck it down with the opening of the European session. After the breakdown of this level sellers lowered quotes pound to 1.2300 support. On the 4-hour chart, the price rebounded from the 100 EMA and headed to the 200 EMA. 50 EMA and the 100 EMA is rotated in a downward direction, while 200 EMA-neutral on 4-hour chart.Resistance is located at 1.2400, support -. 1.2300 on 

the MACD histogram has decreased, which indicates the position gain sellers. RSI Oscillator went down. 

Forecast GBP / USD 11/24/2016

If the pair GBP / USD consolidates below 1.2400, we can expect further reduction in the area of 1.2300



USD / JPY: Technical analysis and forecast of the pair dollar / JPY 24/11/2016


In early trading Japanese currency rose slightly against the US dollar. We note that on Wednesday the Japanese markets were closed in observance of Labor Day, thanks, causing the low liquidity in the market. 

The current situation in the pair USD JPY

uptrend for the pair remains valid. After reaching the level of 111.00 buyers took a break and resumed the upward movement until the middle of the European session. The pair broke the level of 111.00, and jumped to 112.00. But here, the dollar did not stay long and soon went to the 113.00 price. Trading instrument held above the 50-day EMA on the hourly chart. EMA-50 is neutral, while the 100-EMA-EMA 200 and move upwards.Resistance is located at 113.00 and 112.00 support area. 

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, the buyers will get control of the market. Consolidated RSI overbought.


Forecast USD / JPY 24.11.2016

Inability to continue to win new positions can increase the risk of correction. In this case, users can send the price to 109.00, breaking the mark of 110.00. If the upward movement continues, we can expect soon test the level of 113.00.



Gold: Technical analysis and forecast gold to date 11/24/2016


Futures on precious metal came under a wave of selling on the background of the dollar got stronger. Support for US currency had a strong data on orders for durable goods. 

Current situation of gold

According to technical indicators bearish tone remains relevant. The market yesterday was the calm before the release of US data and activated immediately after its release. The precious metal was not able to fix any significant recovery in the trading environment and will continue to consolidate in a narrow range near the lows of last week. The situation has changed with the opening of sites in the United States, the volatility of growth has given strength to sellers who pressed through the level of 1200 and headed down. At the beginning of the American metal is not only tested the session, but also struck 1190. Price spent the day moving average below the 4-hour chart. Moving averages continued downward movement. Resistance is located at 1190 support - to 1180 dollars per ounce. 

The schedule has changed slightly since yesterday. MACD and RSI indicators continue to point to the urgency of the opening of short positions.


Forecast XAU / USD 24.11.2016

Break of 1210 level will target the traders on the mark 1200. A daily close above $ 1220 could form a new bullish signal for continuation of the growth to the level of $ 1230 per ounce.



Brent: Technical analysis and forecast of oil prices today 23/11/2016


Oil prices remain near three-week highs, but not promoted further, as many investors are skeptical that OPEC members will come to an agreement on the production of raw materials reduction. 

The current situation of oil

Oil prices were in an upward channel, trading near its lower border on Wednesday. After updating week highs on Brent futures rolled back, as buyers took a breather before continuing growth. Benchmark continued recovery, jumped in the upward direction. Price came close to the mark of 49.50 in front of the American session. The price remained near the 200-day EMA for. 200 EMA down, 50-EMA has crossed up the 100 EMA. Resistance is located at 49.50 and support - to 48.50 dollars per barrel. 

The MACD fell, indicating a weakening of the position of the buyer. The RSI indicator remained in the overbought zone.


Oil Forecast 24/11/2016

The long-term prospect will keep the bullish tone, while the price held above the level of 48.50. Movement below this level will indicate a weakening of upward movement. Sellers may reduce the price in the area of 47.50.Meanwhile, the upward movement may continue in the area of 50.00




Analytical forex forecast  Fort Financial Services


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