Technical analysis of forex euro dollar (EUR / USD) as of today 12/08/2016
Euro / dollar forex feels good before the meeting of the ECB. The market froze waiting for the main event, which will add volatility to the market.
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Euro current situation
The foreign exchange market on Wednesday opened a plus, although the euro could not fully compensate for the lost items on the eve. At auction in Europe, volatility has declined against the backdrop of the lack of movement of drivers in the market. EUR / USD was trading above $ 1.0700 in the first half of the day. On the 4-hour chart, the price has remained below the 200 EMA. 200 EMA and the 100 EMA are directed downwards, while the 50-EMA rose and tested the 100 EMA. Resistance at 1.0750, support - at 1.0700.
MACD remains in the positive zone. The RSI indicator remained in the overbought zone.
Forecast EUR / USD 08.12.2016
The next target buyers euro dollar 1.0750 level. In the breakdown of the level of the euro to go to the level of 1.0800.
Technical analysis and forecast for the pound dollar (GBP / USD) as of today 08/12/2016
Briton in forex trading on Thursday passed greenbacks its position under pressure from a weak report on the volume of industrial production in October.
Pound the current situation
On Wednesday trading sterling continued to be adjusted downwards. After a short consolidation in the 1.2670, the pair pound dollar fell and before the start of trading in Europe uroven1.2600 tested. Mark has become an obstacle for the bears on the euro, market participants took a break before the breakdown level. Price fell and tested the 50-EMA on the 4-hour chart. 50-EMA, 100 -EMA and 200 EMA continued upward movement.Resistance is located at 1.2700, support - at 1.2600.
MACD has decreased, which indicates a weakening of customer positions. RSI Oscillator is reduced.
Forecast GBP / USD 08.12.2016
A likely scenario for the pair Pound Dollar continued reduction of quotations to the level of 1.2500.
Technical analysis and forecast of the dollar, the yen (USD / JPY) 08.12.2016 Today
The Japanese currency is limited in growth, as the pressure on it has a weak fundamental backdrop and gaining strength the US dollar.
yen Dollar current situation
On Wednesday trading bullish retained relevance in the morning. After testing 10-month high at 114.82 the pair showed slabovolatilnye bids, trying to gain a foothold above $ 114.00. On the 4-hour chart, the price rebounded from the 50-EMA. All the moving averages are preserved bullish bias. Resistance is located at 115.00 and 114.00 support area.
MACD has decreased, but remained in the positive zone. The RSI remain neutral.
Forecast USD / JPY 08.12.2016
USD / JPY exchange rate to 115.00 resistance. As an alternative we recommend to open short positions if the pair USD / JPY breaks the level of 114.00.
Technical analysis and forecast pair NZD / USD today 12/08/2016
On Wednesday, the head of the RBNZ gave Graeme Wheeler, reporting stable economic development of the country at the moment. He also noted that the concern is the weak pace of growth in labor productivity. In addition, the pressure on the kiwi have high prices for dairy products.
NZD / USD current situation
From a technical point of view the pair NZD / USD has remained neutral. After a short wave of sales on Tuesday, on Wednesday trading New Zealand Dollar was trying to be adjusted. The pair has found strong support in the 0.7100 area and bounced off that level, restoring most of the previous losses. Restoration of kiwi in the middle of the European session was stopped near the 0.7140 mark. Price rose and tested the 200 EMA on the 4-hour chart. 50-EMA-EMA 100 crossed in an upward direction. 100-EMA-EMA and 200 were neutral, and EMA-50 directed upwards. Resistance is located at the level of 0.7150, and support - at the level of 0.7100.
The MACD histogram has increased, which indicates the strengthening of customer positions. RSI moved up, confirming the strengthening of the positions of buyers.
Forecast NZD / USD 08.12.2016
Break up the level of 0.7150 will expose a couple at risk for further growth to resistance 0.7200. If the price reaches that level, it will lead to further growth of the level of 0.7250.
Technical analysis and forecast gold to date 12/08/2016
Futures on precious metal traded under pressure as the market are strong expectations of interest rate rises in the United States at the next meeting.
Gold is the current situation
Quotes of gold trying to recover on Wednesday, but remained near 10-month low. The price rebounded from the level of 1165 and break the mark in 1170 after the opening of the European session. However, the upward momentum faded in the area in 1178, where the couple spent the rest of the European session. On the 4-hour chart, the price rose and tested the 50-EMA. 50 EMA 100 EMA and the 200 EMA preserved bearish bias.Resistance is located at 1180, support - at 1170 dollars per ounce.
MACD was trading in an upward direction. RSI remains in the neutral zone.
Forecast Gold 08.12.2016
It is expected that the precious metal prices will drop. Break down the level of 1170, paving the way for further progress in the area of 1160 dollars per ounce.
Technical analysis and forecast of oil prices today 12/08/2016
Oil quotes adjusted lows on Wednesday. However, the rise in prices for "black gold" has been limited, as there are concerns about the conditions for limiting the production of oil oil producing countries.
Oil Current Situation
From a technical point of view on the Brent oil futures were in the "green" zone, in spite of the recent decline. Oil prices on Wednesday returned some of the losses. Benchmark found strong support in the area of 53.50. Prices rebounded from this level and went up, noting the day high of 54.18. prices turned down in front of the American session. On the 4-hour chart, the price is fixed above the 50 EMA 100 EMA and the 200 EMA. EMA-200 was neutral, while EMA 50 and EMA 100 upwards. Resistance is located at 54.50 and support - to 53.50 dollars per barrel.
The MACD histogram has decreased, it is a sell signal. RSI headed down, confirming the strengthening of the positions of sellers.
Oil Forecast 08/12/2016
In the case of price decrease below 53.50, quotes Brent crude oil is recommended to sell. After the breakdown of this level traders can send prices to marks 52.50 and 51.50.
Analysis provided by the broker FortFX