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Technical analyst and forex forecast for today 10.03.2017: EUR / USD, GBP / USD, USD / JPY, GOLD, DAX, Brent

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Technical analysis and forex forecast for the euro dollar (EUR / USD) as of today 10/03/2017

 

On Thursday, the market is waiting for changes from the ECB on monetary policy. Caution controller is connected with the growing unrest ahead of the presidential election in France and the Netherlands.


 

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Euro Dollar current situation

Sellers could send the price down during night trading. However, after the daily low was recorded in the area of 1.0524, the pair changed its direction of travel. Slight pullback dollar led to profit-taking after recent sales couples. Buyers in the morning sent the pair to the 1.0550 mark and later in the European session, struck him. The price of the asset was located below the moving average on the 4-hour chart. EMA-50, 100-EMA-EMA and 200 facing downward in the same graph. Resistance is at around 1.0600, and support - at 1.0550. 

MACD entered the negative zone. If the histogram will remain here vendors position strengthened. The RSI indicator was located near the oversold zone, intending to climb. 

EUR / USD forecast for 10/03/2017


ECB meeting almost did not bring any dividends euros. The EUR / USD remains under pressure. The price is at the level of 1.0580, the bears if the euro will be able to resist and overcome the support 1.0550, the euro dollar to go to the level of 1.0500. Alternative for EUR / USD will break-down and consolidation of bulls above resistance 1.6000, and the continuation of the Euro correct to around 1.0635-50 

 



 

Forex Technical Analysis The pound dollar GBP / USD on 10.03.2017



The pound sterling continued trading under pressure from a strengthening dollar on Thursday. Furthermore, an additional negative factor for the British currency is the lack of clarity in terms of positions Brekzita. 


Pound Dollar current situation


After the flat, which took place overnight trading, the price fell on Thursday. Monetary instrument night remained in a narrow range 1.2160-1.2150. Sellers have become more active in the morning and a couple of majors came out of the side channel. In accordance with the 4-hour chart, the price has continued to trade well below the moving average. Moving averages are preserved bearish bias on the same chart. Resistance is at around 1.2200, and support - at 1.2100. 

MACD remained at the same level, which confirms the position gain sellers. The RSI was held near the oversold area. 


GBP / USD forecast for 03/10/2017


On Thursday, Briton little corrected, but the pair remained in a downtrend. While bears are in control, GBP / USD is trading at 1.2170, today the pound players should not expect the flat to the NFP, the data may support the dollar, and the pair will go to 1.2100 support and with the successful consolidation and probably below

 




Forex. Forecast of the dollar, the yen and the technical analysis of the USD / JPY on 03/10/2017


Investors actively started buying the dollar as soon as it became aware of the lack of rising inflation in China. In addition, the market is growing confidence that the US regulator will decide on a monetary policy change. But on Friday a significant impact on the US currency will report on employment. 


Dollar Yen current situation


General sentiment for the dollar remains positive. Dollar developed a medium-term uptrend in trading Thursday. After the rally the medium price pulled back somewhat, as consumers allowed sellers to recover some losses. However, the new buying interest emerged at the opening day of trading. Bulls slowly began to recover their positions and during the morning European session brought back all the recent losses. Bulls continued their movement north and reached the level of 115.00 by midday. In accordance with the 4-hour chart, the price continued to trade significantly above the moving averages. 50-EMA-EMA 100 crossed and EMA 200 in the upward direction. 50-EMA continued to move up, while 100 EMA and the 200 EMA are neutral on said time frame. Resistance is at the level of 115.00, and support - to 114.00. 

The MACD histogram is increased, which is a signal to buy. The RSI indicator was located near the overbought zone, intending to develop growth. 


USD / JPY forecast for 10/03/2017


It is expected that the US dollar will develop upward momentum in the short term. A further increase above $ 115.00 is not excluded. Next Target area will be 115.50.

 





Forex. Analysis and forecast of AUD / USD on 10/06/2017


The currency of Australia fell to a minimum of 2 months in tandem with the US dollar. The decline in consumer inflation in China to some extent has become a negative factor for the pair. 


AUD / USD The current situation is


the negative sentiment prevailed on Thursday. Sellers retain control and reduce the price. During the Asian session, they moved slowly, but accelerated in the morning traffic. The Australian dollar reached the level of 0.7500 after the opening of the European session. The pair continued to trade well below the moving averages that were sent down to the 4-hour chart. 50 was positioned below the EMA 100 and EMA-EMA 200 crossed in the downward direction on the same graph. Resistance is at around 0.7550, and support - at 0.7500. 

The MACD histogram has decreased, which indicates the position gain sellers. The RSI was near overbought zone, intending to drop. 

AUD / USD forecast for 10/03/2017

Confident breakdown level 0.7500 will open the way to 0.7450.

 



 

Gold technical analysis and forex forecast XAU / USD on 03.10.2017



During the eight sessions gold traded under pressure. Weakening demand for precious metals is due to build confidence to tighten rates shtatovskih regulator at the March meeting. 


XAU / USD current situation


Thursday, trading in gold opened decrease. Sellers kept the advantage, sending the price down during the night session. The pair XAU / USD continued its bearish movement during the European session and hit her mid 1205. In accordance with the 4-hour chart, the precious metal continued to trade well below the moving average. 50 EMA crossed down the 100 EMA. EMA 50 and EMA 100 facing downward, while EMA 200 has a neutral on the same graph. Resistance is at around 1210, and support - to $ 1,200 per ounce. 

MACD trading in the downward direction. RSI continued to decline, confirming the strengthening of the positions of sellers. 


Forecast gold XAU / USD on 03.10.2017


It is expected that the closing of trading below 1200 will lead to risk reduction in the region in 1190 dollars per ounce.

 



 

forecast for Brent oil prices today Technical analyst and forex 10/03/2017



Pressure on oil prices have news regarding the increase in inventories in the United States. 


Oil Current Situation


Prices for Brent crude oil slightly rolled back during the Asian session and returned to a lower part of the losses incurred in the trading environment. Buyers were able to return the price to 53.50 area, where the benchmark has gone through new Ofer. Brent crude oil prices continued to decline in early trading. Sellers returned the price below $ 53.50, and then continued to reduce quotes. Brent fell sharply by midday and tested the level of 52.50 dollars per barrel. 4-hour chart showed that the "black gold" has continued to trade well below the moving averages, which were sent down. 50-EMA-EMA crossed 100 and 200 downstream of the EMA in said time frame. Resistance is at around 52.50, and at 51.50 dollars per barrel support. 

MACD has decreased, which confirms the strengthening position of sellers. The RSI remains in the oversold zone. 


Oil Forecast 03/10/2017


In the medium term is expected pullback in the market. The price may recover on profit taking. Possible Target serves mark 53.50 dollars per barrel. If the pressure on prices continues, prices may fall to the level of 51.50 in the coming session.

 



 

Investors technical analyst and DAX forecast for today 03/10/2017



Stock indexes in Europe were down on Thursday, hitting a weak negative impact the financial statements of some companies and becoming cheaper shares of the energy sector. 


DAX current situation


at the opening of trading DAX index formed a gap down. However, the benchmark was unable to develop a downward movement. After the opening of the European session closed the gap buyers. Then, the index continued to trade in the usual range. The price remained near the 50 EMA on the 4-hour time frame. 100-EMA-EMA and 200 are directed upward, whereas the 50-EMA was neutral in said graph. Resistance is at around 12,000, and support - to 11900. 

the MACD indicator has been set at zero. 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 return to consumers. RSI consolidated in the neutral zone. 


Forecast DAX 10.03.2017

We have the potential to develop the index growth. Main Target growth is at around 12000. However, for the beginning of the index need to overcome the mark of 11,950.

 





NASDAQ Index Technical Analysis and forecast 03.10.2017


In premarket trading, the US stock market was in the flat on the eve of the meeting of the ECB and the labor market report on Friday. 


Current Situation NASDAQ


NASDAQ index remained nearly flat at auction Thursday above $ 5340 in 5360. In accordance with the 4-hour chart, the price has broken through the 50-EMA upwards. Moving averages have retained a bullish bias on the same chart. Resistance is at around 5380, and support - on 5340. 

the MACD indicator has been set at zero. If the histogram will enter the positive zone, it will point to the strengthening of the positions of buyers. If MACD returns into negative territory, control of the market will revert to the sellers. RSI remained in the neutral zone. 


Forecast investors NASDAQ 10.03.2017


uptrend will continue as soon as the price rises above the level of 5380.

 

 

 

Analytical review of the submitted lead analyst broker Fort Financial Services Alexander Kofman.

 

 

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