13 Sep

Forex & Gold Technical Analysis on 13 September 2016

admin Forex technical indicator 0 Comments

Daily Technical Analysis on 13th September 2016

Today’s Technical Pairs: EURUSD, GBPUSD, USDJPY, & XAUUSD.

The dollars build up on the rear of renewed belief that the Fed will act as soon as next month and due to the ECB’s decision to keep the rate unmodified. The pair traded horizontal in position on last day. The value was adept to recover in the Asian session. Still, the pair wipes out all its earlier improved at the beginning of the European session. The value got below the selling pressure & was tending towards 1.1200 levels throughout the European session. The euro reached the 50-EMA in the 4HR chart. The 50-EMA act as a support for the value. 
The 50, 100 and 200 EMAs are denoting superior in the equal chart. The resistance appears in 1.1270 levels, the support remains 1.1200 levels. Indicator MACD is in the positive zone decreased which hints the buyers’ spot weakening. RSI Indicator remains neutral; its surrounding the oversold region. 
There were no major economic releases in the UK on yesterday. The market place will be focal point on Core Consumer Price Index in the next sessions. The pound trades within a stiff range on previous day, not too long from last weekend's low. The price went rear & front between 1.3244 – 1.3285 levels throughout the whole day. The pair recovered at the opening of the US session. 
The value briefly smashed the 50-EMA and suddenly returned over it in the 4HR chart. The 100-EMA is intersecting the 200-EMA upside direction in the 4HR chart. The moving averages protect a bullish slope. The current resistance stays at 1.3360 levels, the support remains at 1.3200 levels. Indicator MACD is in the negative zone decreased which sure the seller’s strength. RSI indicator is moving into the oversold region.
The yen gain some moment the rear of solid Machinery Orders report. Domestic Corporate Goods Price Index reduced in the nation. Investors are looking for fresh hints about the Fed rate hike in this year. The value retreated from the last week’s top and got below selling force. The pair is trending lower through the mark level of 102.50. The rapid low is at 101.70 levels. The value cracks the 50, 100 and 200 EMAs in the 4HR chart. The moving averages remain neutral in position giving no signal. 
The resistance finds at 102.50, the support seems at 101.40 levels. MACD indicator is at the centre position in the chart. If the histogram moves into the positive zone, that will hints the buyers’ growing strength. If indicator MACD comes back into the negative zone the sellers will take over the market control.  Indicator RSI stands neutral.
The yellow metal futures weakened among reviving belief of an eventual Fed rate-hike this month. The pair traded at last four-day lows on yesterday. Following a brief consolidation throughout the Asian session, the yellow metal comes back into a decline in the European session. The gauge broke through the 50, 100 and 200 EMAs and leads away from them. 
The resistance comes in 1330, the support finds in 1316 levels. Indicator MACD remains in the negative region decreased which believes the strength of sellers. RSI indicator is surrounding the oversold region. As we expected the value smashed the 1330 level. The gold futures are leading south currently. The next sellers’ target will be 1316 levels.
Previous Next
Share This Post

Why we choose Forex Market?
Oct 06 , 2015

Forex, Commodity and Binary Trading Signals on 5th May 2016
May 04 , 2016

Forex Trading Terminologies
Oct 21 , 2015


Free Forex Trading Seminar In Salem
Aug 19 , 2018

Forex Weekly Technical Outlook on 7-11 August 2017
Aug 07 , 2017

Forex Weekly Technical Outlook on 24-28 JULY 2017
Jul 24 , 2017

watercolor paints

Read ICM Capital Review

  LeTechs Rating  
  Regulation   FCA
  Branches   UAE, China, Russia, Mauritius
  Bonus   $1000


watercolor paints

Read Fidelis Capital Markets Review

  LeTechs Rating  
  Regulation   FSA, St. Vincent and the Grenadines
  Branches   Except USA, Belgium and British Columbia
  Bonus   200% Bonus




Google Plus

Risk warning: Trading foreign exchange (Forex Trading) and contracts for differences (CFDs) on margin carries a high level of risk, and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. Please ensure you fully understand the risk involved before trading, and if necessary seek independent advice.

Copyright © 2015 LeTechs. All Rights Reserved.