banner-img
banner-img
banner-img
09 Dec

Daily Forex & Gold Technical 9th December 2016

admin Forex Technical outlook 0 Comments

Daily Technical Analysis on 9th December 2016

Today’s Technical Pairs: EURUSD, GBPUSD, USDJPY, & XAUUSD.
EURUSD
The ECB left its significant interest rates unmodified & continued QE program till 2017 April. The euro traded blended on yesterday. The pair extended its steep rise & smashed the 1.0750 in yearly trades. The pair kept on increasing then & tested the 1.0796 levels in the European hours. The level did not block buyers which forced values higher towards 1.0845 levels. Still, the pair quickly changed its direction before the US session opening. The natural European currency rebound 1.0845 levels & fell towards 1.0656 throughout the US session. 
 
The price rebound 200 EMA in the 4HR chart. The 50 EMA intersect the 100-EMA upside directions. The 200 & 100 EMAs handled their bearish steep although the 50-EMA pointed much higher. The resistance seems at 1.0645 levels, the support appears at 1.0610 levels.
MACD histogram reduced which hints the seller’s growing strength.  Indicator RSI bounced off the overbought region.
GBPUSD
On Thursday, Housing Price Balance for November upbeat supports the pound. Still, the UK currency took favors a weaker dollar & sustained with a recovery. The bullish market structure stayed in position last day. The pound regained & twisted its few losses which it had hurt previously in the week. The pair forced away from 1.2596 levels in the Asian hours & tested the 1.2705 levels at the Europe session continuing its upside trajectory afterwards. 
 
In the 4HR chart the pound rebound the 50-EMAs. The 50, 100 & 200 EMAs handled their bullish slope. The resistance finds in 1.2595 levels, the support comes in 1.2505 levels. Indicator RSI jumped downside directions.
USDJPY
The yen undermined against the US dollar among a depressing GDP in the nation. Buying force around the dollar following the ECB left unmodified its monetary policy drives the pair upwards. Sellers forced the value lower & tested the 113.05 levels in the Asian time. After reaching 113.05 values curled back & spent the European session drifting over the level. A new buying interest drives values upside in the US session. 
 
According to the 4HR chart shows that the values rebound from the 50-EMA. The resistance remains at 115.05 levels, the support stays at 113.96 levels. MACD histogram grew which hints buyer’s spot strength. RSI indicators drive upwards.
XAUUSD
The yellow metal jumped lower following the ECB meeting on yesterday. The European controller decision to depart its policy unmodified bolstered the US dollar buying interest, thus declining metal values. The yellow metal traded in a usual range between 1170 & 1176 on last day.
 
The value tested & suddenly rebound the 50-EMAs in the 4HR chart. The 50, 100 & 200 EMAs kept moving much lower. The resistance appears at 1176 levels, the support stands at 1169 levels. Indicator MACD traded to the downwards. RSI stayed within the neutral zone.
 
 
Previous Next
 
Share This Post
 
 
banner-img
banner-img
banner-img
watercolor paints

Read ICM Capital Review

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

Since
2009

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

Since
2013

banner-img

Facebook

Twitter

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.