28 Dec

Forex & Gold-Daily Technical on 28 December 2016

admin Forex Technical outlook 0 Comments

Daily Technical Analysis on 28 December 2016

Today’s Technical Pairs: EURUSD, GBPUSD, USDJPY, & XAUUSD.
The dollar make stronger on yesterday when some traders determined to take their chance to trade ahead of the New Year holidays. The pair preserved a neutral stance trading just about last weekend closing levels on earlier day. The euro moves violently around 1.045 levels throughout the day. 
The price tested the 50-EMAs in the 4HR chart. All moving averages handled their bearish slope. The resistance finds in 1.045 levels, the support comes in 1.040 levels. MACD indicator is at the center point. If the histogram comes into the negative zone, that will indicate seller’s sign. If MACD moves into the positive zone the buyers will take the market control. RSI stayed within the neutral region.
The dollar strengthened against the pound on yesterday due to low instability as British markets were stopped among Christmas celebration. The pound was in a consolidation throughout the 1st part of last day. The pair was lynching under the 1.23 levels before a fresh selling interest weighed on the key. Traders forced the pair lower towards earlier week low at 1.2225 levels.
The value rebound the 50-EMA downside in the 1Hr chart. The moving averages kept heading lower in the 1Hr time frame. The resistance appears in 1.2300 levels, the support remains in 1.2200 levels. MACD reduced which signs the seller’s positions strengthening. RSI indicator stayed within the oversold areas.
The yen unnoticed a bunch of Japanese inflation data staying around its latest lows on yesterday. The BoJ released National Consumer Price Index, Unemployment Rate & Overall Household Spending. Generally bullish structure stayed intact on last day. The pair traded sideways yesterday among low liquidity due to holidays. 
The value was flirting with the 50-EMAs in the 4Hr chart. The pair was between the 50-EMA & the 100-EMAs throughout the day. The 50, 100 & 200 EMAs directed much higher. The resistance seems at 118 levels, the support lies at 117 levels. MACD indicator remains neutral in position. RSI stayed within the neutral region.
The yellow metal prices grew in the light market before the New Year holidays. The metal prices were adept to recover on last day. The price in progress the day with a sluggish growth from earlier week lows. The pair goes faster before the European session opening when the gold spiked through 1140 levels towards 1150 levels. After testing the level values jumped back & comes back to 1140 levels at the beginning of the US session. 
According to the 4Hr chart the value smashed the 50-EMAs & tested the 100-EMA. The pair remained between the 50 & the 100-EMAs throughout the day. All moving averages directed lower. The resistance finds at 1140 levels, the support stands at 1130 levels. MACD entered the positive zone. If MACD stays in the positive zone, buyers’ spot will strengthen. The RSI indicator stayed within the overvalued region.
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.