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Technical Analysis for 12/12/2016

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Technical Analysis for 12/12/2016

Technical Analysis for 12/12/2016
December 12
09:00 2016



The American dollar is stable in relation to the euro, while the euro has fallen, compensating the recent gains.

The currency pair EUR / USD passed the level 1,0600 and moved to the level 1,0550. At the start of the American session this level was also done.

The support is located at the level 1,0600, the resistance – at the level 1,0550. MACD moved in the negative zone. If it stays there, the sellers` positions will improve. RSI stays in the overbought zone.

If the currency pair EURUSD manages to stay at the level 1,0600, the descending movement will continue. The target for the sellers is at the level 1,0550 and 1,0500.



The export level in Britain achieved the record one. This could not leave the pound without attention. The price of the British currency started growing. In the middle of the European session it has already passed the level 1,2600.

But after the currency pair passed this level, the ascending trend was over. The British currency started falling in price.

The support is located at the level 1,2500, the resistance – at the level 1,2600. MACD moved in the negative zone. It is obviously that sellers are strengthening their positions. RSI is still in the neutral zone.

If the currency pair GBP / USD falls below the level 1,2600, it will be falling further. The decrease of the currency pair GBPUSD is expected till the level 1,2500.



The US dollar is growing while the price of the yen is dropping, accordingly. The currency par USD / JPY passed the level 114,00. Further, the currency pair continued its growth till the level 115,00.

The support is located at the level 114,00, the resistance is located at the level 115,00.

Histogram MACD is growing. This is evidence of the positions strengthening of the buyers. RSI stays in the overbought zone. Its growth is expected.

If the currency pair USDJPY manages to pass the level 115,00, this will open its way above, up to the level 116,00. Further, it will make possible the currency pair growth till the level 117,00.

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  1. Luisa Amstrong
    Luisa Amstrong December 12, 11:09

    What is the forecast of the main currencies for the nearest future? I mean, the Japanese yen, the euro, the US dollar?

    Reply to this comment
  2. Pavel Nalimov
    Pavel Nalimov December 12, 13:24

    In the coming days all the investors’ attention will be focused on the forecasts of the interest rates raise in 2017. If the Fed changes the tone of the statements, pointing out that next year interest rates will rise at a faster rate under the created conditions, it is likely that the demand for the US dollar as a more profitable asset for investment compared with other trading instruments will only increase.

    Reply to this comment
  3. Maryann Brosseau
    Maryann Brosseau September 21, 19:28

    Great post. Do you have any other ones you can give? I love super stuff. 🙂

    Reply to this comment
  4. Parker Prosperi
    Parker Prosperi September 21, 19:30

    Amazing post. Do you have any other ones you can put? I like the content. 🙂

    Reply to this comment

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