USD is being supported by Yellen’s speech regarding the possibility of the Fed rate hike.

The support rests at 1.11310 with resistance at 1.11730 which both lines are below the weekly pivot point at 1.12370. The EMA of 10 is moving with bearish bias along the descendant channel and has crossed the EMA of 100. The RSI is moving in oversold area, the Stochastic reached its minimum rate and now is moving upward and the MACD indicator is in negative territory.

Short positions are recommended with the target at 1.1130.

## Wednesday, August 31, 2016

### NZDUSD analysis for 31.08.2016

NZDUSD was under pressure due to the US rate hike.

The support rests in 0.72240 with resistance at 0.72660 which both lines are below the weekly pivot point 0.72770. The EMA of 10 is moving horizontally close to the EMA of 100. The RSI is moving on the 50 level, the MACD indicator is negative territory and the Stochastic is showing upward momentum.

The pair may start its decline towards 0.7180.

The support rests in 0.72240 with resistance at 0.72660 which both lines are below the weekly pivot point 0.72770. The EMA of 10 is moving horizontally close to the EMA of 100. The RSI is moving on the 50 level, the MACD indicator is negative territory and the Stochastic is showing upward momentum.

The pair may start its decline towards 0.7180.

## Tuesday, August 30, 2016

### EURUSD analysis for 30.08.2016

EURUSD is under the influence of Yellen’s speech and FOMC’s officials’ comments. The support rests at 1.11560 with resistance at 1.11920 which both lines are below the weekly pivot point at 1.12370. The EMA of 10 is moving with bearish bias along the descendant channel and has crossed the EMA of 100. The RSI is moving in oversold area, the Stochastic is showing downward momentum and the MACD indicator is in negative territory. The support level breakthrough will smooth the way for further decline targeting 1.1070.

https://fxglory.com/eurusd-analysis-for-30-08-2016/

https://fxglory.com/eurusd-analysis-for-30-08-2016/

### AUDUSD analysis for 30.08.2016

AUD is weakening because of Fed officials’ speech regarding empowering the monetary policy in the nearest future. The pair is finding support at 0.75540 with resistance at 0.75820 which the monthly pivot point is staying in between at 0.75600. The EMA of 10 is moving with bearish bias below the EMA of 100. The RSI is below the 50 level and the MACD indicator is in negative territory showing the price decline; however the Stochastic is indicating price growth but it has reached its maximum rate. Further decline is expected targeting 0.7470.

https://fxglory.com/audusd-analysis-for-30-08-2016/

https://fxglory.com/audusd-analysis-for-30-08-2016/

### GBPUSD analysis for 30.08.2016

Despite yesterday’s bullish candles, GBPUSD started today with bearish bias. The support rests at 1.30570 with resistance at 1.31210 which both lines are below the monthly pivot point at 1.31530. The EMA of 10 is moving with bearish bias along the descendant channel as well and it is close to the EMA of 100. The RSI is moving below the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in negative territory showing the price decline. The pair will continue its downward trend targeting 1.2794.

https://fxglory.com/gbpusd-analysis-for-30-08-2016/

https://fxglory.com/gbpusd-analysis-for-30-08-2016/

## Monday, August 29, 2016

### USDJPY analysis for 29.08.2016

USDJPY is under the influence of Japan national base index of the consumer prices and Yellen’s speech. This pair is moving with bullish bias continuing the sudden growth to 102 area. The support rests at 101.780 with resistance at 102.500 which both lines are above the weekly pivot point at 101.260. The EMA of 10 is moving with bullish bias and it is crossing the EMA of 100. The RSI is moving on overbought area, the Stochastic is reaching its maximum amount and the MACD indicator is in positive territory. The resistance level breakout will pave the way for further growth targeting 102.64.

https://fxglory.com/usdjpy-analysis-for-29-08-2016/

https://fxglory.com/usdjpy-analysis-for-29-08-2016/

### NZDUSD analysis for 29.08.2016

Despite NZDUSD’s sharp decline on Friday, today the pair started its trend with bullish bias. The support rests in 0.72030 with resistance at 0.72570 which both lines are below the weekly pivot point 0.72770. The EMA of 10 is falling down towards the EMA of 100. The RSI is moving below the 50 level, the MACD indicator is neutral territory and the Stochastic is in its lowest rate. There are no signs of pullbacks at the moment, we expect the price growth for now.

https://fxglory.com/nzdusd-analysis-for-29-08-2016/

https://fxglory.com/nzdusd-analysis-for-29-08-2016/

### EURUSD analysis for 29.08.2016

Despite EURUSD’s sudden fall on Friday, today the pair started its trend with bullish bias. The support rests at 1.11830 with resistance at 1.12150 which both lines are below the weekly pivot point at 1.12370. The EMA of 10 is moving with bearish bias along the descendant channel and it is located above the EMA of 100. The RSI is moving in oversold area, the Stochastic has reached its minimum rate and the MACD indicator is in negative territory. The pair might continue its bearish movement and push the support line towards 1.1113.

https://fxglory.com/eurusd-analysis-for-29-08-2016/

https://fxglory.com/eurusd-analysis-for-29-08-2016/

### USDJPY analysis for 26.08.2016

USDJPY is still fluctuating within a certain range since yesterday. The support rests at 100.370 with resistance at 100.590 which both lines are below the monthly pivot point at 103.870. The EMA of 10 is moving horizontally and it is located below EMA of 100. The RSI is moving above the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in neutral territory. The pair is going to continue its fluctuation for today as well. Traders can give this pair a rest.

https://fxglory.com/usdjpy-analysis-for-26-08-2016/

https://fxglory.com/usdjpy-analysis-for-26-08-2016/

### AUDUSD analysis for 26.08.2016

Being influenced by the Asian session, AUDUSD is moving with bullish bias testing the 0.76 resistance area. Now the support rests at 0.76190 with resistance at 0.76430 which both lines are above the weekly pivot point at 0.75600. The EMA of 10 has reached the EMA of 100. The RSI is above the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in negative territory. Pullbacks are massively possible at this stage targeting 0.7550 area.

https://fxglory.com/audusd-analysis-for-26-08-2016/

https://fxglory.com/audusd-analysis-for-26-08-2016/

### EURUSD analysis for 26.08.2016

Being supported by the business climate index in Germany, EURUSD returned to the 1.1291 area. This pair will be under the influence of core orders for durable goods in the US as well. Now the support rests at 1.12780 with resistance at 1.12990 which both lines are above the monthly pivot point at 1.11070. The EMA of 10 is moving with bullish bias above the EMA of 100. The RSI is above the 50 level, the Stochastic is showing upward momentum and the MACD indicator is moving in negative territory close to the neutral zone. The pair will find consolidation in 1.1245-1.1325 area.

https://fxglory.com/eurusd-analysis-for-26-08-2016/

https://fxglory.com/eurusd-analysis-for-26-08-2016/

## Thursday, August 25, 2016

### EURUSD analysis for 25.08.2016

EURUSD started today with bullish bias trying to rebound from yesterday’s sharp fall. The support rests at 1.12600 with resistance at 1.12800 which both lines are above the monthly pivot point at 1.11070. The EMA of 10 is moving with bearish bias along the descendant channel and it is located above the EMA of 100. The RSI is moving below the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in neutral territory. Due to the weak reports in the European area we stay bearish while the support level drops to 1.1210.

https://fxglory.com/eurusd-analysis-for-25-08-2016/

https://fxglory.com/eurusd-analysis-for-25-08-2016/

### USDCAD analysis for 25.08.2016

USDCAD is moving within the 1.29 area. The pair is finding support at 1.29090 with resistance at 1.29370 which both lines are above the weekly pivot point at 1.28690. The EMA of 10 is moving horizontally and it is located below the EMA of 100. The RSI is moving on the 50 level and the MACD indicator is in positive territory but it seems to be so weak; moreover the Stochastic is indicating price fall. The support level breakthrough will smooth the way for further decline targeting 1.2763.

https://fxglory.com/usdcad-analysis-for-25-08-2016/

https://fxglory.com/usdcad-analysis-for-25-08-2016/

### USDJPY analysis for 25.08.2016

USDJPY is fluctuating within the horizontal channel. The support rests at 100.280 with resistance at 100.670 which both lines are below the monthly pivot point at 103.160. The EMA of 10 is moving with bullish bias and it is located below the EMA of 100. The RSI is moving on the 50 level, the Stochastic is reaching its maximum amount and the MACD indicator is in negative territory. The pair will continue its fluctuation for a while however there is a strong resistance zone around 100.78 level.

https://fxglory.com/usdjpy-analysis-for-25-08-2016/

https://fxglory.com/usdjpy-analysis-for-25-08-2016/

## Wednesday, August 24, 2016

### AUDUSD analysis for 24.08.2016

AUDUSD is continuing its downward trend from yesterday. The pair is finding support at 0.76030 with resistance at 0.76210 which both lines are below the weekly pivot point at 0.76580. The EMA of 10 is moving close to the EMA of 100. The RSI is below the 50 level and the MACD indicator is in negative territory showing the price decline; moreover the Stochastic is indicating price fall but it has reached its minimum rate. The support level breakthrough will pave the way for further decline targeting 0.75 area.

https://fxglory.com/audusd-analysis-for-24-08-2016/

https://fxglory.com/audusd-analysis-for-24-08-2016/

### EURUSD analysis for 24.08.2016

EURUSD is falling down. There are several economic reports which will support and weaken EUR. The support lies at 1.12820 with resistance at 1.13180 which both lines are above the monthly pivot point at 1.11070. The EMA of 10 is falling down towards the EMA of 100. The RSI is moving below the 50 area, the MACD indicator is in positive territory and the Stochastic has reached its minimum amount. It would be a good idea that traders give themselves a rest and wait for a better chart setup to decide on their positions.

https://fxglory.com/eurusd-analysis-for-24-08-2016/

https://fxglory.com/eurusd-analysis-for-24-08-2016/

### GBPUSD analysis for 24.08.2016

Generally GBPUSD has been moving with bullish bias after falling to 1.28 area. The support rests at 1.31610 with resistance at 1.31970 which both lines are above the weekly pivot point at 1.30410. The EMA of 10 is moving with bullish bias along the ascendant channel as well and is located above the EMA of 100. The RSI is moving above the 50 level and is getting close to the overbought area, the Stochastic is showing downward momentum and the MACD indicator is in positive territory showing the price growth. In case of the resistance level breakout buyers can target 1.3372 however, the support level breakthrough will smooth the way for further decline targeting 1.3023.

https://fxglory.com/gbpusd-analysis-for-24-08-2016/

https://fxglory.com/gbpusd-analysis-for-24-08-2016/

### EURUSD analysis for 23.08.2016

EURUSD is still climbing up the ascendant channel. The support rests at 1.13150 with resistance at 1.13490 which both lines are above the weekly pivot point at 1.12780. The EMA of 10 is moving with bullish bias along the ascendant channel as well and is located below the EMA of 100. The RSI is moving above the 50 level and is getting close to the overbought area, the Stochastic is showing upward momentum and the MACD indicator is in positive territory heading downwards. The pair may continue its upward trend however the 1.14 area seems to be strong resistance area.

https://fxglory.com/eurusd-analysis-for-23-08-2016/

https://fxglory.com/eurusd-analysis-for-23-08-2016/

### USDCHF analysis for 23.08.2016

USDCHF is falling down the descendant channel. The support lies at 0.95990 with resistance at 0.96320 which both lines are below the monthly pivot point at 0.97590. The EMA of 10 is moving horizontally below the EMA of 100. The RSI falling down towards the oversold area, the MACD indicator in in negative territory and the Stochastic has reached its minimum amount. The support level breakthrough will smooth the way for further decline targeting 0.9443.

https://fxglory.com/usdchf-analysis-for-23-08-2016/

https://fxglory.com/usdchf-analysis-for-23-08-2016/

## Monday, August 22, 2016

### USDJPY analysis for 22.08.2016

USDJPY has been supported by the Asian session along with the general growth of USD. The support rests at 100.360 with resistance at 101.080 which both lines are below the monthly pivot point at 103.160. The EMA of 10 is moving with bullish bias and it is located below the EMA of 100. The RSI is above the 50 level and the MACD indicator is in negative territory. The pair seems bearish at the moment, sellers can target 98.97 for now.

https://fxglory.com/usdjpy-analysis-for-22-08-2016/

https://fxglory.com/usdjpy-analysis-for-22-08-2016/

### EURUSD analysis for 22.08.2016

EURUSD is falling down due to the new Dudley and Williams comments regarding rates in the future. The support rests at 1.12560 with resistance at 1.13100 which both lines are above the weekly pivot point at 1.11070. The EMA of 10 is moving with bearish bias and is located below the EMA of 100. The RSI is moving on the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in positive territory heading downwards. The pair is moving bearishly at the moment; short positions are recommended with the target at 1.0911.

https://fxglory.com/eurusd-analysis-for-22-08-2016/

https://fxglory.com/eurusd-analysis-for-22-08-2016/

## Friday, August 12, 2016

### NZDUSD analysis for 12.08.2016

NZD was supported due to the RBNZ decision about the rates. The support rests in 0.71810 with resistance at 0.72150 which both lines are above the weekly pivot point 0.71710. The EMA of 10 is falling down towards the EMA of 100. The RSI is moving in 50 level, the MACD indicator is positive territory and the Stochastic is in its lowest level. The support level breakthrough will smooth the way for further decline targeting 0.7150 however, buyers may also have a chance to find strong support in this area and wait for the price growth.

https://fxglory.com/nzdusd-analysis-for-12-08-2016/

https://fxglory.com/nzdusd-analysis-for-12-08-2016/

### GBPUSD analysis for 12.08.2016

GBPUSD is under the influence of oil prices, US labor market data, retail sales and consumer sentiment. The support rests at 1.29480 with resistance at 1.29680 with both lines are below the weekly pivot point at 1.31520. The EMA of 10 is falling down sharply and it is located below the EMA of 100. The RSI is moving in oversold area, the MACD indicator is in negative territory showing the price decline and the Stochastic is moving horizontally in negative area. The price decline will continue until it reaches the 1.27 area.

https://fxglory.com/gbpusd-analysis-for-12-08-2016/

https://fxglory.com/gbpusd-analysis-for-12-08-2016/

## Thursday, August 11, 2016

### EURUSD analysis for 11.08.2016

As the chance of rate’s hike increases, EUR is being supported. The support rests at 1.11540 with resistance at 1.11900 which both lines are above the weekly pivot point at 1.11210. The EMA of 10 is moving with bullish bias and has passed the EMA of 100. The RSI is moving above the 50 level, the Stochastic is showing downward momentum and the MACD indicator is in positive territory showing the price growth. If the pair reaches 1:12 area, it will grow to higher levels, at the moment sell positions are recommended with the target at 1.1050.

https://fxglory.com/eurusd-analysis-for-11-08-2016/

https://fxglory.com/eurusd-analysis-for-11-08-2016/

### USDJPY analysis for 11.08.2016

USDJPY is chiefly under the influence of the US economic reports such as Continuing Claims ,Import Price Index (M/M), Import Price Index (Y/Y) and Initial Jobless Claims. The support rests at 100.990 with resistance at 101.690 which both lines are below the monthly pivot point at 103.160. The EMA of 10 is moving with bearish bias and it is located below the EMA of 100. The RSI is below the 50 level, the Stochastic is showing upward momentum and the MACD indicator is in neutral area. If the pair goes upward it will reach 102 area however from downside it may fall towards 101 area.

https://fxglory.com/usdjpy-analysis-for-11-08-2016/

https://fxglory.com/usdjpy-analysis-for-11-08-2016/

### GBPUSD analysis for 10.08.2016

While there are several economic reports in the US to influence GBPUSD such as JOLTS Job Openings , DOE Crude Oil Inventories, DOE Distillate Inventories, DOE Gasoline Inventories and Monthly Budget Statement the GB is releasing RICS House Price Balance. The support rests at 1.29520 with resistance at 1.31320 which both lines are below the weekly pivot point at 1.31520. The RSI is falling down below the 50 level, the MACD indicator is in negative territory and the Stochastic has reached its maximum amount so we expect pullbacks soon. Sellers can target 1.29 area at the moment.

https://fxglory.com/gbpusd-analysis-for-10-08-2016/

https://fxglory.com/gbpusd-analysis-for-10-08-2016/

### AUDUSD analysis for 10.08.2016

AUDUSD is under the impact of the National Australia Bank’s Business Conditions and the oil prices. The support lies at 0.76720 with resistance at 0.77200 which both lines are above the weekly pivot point at 0.75880. The RSI has reached the over bought area already, the MACD indicator in in positive territory and the Stochastic has reached its maximum amount. There is a great chance of falling down at any moment. Short positions are recommended with the target at 0.7600 but later it would continue its upward trend again.

https://fxglory.com/audusd-analysis-for-10-08-2016/

https://fxglory.com/audusd-analysis-for-10-08-2016/

### USDJPY analysis for 09.08.2016

USDJPY is under the influence of some economic reports such as Domestic CGPI, Domestic CGPI, Machine Orders and Machine Orders in Japan and Nonfarm Productivity and Unit Labor Costs in the US. The support rests at 102.180 with resistance at 102.600 which both lines are above the weekly pivot point at 101.760. The EMA of 10 is rising but the EMA of 100 is falling down. The RSI is moving upward, the MACD indicator is in positive territory and the ADX is showing strong buyers. Buyers can target 103.50 for the next price growth.

https://fxglory.com/usdjpy-analysis-for-09-08-2016/

https://fxglory.com/usdjpy-analysis-for-09-08-2016/

### NZDUSD analysis for 09.08.2016

NZDUSD is chiefly under the influence of the US labor data which was out of the experts’ expectations. It seems that the US economy is getting stronger. The support rests in 0.71020 with resistance at 0.71620 which both lines are below the weekly pivot point at 0.71710. The EMA of 10 is falling down and it is getting close to the EMA of 100. The RSI is falling down and is reaching the oversold area, the MACD indicator is in neutral territory and the Stochastic is showing downward momentum. The trend seems bearish at the moment targeting 0.7050.

https://fxglory.com/nzdusd-analysis-for-09-08-2016/

https://fxglory.com/nzdusd-analysis-for-09-08-2016/

## Monday, August 8, 2016

### EURUSD analysis for 08.08.2016

EURUSD is under the influence of NFP report and the labor market report. The support rests at 1.10590 with resistance at 1.11070 which both lines are below the weekly pivot point at 1.11210. The EMA of 10 is moving with bearish bias and it is falling down towards the EMA of 100. The RSI is rising to 50 level, the MACD indicator is in neutral area and the ADX is showing stronger sellers but there is no sign of strong power against buyers. It seems that the pair is not falling below the 1.100 level therefore buyers can make a profit at the moment.

https://fxglory.com/eurusd-analysis-for-08-08-2016/

https://fxglory.com/eurusd-analysis-for-08-08-2016/

### GBPUSD analysis for 08.08.2016

While GBP was being supported by BoE’s monetary easing program it lost its power due to the U.S jobs data. The support rests at 1.30550 with resistance at 1.31030 which both lines are below the weekly pivot point at 1.31520. The EMA of 10 is moving with bearish bias along with the EMA of 100. The RSI is moving horizontally in the oversold area and the MACD indicator is moving in negative territory showing the price decline. Sellers can target 1.2900 for this pair at the moment.

https://fxglory.com/gbpusd-analysis-for-08-08-2016/

https://fxglory.com/gbpusd-analysis-for-08-08-2016/

### USDCAD analysis for 08.08.2016

While CAD was losing its power due to the unemployment rate in Canada, USD was supported. The support rests at 1.31520 with resistance at 1.32120 which both lines are above the weekly pivot point at 1.31250. The EMA of 10 is moving upward and has already passed the EMA of 100. The RSI is moving in overbought area, the MACD indicator is moving in neutral zone and the ADX is showing strong buyers. The price will continue its upward momentum, buyers can target 1.3300.

https://fxglory.com/usdcad-analysis-for-08-08-2016/

https://fxglory.com/usdcad-analysis-for-08-08-2016/

## Sunday, August 7, 2016

### GBPUSD analysis for 05.08.2016

Due to the BoE’s decision regarding the rate’s decrease, GBP fell sharply again after the Great referendum. The support rests at 1.31140 with resistance at 1.31440 which both lines are below the weekly pivot point at 1.31930. The EMA of 10 is falling down and has crossed the EMA of 100. The RSI is moving below the 50 level, the MACD indicator is falling towards the negative territory and the Stochastic is showing downward momentum. At moment stay short and after the support level breakdown target 1.2900.

https://fxglory.com/gbpusd-analysis-for-05-08-2016/

https://fxglory.com/gbpusd-analysis-for-05-08-2016/

### EURUSD analysis for 05.08.2016

While EUR is losing its power USD is growing on the other side. US nonfarm payrolls will affect this pair. The support rests at 1.11230 with resistance at 1.11470 which both lines are above the weekly pivot point at 1.11070. The EMA of 10 is falling down towards the EMA of 100. The RSI is moving in negative area below the 50 level, the MACD indicator is in falling down towards the neutral territory and the Stochastic is showing neutral trend at the moment. We expect further decline towards 1.100 area.

https://fxglory.com/eurusd-analysis-for-05-08-2016/

https://fxglory.com/eurusd-analysis-for-05-08-2016/

## Monday, August 1, 2016

### NZDUSD analysis for 01.08.2016

While Q2 GDP data weakens USD, positive building permits report supports NZD. The support rests at 0.71780 with resistance at 0.72540 which both lines are above the weekly pivot point at 0.71290. The EMA of 10 is moving with bullish bias above the EMA of 100. The RSI is moving in overbought area, the MACD indicator is in positive territory which might fall down at any time soon and the Stochastic is showing downward momentum. Currently the price is rising but it would not for higher than 0.7250. Stay long for now but ready to sell at 0.7250.

https://fxglory.com/nzdusd-analysis-for-01-08-2016/

https://fxglory.com/nzdusd-analysis-for-01-08-2016/

### EURUSD analysis for 01.08.2016

Due to Eurozone GDP data EUR gained momentum against the USD. On the other hand, the Fed’s decision regarding the rates weighed USD. The support rests at 1.11600 with resistance at 1.11900 which both lines are above the weekly pivot point at 1.11070. The EMA of 10 is rising and has passed the EMA of 100. The RSI has reached the overbought line and there is a great chance of falling down, the MACD indicator is in positive territory as well and the Stochastic is showing horizontal line. The potential decrease will target 1.1100 level where there would be a good opportunity for buyers.

https://fxglory.com/eurusd-analysis-for-01-08-2016/

https://fxglory.com/eurusd-analysis-for-01-08-2016/

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